No. of Recommendations: 5
Interviewer: “So you had one really smart person who generously shared his views on investing , generally, and on individual stocks that he liked (or disliked). Why did you cherry pick what sounded to you like ‘the best ideas’?
Mr.Copycat: “He sounded smart”.
Interviewer: “Did you mimic said investors entire portfolio so that said stock pick would incur the risk said smart investor assumed in relation to that sector, that asset category, and that overall asset mix?”
Mr. Copycat: “No. Smart investors are usually right”.
Interviewer: “you mean like Warren Buffett, with the most significant investment ever, the one he named his company after: Berkshire Hathaway? The textile business? Would you have followed Buffett. Into Berkshire, or—more safely—into a US textiles Mutual Fund?”
Mr. Copycat: No.
Interviewer: “Would you have invested in US Air? Then after Warren said “please give me a support help line to call if I ever get tempted to buy an airline” Buffett later loaded up on multiple airlines including one that needed to sell 3 weeks of full seats a month just to fund its debt? Would you have followed him?”
Mr. Copycat: “Again. Obviously not, I know good Buffett from bad Buffett. Those who copy smart copy well”.
