His returns from Berkshire Hathaway has averaged 19% over the last 52 years (from 1965), vs a 9.7% market return over the same period.
His 40% returns were in the Buffett Partnerships, which ran for 12 years from mid 50s to late 60s, and aren't counted in Berkshires results.
Doubling the market return rate over 52 years is huge outperformance. For an investor it's roughly doubling every 3.5 years instead of 7.5 years.
Add in the fact he crushed the market by nearly 4x a year for an earlier 12 years and his immense skill is undeniable. He would be statistically implausible if the world had trillions of investors.
His 40% returns were in the Buffett Partnerships, which ran for 12 years from mid 50s to late 60s, and aren't counted in Berkshires results.
Doubling the market return rate over 52 years is huge outperformance. For an investor it's roughly doubling every 3.5 years instead of 7.5 years.
Add in the fact he crushed the market by nearly 4x a year for an earlier 12 years and his immense skill is undeniable. He would be statistically implausible if the world had trillions of investors.