I got a call from Buffett asking
me to lead their stock research. I asked him why for a nobody; you may be
asking the same question. No kidding.
He told me that he should have
read my book Scoring Stocks to buy Apple instead of IBM in May, 2013. It would
save his company millions of dollars minus $10 for my book. Not to mention the
market timing technique that had worked in the last two major market plunges.
I told him, "OK, I'll beat
your mediocre returns of the last 5 years."
He said, "You can do better
than that and at least beat SPY. If you do so, no one will be that stupid to
leave my fund and pay the hefty capital gain taxes."
I told him, "I cannot beat
the market as you are the market especially after your expensive fees. In
addition, I do not know how to avoid day traders from riding my wagon in
trading. Also most of my big profits were made in small stocks that your fund
cannot trade besides owning the company." I woke up trembling. I'm glad it
is only a nightmare
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