One note about idolising Buffet in modern times is that it seems to me any strategy Buffet used to employ is outdated.
Any simple metrics, or indicators you can think of are already priced in by algorithms so the only possibility to gain an edge would be to have some very specific niche knowledge or inside information, or you must have even better algorithm that considers more variables.
Any success not stemming from those things can't really be attributed to anything else than luck.
I'd argue, Buffet even if young, couldn't do the same today, that he did in the past.
If there's a successful pattern discovered it will be used until there won't be any more profits available from being able to read this pattern. And these patterns get more and more complicated as time goes on, for an hobbyist investor there's absolutely no way, to do some technical analysis and find a profitable idea.
Any simple metrics, or indicators you can think of are already priced in by algorithms so the only possibility to gain an edge would be to have some very specific niche knowledge or inside information, or you must have even better algorithm that considers more variables.
Any success not stemming from those things can't really be attributed to anything else than luck.
I'd argue, Buffet even if young, couldn't do the same today, that he did in the past.
If there's a successful pattern discovered it will be used until there won't be any more profits available from being able to read this pattern. And these patterns get more and more complicated as time goes on, for an hobbyist investor there's absolutely no way, to do some technical analysis and find a profitable idea.