So, if you fund an "average" investor with enough money, he/she would become as successful as Buffett? This is like suggesting that anyone can become a Napoleon -- all you need is an army under your command.
It is about making choices at opportunity times where one uses mixture of sense partially based on fundamentals of reality and not the internals of the companies. Companies either take off strong, companies that stagnant and sell options, and at some point if not doing what you want in months, you take small losses and look for next ones. For every one stock bought very low and taken off, most have 4 that either bankrupts or losses taken. Buying low doesn't mean they won't go lower, just has a point to how low they will go before exchange delists them. You study people long enough, they are like charts and they have reoccurring themes.
Yes Handle and massive connections to NGOs helps as well. We talk know about the rich billionaires on one party but some seem to ignore the counterbalance in the "progressive" movement. Too bad they don't write about themselves in the official media much. Google Tides and ask who they report to and why they are so good in legal and tax issues. For truth, a trader needs to know both sides and why the other side takes that trade IMO. Patience is important which is related to humility I think. I have written in the past about my opinion of luck and skill so I don't need to repeat it here. An R test would help convince anyone who survives long enough IMO.
I find it amusing that lesser millionaires get caught for finding out inside information, and billionaires don't and yet they know more than guys who buy 100 shares of IBM. There are financials and there is the truth of what will be in the future and we won't know till long after the billionaires have taken half out of the trades. And for those who thinks Buffet and Soro lose like the rest of us, seldom, they might lose on the stock but have sold millions of options along the way. I believe they make more in option writing than buying stocks.
... and when a billionaire loses on for example some naked put options as a deal from a certain 1998 rescue event he backstopped, he calls up his employee and receives an excellent rescue deal himself - this never really happened though. He also becomes an icon to worship although he is a humble man I think. Icon Steve Jobs supposedly wrote what lies beyond success from his hospital deathbed. Power of Now says to face death before you die. Icons die as well and looking back wonder what the dream was all about and was it all worth it.
Great post,thank you very much for sharing your opinion Buffet is a really decent fella, I've read "The snowball' this is a very interesting and exciting book.