David Rosenthal: prediction

Transcript context

…What, A, A plus? Has anyone else been investing over this period of time? I don't even know how to compare it to anything similar. He outlasted everyone. Yeah, he outlasted everybody. I wrote down A. Here's my rationale for an A. We can debate if this holds. My rationale for an A versus an A plus was that I think we will probably see better investors in our lifetime than Warren in the past. I think that's just a natural consequence of the numbers getting bigger over time and the world moving faster and there being more change. It depends what you mean better investors, because I actually don't think so, depending on how you think about this. I'm not sure that you can do what Warren did over his career with the career starting today without taking on a lot more risk or a lot more leverage. It's just so competitive to be an investor now. I suspect if we set a million people free over the next 70 years, there will be someone who outperforms Warren, but they will have done it with a lot more risk involved. There's a lot more luck in being the one of those million that does better than him.…

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