Originally Posted by Trip7

Not sure why you believe 12% is some sort of unachievable return for pilots. To be in the realm of Warren Buffett a pilot will need to average well in excess of 20% returns over a career. Please don't quote Berkshire Hathaway recent returns from their multi billion dollar operation that has far less options with that sum of money vs a small individual investor.

Warren Buffett as a small individual investor achieved 50% IRR. Peter Lynch achieved 29% IRR over 10 years managing the Fidelity Magellan Fund. Joe Greenblatt averaged 49% returns managing the Gotham Partnership. Lynch and Greenblatt both retired when their funds grew to big to generate excess return from the S&P 500. All of them have wrote books detailing their investment process in a simple, easy to understand format. All say the same thing, investing is not difficult, does not require some sort of high IQ, just basic math and emotional stability.


​​​