Molson Hart

Here’s an unpopular opinion: Buffett makes the investing process sound too easy because it IS easy for him to memorize huge amounts of data & do mental math needed to make decisions. It is NOT simple for most of the rest of us. And if you think it is, you will make big mistakes

Buffett can read a 10-K and he will automatically not only know what the key data points are that drive the business but he will automatically remember them. For years and years of 10-Ks. I cannot do that. You probably cannot do that. No shame in admitting that.

He’s not trying to be misleading. I think that he just finds it easy, and while he clearly knows that he has a huge edge, he probably sometimes forgets that what he is able to do very easily is very hard for most other people.

What math does Buffett do that is not possible for typical college educated people to do? Correct me if wrong but he’s combining a highly thoughtful qualitative analysis (imho the true hard part) with a look at balance sheet and earnings multiple.

I did not say that it isn’t possible.

But you did say it was hard. Can you explain why? AFAIK, he does not do a cash flow model with exponential discounting, which could be considered hard.

Because it IS hard. Investing is more than collecting data and running models. He has seventy years of judgment coupled with innate skills that the rest of us cannot hope to match. There’s a huge amount of information on Buffett that anyone can read to understand his process.