You should read some of Buffett's voluminous writings. There is nothing like a lottery going on, he's the most skilled investor the world has ever created.
In his twenties and thirties he ran the Buffett Partnerships and averaged around 35% a year returns, over 13 or 14 years, beating the market by a massive amount.
He retired around age 40, then bored went back to full time work running a company he controlled, Berkshire Hathaway. At one point he had beaten the market all but a couple of 50 years.
In his shareholder letters he describes very clearly how he does it. Its a combination of being an excellent value investor, understanding which companies have competitive moats, and working very hard at reducing negative psychological biases.
We can't be as good as investor as WEB, but reading and understanding his shareholder letters will make you a much better one in anything you do (buying a house, car, etc), and understanding the psychological biases that drive you to bad investing decisions can be applied in many areas.
In his twenties and thirties he ran the Buffett Partnerships and averaged around 35% a year returns, over 13 or 14 years, beating the market by a massive amount.
He retired around age 40, then bored went back to full time work running a company he controlled, Berkshire Hathaway. At one point he had beaten the market all but a couple of 50 years.
In his shareholder letters he describes very clearly how he does it. Its a combination of being an excellent value investor, understanding which companies have competitive moats, and working very hard at reducing negative psychological biases.
We can't be as good as investor as WEB, but reading and understanding his shareholder letters will make you a much better one in anything you do (buying a house, car, etc), and understanding the psychological biases that drive you to bad investing decisions can be applied in many areas.