{"id":227,"date":"2020-03-17T23:43:11","date_gmt":"2020-03-17T22:43:11","guid":{"rendered":"http:\/\/finance-chikh-grandin.com\/?p=227"},"modified":"2020-03-17T23:43:12","modified_gmt":"2020-03-17T22:43:12","slug":"warren-buffett-larbre-qui-cache-la-foret","status":"publish","type":"post","link":"https:\/\/finance-chikh-grandin.com\/?p=227","title":{"rendered":"Warren Buffett, l\u2019arbre qui cache la for\u00eat ?"},"content":{"rendered":"\n<p> Warren Buffett[1] est souvent cit\u00e9 parmi les investisseurs les plus talentueux de la plan\u00e8te. La plupart des commentateurs et de ses admirateurs mettent en avant son talent de stock-picking qui serait d\u00fb \u00e0 sa capacit\u00e9 \u00e0 garder la t\u00eate sur les \u00e9paules et ne pas subir les effets de mode. Ses performances r\u00e9p\u00e9t\u00e9es depuis 40 ans font de lui un mythe et semble venir s\u2019inscrire en contradiction avec l\u2019hypoth\u00e8se d\u2019efficience des march\u00e9s selon laquelle il n\u2019est pas possible pour un investisseur de les battre avec r\u00e9gularit\u00e9. La question se pose donc de savoir si ses performances peuvent \u00eatre attribu\u00e9es \u00e0 son talent ou au hasard. Diff\u00e9rents regards ont \u00e9t\u00e9 port\u00e9s sur cette question. <em><strong><a rel=\"noreferrer noopener\" aria-label=\"T\u00e9l\u00e9charger la note compl\u00e8te (opens in a new tab)\" href=\"https:\/\/finance-chikh-grandin.com\/wp-content\/uploads\/2020\/03\/Warren-Buffett-larbre-qui-cache-la-for\u00eat.pdf\" target=\"_blank\">T\u00e9l\u00e9charger la note compl\u00e8te<\/a> <\/strong><\/em>  <br><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>[1] Il est souvent fait r\u00e9f\u00e9rence \u00e0 Warren Buffett alors qu\u2019il est associ\u00e9 \u00e0 Charles Munger depuis plus de 40 ans. La performance de leur soci\u00e9t\u00e9 Berkshire Hathaway leur est donc attribuable \u00e0 tous les deux.\u00a0 Il n\u2019en reste pas moins que Warren Buffett \u00e9tant le plus m\u00e9diatis\u00e9 des deux et de loin le plus fortun\u00e9, nous ferons r\u00e9f\u00e9rence \u00e0 lui essentiellement dans cette note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett[1] est souvent cit\u00e9 parmi les investisseurs les plus talentueux de la plan\u00e8te. La plupart des commentateurs et de ses admirateurs mettent en avant son talent de stock-picking qui serait d\u00fb \u00e0 sa capacit\u00e9 \u00e0 garder la t\u00eate sur les \u00e9paules et ne pas subir les effets de mode. Ses performances r\u00e9p\u00e9t\u00e9es depuis 40&#8230;<\/p>\n","protected":false},"author":2,"featured_media":230,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classe"],"_links":{"self":[{"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=\/wp\/v2\/posts\/227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=227"}],"version-history":[{"count":7,"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=\/wp\/v2\/posts\/227\/revisions"}],"predecessor-version":[{"id":238,"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=\/wp\/v2\/posts\/227\/revisions\/238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=\/wp\/v2\/media\/230"}],"wp:attachment":[{"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance-chikh-grandin.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}