Re: Four Ways To Use My Ideas
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What if someone asked that of Buffett when he was forming his first partnership?
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He'd point to a personal history of 30%+ annualized returns, and his similar work record at one of the top investment partnerships on Wall Street. And he'd point to people who were also using Graham's philosophy to make outsize returns on Wall Street and off. And this would be in 1956.
So while a lack of audited financial history doesn't disqualify David's theory, it would be stronger if it was supported by some empirical evidence rather than a lofty sky castle built from pure logic.
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