Nassim Taleb says there isn't enough evidence to show that Warren Buffett's skill, and not his good luck, is responsible for the billionaire's enormous investing success over the decades.
Taleb is the author who gained fame and fortune writing about 'Black Swans' and the impact of other improbable events ahead of the subprime mortgage market's collapse.
"I don’t want to spend too much time on Buffett. George Soros has 2 million times more statistical evidence that his results are not chance than Buffett does. Soros is vastly more robust. I am not saying Buffett doesn’t have skill—I’m just saying we don’t have enough evidence to say Buffett isn’t doing it by chance."
An expanded paperback edition of Taleb's Black Swan is scheduled for release in May.
When the original version was published in 2007, Bloomberg Magazine summarized its message as, "We're all blind to rare events and routinely fool ourselves into believing we can predict risks and rewards."
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