What Warren Buffett thinks of most stock pickers?
How Warren Buffett narrowed down most stock pickers: People treat the stock market as a casino in placing massive bets on the direction of stock prices. Institutional investors sell themselves to masses as highly skilled stock pickers. Parading on their year’s performance as advertising for the public’s short sightedness eager to get rich quickly. Stock pickers are quick with buying on good news and then jumping out on bad news. If the stock doesn’t move within a couple months, they sell it and go onto looking for something else. What Warren Buffett looks for: Steady 10 year EPS growth Leading economic moat The company has a competitor advantage over its competitors