看不懂的SOL|Oct 19, 2026 08:26
What is the investment success rate of stock god Buffett,
The truth may be so low that it exceeds the imagination of our brothers.
How many truly excellent investment decisions does Buffett have?
Many people may guess, at least half of them.
After all, he has managed Berkshire Hathaway for decades and made so many classic investments.
If the success rate is not high, how can one become a stock god?
The real answer is unbelievably low.
4%.
There have only been 12 truly good ideas in these decades.
Buffett has repeatedly admitted that most of his decisions are just average, and some bad decisions even rely on luck to avoid disasters.
Only about 12 particularly good decisions truly bring satisfactory results.
There is only about one every five years.
Indian stock guru Paboli also mentioned in an interview that Buffett may have bought over 300 stocks in recent years. If we include those 12 particularly good decisions, the hit rate is only about 4%.
Pablei is not mocking Buffett, he is a loyal follower of Buffett, a one-to-one replica of Buffett, and has a strong record.
But this 4% is very interesting.
The ultimate success of a person does not necessarily depend on how many times they have done it right.
A few truly important decisions may directly overshadow a large number of ordinary or even failed decisions, covering up a hundred ugliness with one white light..
This also explains why the market is mostly garbage time.
Don't be fooled by how lively others are jumping up and down, this market trend, that trend.
I always feel like if I don't chase something or catch something, I'm missing out on the times.
It's really unnecessary.
From Buffett's perspective of over fifty years, a truly good opportunity only appears once every five years.
Most of the time, it's garbage time, and he's also sitting on the bench.
So, his restraint on action frequency is worth learning from.
Don't look at three hundred decisions, if they are spread over several decades, there are actually not many in a year.
Assuming there are only twenty times in your lifetime when you make a phone call, you will think about it for a while every time you make a decision.
The more frequently you buy, the less thought is given to each decision.
Today chasing a hot topic, tomorrow changing the logic, the account looks very diligent, but the truly accumulated common sense is getting less and less.
Some people trade hundreds of times a year, but when they look back, they can't tell which judgment comes from the company and which one is just driven by price.
What is important? The important thing is that when the opportunity comes, you are still on the field, you are still at the table.
That's the 96% of average or incorrect decisions, don't let it discourage you.
A mediocre decision should not seriously damage your vitality.
Even if you make a mistake once, you cannot go bankrupt, liquidate your position, and exit the market from then on.
You have to keep yourself at the table all the time. In this way, when a few truly valuable opportunities come to you, you have the funds and the spirit to make your own judgments.
This is also the true and simple meaning of "ability circle" and "safety margin".
Also, don't use leverage.
They don't guarantee to be right every time, just try to avoid being eliminated directly when you're not smart enough, make mistakes, or the market doesn't give you face.
So that you can always wait for opportunities at the card table.
Of course, there is another important point, when the opportunity arises, you have to make a "heavy bet".
Otherwise, good opportunities will become mediocre opportunities.
Don't simplify this statement. The prerequisite for placing a heavy bet is that you have controlled the risk well. Through your research and analysis, as well as your business understanding, you have identified this as a once-in-a-lifetime opportunity.
Instead of a hot headed spear, this is not called heavy betting, this is called gambling.
The outcome of the two will inevitably be vastly different.
And Buffett's so-called 12 good decisions, there is another layer that is often overlooked.
Buying is just the beginning.
There are many people who have seized opportunities with well-known classic cases such as Xi Shi Candy, Coca Cola, Apple, and Buffett.
Very few have been captured.
Being able to become a decisive achievement does not depend on how beautiful the day of purchase is. The company continued to grow and held for a long time, gradually becoming a pillar of Berkshire Hathaway.
That is to accompany the growth of high-quality enterprises, accompany them all the time, in order to make continuous profits.
So what ordinary people should worry about is not whether they can buy Chinese bull stocks, but whether they can hold onto them.
The process of this journey is very bumpy, and ordinary people can easily get off the car.
So what's really difficult is: being willing to sit on the bench, cherishing opportunities to take action, daring to take action when good opportunities arise, taking calculated risks, and being able to hold onto them after buying, allowing correct judgments to be realized over time.
This process is slow and agonizing.
It may even make you look a bit dull and silly for a long time.
What is truly scarce in the market may never be the next hot topic.
After enduring the garbage time, you are still in the field; When opportunities within one's own ability circle arise, one can make judgments and there is still room for improvement.
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