Face it: you are never going to be Warren Buffett

There are a number of ways to approach the glorious game of stock picking, but let me tell you what you already know: there is no Holy Grail and I get particularly irritated with the quotation, adulation and promotion of Warren Buffett and the idea you can do it "The Warren Buffett Way".

Face it: you are never going to be Warren Buffett LH_buffet-lead-20140408130235662726-620x349

Face it: you are never going to be Warren Buffett LH_buffet-lead-20140408130235662726-620x349

It is my contention The Warren Buffett Way and the way investors and advisers alike have skimmed the surface and pretended to apply his methods has cost the average investor more money than it has ever made them. I have no problem with Warren Buffett himself, but with the popular delusion we can and should do what he does, or at least, has done in the past.

There is hardly a man in the street who does not quote Warren Buffettisms and hardly an adviser or investment product that does not claim an empathy with his investment style. But the truth is there is only one Warren Buffett and only one person in the world that has his skill, patience, money, well-earned advantages and dedication to the task.

Read more: http://www.smh.com.au/money/investing/face-it-you-are-never-going-to-be-warren-buffett-20140408-369k8.html#ixzz2yMvVpTVM

Face it: you are never going to be Warren Buffett

Face it: you are never going to be Warren Buffett

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