this video is brought to you by sharesight sick of tracking your performance manually track capital gains dividends and currency fluctuations easily and when it comes to tax time have everything you need ready to go with just a click of a button try share site for free or use the referral link in the description to get four months free when you sign up to an annual plan also quick update mo's going strong seven days in and i just wanted to thank so far peter mark joel phillip senna and henry for donating as at the time of this recording we're raising money for men's mental health so if you're interested you can check out the link down in the description i'll be growing this filth all month long but with that said cloning all right put simply in investing cloning is just following the investments of great investors and making some of those investments for yourself and you might say you know how is this possible for me i'm not in warren buffett's bridge circles charlie munger never replies to my emails how will i be in on what they're buying and when they're buying it but here's the thing this is what's great for us as the little guys is that the big name investors that control more than a hundred million dollars of they have a hundred million in assets under management they have to file a quarterly NUMBER_TOKENf form with the sec within NUMBER_TOKEN days after that quarter ends and in it they have to disclose the equity holdings and this is public data in fact this right here is berkshire hathaway's most recent NUMBER_TOKENf filing and in it we can see what companies buffett holds how many shares and you know we can compare that to last quarter although in reality there are websites like you know data roamer or URL_TOKEN or whale wisdom that can automatically do that for you but yes each quarter we can tune into berkshire's NUMBER_TOKENf and see what buffett holds and what he's been buying and selling and interestingly back in NUMBER_TOKEN there was a study on how well you'd do cloning warren buffett they looked at how well a portfolio of buffett stocks would do if you only got to buy them after his NUMBER_TOKENf information became public so they analyzed the time period of NUMBER_TOKEN to NUMBER_TOKEN so a NUMBER_TOKEN-year time period and they found that on average this cloning portfolio would have averaged NUMBER_TOKEN per year in that same time period the s p NUMBER_TOKEN only averaged NUMBER_TOKEN this is the cloner portfolio and this is the s p NUMBER_TOKEN it's pretty remarkable interestingly they also found that just holding berkshire hathaway stock would have actually been the best decision to make during this time period but nonetheless this study proved the point that cloning warren buffett actually works and monish proprietor figured this out too he is a shameless cloner you know in investing there are no rules against plagiarism so why not use the best investing minds in the world and leapfrog your portfolio off of their ideas it makes sense but here's the confusing bit you should never invest in a company because somebody else has invested in it i don't care if it's jimmy down the road or if it's warren buffett ceo of berkshire hathaway you don't invest in a business because someone else bought it so let's now listen to monash
START_SPONSOR_TOKEN this video is brought to you by sharesight sick of tracking your performance manually track capital gains dividends and currency fluctuations easily and when it comes to tax time have everything you need ready to go with just a click of a button try share site for free or use the referral link in the description to get four months free when you sign up to an annual plan END_SPONSOR_TOKEN