### Comment:
Considering he sat on a couple hundred billion in cash and completely missed the rise of Apple, Amazon, Google, Netflix, AMD, Square, Visa and nearly everything else that did well in the last ten years I don’t see how he is so lucky. Would you have rather followed him into HP, Phillips 66, Dairy Queen and Coca Cola? I think not. He is well past his prime and needs to retire. He used to be great. But that was then.

### REPLY:
His basis for this was some research he and a colleague did. They came to the conclusion that if you generated 4000 random portfolios with 20 stocks in them, 1 of them would replicate/beat Buffett’s returns. Their little joke from this conclusion is 1/4000 monkeys could replicate Buffett’s returns.  
  
 Edit: to be fair, his whole career as been in academia and he got his PhD from LSU (he ain’t no HBS or Wharton guy), so his findings could definitely be incorrect.

### END.