[ThomPete]

Again I understand perfectly well what you don't seem to understand is that you are taking an anomaly trying to make it a rule.

Many people were predicting they would be rich were wrong. Again survivor bias.

And no he wouldn't have beat it in any market which is also why he didn't really invest in other markets and mostly advice people to do it.

But it doesn't really matter because Buffet is not useful for anything in this discussion which was about whether luck and timing played a crucial and defining role in companies success. Pointing to Buffet or Gates makes absolutely no sense what so ever anyone who invested in the US market the last 50 years would have gotten out on the good side. Just because they didn't made as much as Buffet doesn't change that fact.

You are missing the point entirely because you think that I am saying that luck and timing are the ONLY things that matter.

What I actually said was that out of the talented people there are, luck and timing become the defining factor not superhuman abilities to predict the market. The same reason the VC community in general is doing really bad and even companies like YC are mostly wrong.

There are no secrets to success. They are mostly unique stories not formulas which means they are mostly about luck and timing NOT about talent as there are plenty of talent out there.