[sinanju]

Or a business model or a unique set of opportunities that he grasped and that will not come again.

Seems like Buffet became famous overnight when Berkshire went public and he became a paper billionaire. Seems like we’ve been hearing more about his mistakes ever since.

[Alberta's Child]

I think his traditional approach to buying stocks holds up well, in general. I just don't know how closely he's followed that original model of his.

Buying and holding stocks that pay good dividends is not a bad investment strategy, especially in light of the abject idiocy we saw in the 1990s when companies that made no profits whatsoever were reaching absurd valuation levels just because ignorant investors insisted on buying their shares.