‘Buffett really was not a great stock picker’: Financial researcher Larry Swedroe on how investors can emulate the billionaire…
Larry Swedroe, who is considered one of the market's most esteemed researchers, thinks Warren Buffett's investment style doesn't work well anymore.He cites the number of professional Wall Street firms and hedge funds now participating in the market."Warren Buffett was generally considered the greatest stock picker of all time. And, what we have learned in the academic research is Warren Buffett really was not a great stock picker at all," Swedroe told CNBC's "ETF Edge" this week. "What Warren Buffett's 'secret sauce' was,…