Berkshire and Goldman don’t just buy-and-hold though; they are a large holding company that actively manages its largest investments and a premier financial services provider respectively.
Genius stock picks are only a part of the story. The more imitable part is finding a genuine business angle that earns the premium.
I never said they buy-and-hold (although sometimes they do—see Coca Cola and See’s candy, for example). The fact that they actively manage their portfolio shows that they are able to pick winners. What they are doing is working.
Berkshire and Goldman don’t just buy-and-hold though; they are a large holding company that actively manages its largest investments and a premier financial services provider respectively.
Genius stock picks are only a part of the story. The more imitable part is finding a genuine business angle that earns the premium.
I never said they buy-and-hold (although sometimes they do—see Coca Cola and See’s candy, for example). The fact that they actively manage their portfolio shows that they are able to pick winners. What they are doing is working.