Great article! Yet, looking at your table.. for me the conclusion is different. As demonstrated by the numbers it makes more sense to focus on not loosing money, meaning to have as many winners as possible, rather than focusing on having big winners (like you said, what Buffet did). From a logical point of view there are not many home-run investments and if you are lucky enough to find one it is often not well predictable. A lot of people nowadays are looking for multibaggers rather than focusing on dead-boring cheap companies who return above average with a high chance.
Great article! Yet, looking at your table.. for me the conclusion is different. As demonstrated by the numbers it makes more sense to focus on not loosing money, meaning to have as many winners as possible, rather than focusing on having big winners (like you said, what Buffet did). From a logical point of view there are not many home-run investments and if you are lucky enough to find one it is often not well predictable. A lot of people nowadays are looking for multibaggers rather than focusing on dead-boring cheap companies who return above average with a high chance.