Comments by "Samson Soturian" (@samsonsoturian6013) on "\"What About Warren Buffett?\"" video.

Also, Mr. Buffet was born into a high paying job and is a workaholic. His father's library was full of books on economics and Buffet grew up during the depression so reading was his hobby.
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Answer: You are not Warren Buffet.
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@harshitgarg1432 It shouldn't surprise the top dog has luck AND talent while normal people have neither
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Private investments don't overperform. They should, but they don't because there's enough private equity firms chasing that extra premium and also enough fund managers using illiquid investments to HIDE LOSSES that there's nothing extra.
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Standard & Poor have no affiliation with the ETF managers. The committee simply selects 500 representative stocks to make a chart showing what the market is doing. This was originally for newspapers to print, but now it is for passive funds to copy.
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@BenFelixCSI Or that Buffet doesn't play silly games with private company valuations and just focuses on getting profits and wages high
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That's an exaggeration.
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Another reason for Buffet's overperformance is his reinsurance business where he sells insurance to insurance companies and megacorps and unlike most derivatives these have an edge for the same reason selling car insurance does (people NEED it, they don't WANT it). There is no way for small investors to replicate this success, because selling insurance favors the man with the biggest pile of money to use as collateral.
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@pastramiking But that would require you to know ahead of time that Berkshire would outperform when not even Warren knows that
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You don't need a lot of active managers and the fewer of them there are the more profitable it becomes. But since that industry can make men rich quick, it's full of enough amateurs and ponzi schemes that there is no money in it at all.
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