FinancialAdvisor's College Class (FACC)

[AnderL]

You should go look back at Warren Buffets career then. That is all he did in his early years as a trader. Lol, you really think he made all his money trading his value method? You have to ask yourself now why would a successful trader expose his best practices to joe investors and have his traders get beaten to the punch by these little guys.

If you look back at some of the historical information about him you will see that as a financial advisor he would not allow his clients to know what he was trading or how much ahead or behind they were. He would take their money and guarantee that they would bring in some 20-30% per year. He would take a 5-10% commission, no flat fee, only if he could bring in that 20-30%. I don't know the exact numbers but I know that his commission rates where high but he could year for year bringing those double digit numbers. His trading practices involved a lot of derivatives and shorting that involved high risk plays. If his clients knew what he was doing with their money they would have jumped out of high rise windows.

That value junk he puts into books is just safe plays for joe investor because he could not in good confidence tell people to take on the risk he once did. Now a days his trading has softened as he doesn’t have the energy to trade the way he did in his youth. People think they know Warren Buffet because they read a few best seller on him.