And I’m very skeptical about this guy. So apparently his fundamental analysis and talent in picking stocks is so unmatched that he was able to turn $7700 into $42’000’000 in 12 years.Buying calls in super undervalued companies that are disliked by the public can be super profitable. So leverage + mean reversion, especially when you do it in companies that can’t properly be hold by institutional investors at first and catch the wave up.Many such investors in the world (deepfuckingvalue for example as well). Problem is that it doesn’t really scale. So the returns get worse, because you dont make a dent in your equity with what worked previously.The genius of Buffett is not that he had great returns, (there are many that have better ones) but that he had great returns with the size he is at.
