Who said he is on Wall Street?
I said, that "the vast majority of people within wall street barely have time to "get out and get in" a good meal throughout the day". The nature of the work that he does goes hand-in-hand with what is done on a daily basis in Wall Street. Due to the nature of the work done, you barely have time to breathe, let alone get a good meal in.
Regarding there being "so much hype" surrounding Buffet, it's deserved. The man has led one of the most successful financial holding companies in American History (Berkshire). Berkshire, under his command, has grown their book value by just about 20% each year for the last 45-50 years. They have diversified into owning shares of well over a dozen other companies AND Berkshire has managed to beat the S&P's rate of return since the late 60's. I don't think anyone even comes close.
So, about the hype.... yeah, it's warren-ted.
"1"
Hell, some here probably claim to do 20% a WEEK - with nary a losing trade ever, of course.
http://www.thebuffett.com/performance.htmlHe lost $ a couple of years, underperformed the S&P several years, and never once even broke triple digits. Guy sucks!..
Buffett does not manage the companies he invests in or buys. He's a "whie knight" who buys companies he likes. Even the activist shareholders (corporate raiders) like Ichan, Ackman, Loeb, and others don't actively manage companies they buy - they typically (not always) shake up management and boards, often getting CEOs and other top execs and even entire boards replaced.
