re: Why is Warren Buffett so revered?

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He comes from the school of “find companies that are massively cheap by any measure and buy them.”

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While he certainly was a Benjamin Graham disciple, WB had his most successful investments buying companies he understood the long term economics of like American Express, CocaCola, and the like.

He used the idea of investing in a great company at a reasonable price.

Graham was more from the “used cigar school.” Think Sequoia Fund.

WB said many times that finding ideas for a million dollar portfolio is easier than deploying $500,000,000,000 of capital. Markets move when positions are entered at that size. He did use put options at times to try to enter positions gradually, but to make a material difference at Berkshire lately, the investment would have to be in the $50,000,000,000 range at minimum.