Warren Buffett is a living legend.
I don’t really need to expound on the Oracle of Omaha’s accomplishments in the realm of finance and wealth acquisition…
Because the man’s net worth of over $100 billion pretty much says it all.
But at 90 years of age, I believe Buffett has outlived a few of his core philosophies…
And that trying to emulate him in these regards is a huge mistake.
First, let’s talk about the man’s diet.
Buffett’s eating habits have reached legendary status in their own right…
For all the wrong reasons.
Warren famously starts every day with McDonald’s breakfast…
Munches on salty, sugary, trans fat-laden fast-food burgers, hot dogs and candy throughout the day…
And washes it all down with roughly five cans of Coke every single day.
I think my blood pressure spiked 20 points just typing that out.
Buffett’s logic behind this trash-can diet?
“I checked the actuarial tables, and the lowest death rate is among 6-year-olds, so I decided to eat like a 6-year-old.”
Quite the head-scratching statement from a man of such status.
Ok, ok… enough bagging on his clearly misguided nutritional habits.
What I’m really here to take issue with is Buffett’s core investing philosophy.
… Which, as you may already know, is rooted in value investing.
Value investing essentially comes down to finding stocks that are selling for less than what they’re intrinsically worth.
At the heart of this method is fundamental analysis.
But here’s the problem…
The modern-day market doesn’t give a rat’s you-know-what about fundamentals.
Don’t believe me?
Just take a look at what happened to Apple last week.
The tech behemoth reported absolute blowout earnings, smashing expectations on virtually every metric possible.
Year-over-year revenue was up 54%… on a $2 TRILLION company.
With those kinds of rock-solid fundamentals, you’d think shareholders were holding a one-way ticket to the moon.
But what actually happened?
Apple stock went DOWN.
I mean, if that ain’t proof that this isn’t your dad’s — or Warren Buffett’s — stock market anymore, then I don’t know what is.
Look, fundamental analysis is as good as dead.
Traders in this environment need to adapt their strategies accordingly…
Matter of fact, traders using this technique had the opportunity to close down a 318% gain yesterday after just six weeks in the trade.
… And they’re rolling those profits into a brand new opportunity that just triggered.
So if you’d like to learn more about this modern-day method for finding fast-moving opportunities you can use to compound your earnings (one of Buffett’s tenets that still holds water)…