"Investing is simple" - Warren Buffett

We analyze Warren Buffett's exceptional investment success, debating whether it stems from extraordinary skill or mere statistical luck. Statistical analyses demonstrate the extremely low probability of his consistent market outperformance being purely random, suggesting significant skill. However, the sources also acknowledge skepticism within the academic community and the difficulty of replicating Buffett's methods, which involve qualitative judgments alongside quantitative analysis. We explore Buffett's investment philosophy, emphasizing value investing, long-term perspective, and careful selection of businesses with durable competitive advantages. Finally, we discuss elements of Buffett's approach through software like Conscious Investor are presented and discussed.