The general wisdom is that it’s basically impossible for most people to tell the... | Hacker News

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		acchow on July 14, 2024 \| parent \| context \| favorite \| on: Nevada’s public employee pension fund invests pass... The general wisdom is that it’s basically impossible for most people to tell the good fund managers from the bad/mediocre ones. Except Warren buffet. A lot of people went with Berkshire Hathaway and did very well.

throw0101d on July 14, 2024 [–]

> Except Warren buffet. A lot of people went with Berkshire Hathaway and did very well.

Buffett has been underperforming the S&P 500 for about twenty years now:

* https://www.linkedin.com/pulse/warren-buffett-has-underperfo...

* https://news.ycombinator.com/item?id=37827101

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