"It’s a widespread case of the Warren Buffett disease taking hold of Wall Street. I’ve theorized in the past that a horrible myth has overcome Wall Street. The Myth of Warren Buffett. This is the myth that you can beat the market by picking value stocks and just buying and holding. Just like old Warren does! Except, that’s not at all what Warren Buffett does. Buffett runs one of the most complex multi-strategy investment portfolios that exists in the world. It’s essentially a dynamically leveraged option writing, dollar cost averaging, active management, distressed asset approach."