Some people have claimed that Warren Buffett made all his money from the 80’s and 90’s bull market. He happened to be at the right place at the right time, they say.

If so, how come nobody came close? There were lots of people at the right place and right time like Buffett. They are what we call baby boomers!

It really isn’t about bull markets that Buffett made his money. He started out in the early 70’s. (The secular bull market started over 10 years after that).

The first few years, he was making 50-100% returns per year.

So if he were to do a redo, his results wouldn’t be that much different 40 years later.