No, Barstool Sports' David Portnoy Is Not 'Better at the Stock Market' Than Warren Buffett
The value-minded stock-picking approach that Warren Buffett -- the world's most consistently successful investor -- uses to pick stocks is rarely critiqued, publicly or privately. That is, until recently, when it was challenged by a guy who's only been in the market for four months.
That guy is David Portnoy, the founder and chief of the often-controversial sports blog website Barstool Sports. Barstool Sports also dabbles in sports betting, but with most sports shut down right now due to the coronavirus, Portnoy has taken to day trading. He feels he's pretty good at it too, saying several days ago in a video posted on Twitter: "I'm being modest when I say I'm the world's greatest day trader. My unlimited money has upgraded to infinity money." A few days later he argued: "There's nobody who can argue that Warren Buffett is better at the stock market than I am right now. I'm better than he is. That's a fact." Other comments Portnoy made about Buffett aren't quite suitable for print.
And to be fair, David Portnoy probably has logged some of the fantastic returns he's been touting of late. The market has made pretty incredible moves just since March's low, with the S&P 500 rallying 44% from that low to last week's high. A handful of names fared even better. It's certainly been possible.
Source Fool.com
