Buffett himself said that intrinsic value will differ since it has a judgement component. Judgement is developed thru experience. Also there is a circle of competent that differs. The outcome varies.

In addition, humility is rare in investors. Smart people have tendency to delude themselves better. 

Berk also has an advantage that we don't have. Insurance float. That amps up Berkshire's performance. 

It is rare to have that combination of skills and setup. 

# Why are Buffett's investments "simple but not easy"?

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  • Assassin008
    ·2022-04-26
    That is why not many can match Buffet’s performance
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  • AnT
    ·2022-04-26
    precisely
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  • HLPA
    ·2022-04-26
    great one
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  • Ellyelvc87
    ·2022-04-26
    [开心]
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  • terry26
    ·2022-04-26
    good
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  • regine24
    ·2022-04-26
    hi
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  • kero96
    ·2022-04-26
    .
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  • Soonsoon
    ·2022-04-26
    [微笑]
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  • ewan0907
    ·2022-04-26
    😊
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  • Katchoong
    ·2022-04-26
    Ok
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  • 60ec1805
    ·2022-04-26
    [微笑]
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  • YP
    ·2022-04-26
    K
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  • Reds2007
    ·2022-04-26
    Ok
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  • Reply
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  • Jogina123
    ·2022-04-26
    Ok
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  • Vincenttan91
    ·2022-04-26
    Nice
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  • K_C_Ming
    ·2022-04-26
    [微笑]
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  • Bioman21
    ·2022-04-26
    True
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  • mickt
    ·2022-04-26
    buy
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  • AlfonsoDex
    ·2022-04-26
    ok
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