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Billionaire Terry Smith lists 5 reasons why Warren Buffett’s success can’t be replicated
Billionaire Terry Smith, often called "the English Warren Buffett," argues that replicating Buffett's success is impossible today. He cites Munger's influence, leveraging insurance float, and Berkshire's closed-end structure as key advantages. Smith also points to a changed regulatory environment and the dominance of ETFs as barriers.
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