What Warren Buffett thinks of most stock pickers?

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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

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