In a way, he's right, you know. Buffet doesn't just buy stock, in addition to that, he buys entire companies, then runs them. That's quite a bit different than investing, what amounts to, a tiny amount of money.He's also made major mistakes, by his own statements. And he stays away from technology. He could have bought Apple years ago, but he's never done so, even though he consistently states that he admires Apple above most others.