Enduring value guardian
Buffett's senior apprentice“Only after multiple market cycles, the test of bull and bear transitions, and the ability to consistently achieve returns that exceed the market, can success be more likely attributed to investment ability rather than luck.”
Law of Large Numbers Investment Method
I was thinking about how to explain investment in a simple way, and I really came up with something, a very simple way to explain it. Okay, let's use one; since most people should have taken math classes, I think this is easier to explain using the law of large numbers in investment. Simply put, the law of large numbers states that when the number of random trials is sufficiently large, the average of the results will increasingly approach a stable expected value. Here’s an overused illustration: flipping a coin—you flip it once, and it could be heads or tails, a very random outcome. Flip it 10 times, and you might get 7 heads and 3 tails...
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