Warren Buffett managed to consistently outperform other investors by adhering to a simplistic lifestyle, running his life like a business, and thinking independently. He didn't care about what others thought of him, which allowed him to make decisions based on his own analysis and understanding, rather than following the crowd. This independent thinking and business-like approach to life and investing are key factors in his consistent success.
When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impos...
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