OPINION

Even Warren Buffett makes statistical errors

News, Published on 24/05/2025

» One person you wouldn't expect to hear tout a statistical fallacy is Warren Buffett, but the legendary investor appeared to do just that at the recent Berkshire Hathaway annual meeting, a reminder of just how easy it is to fall into statistical traps. While speaking at the annual meeting in early May, Mr Buffett commented while holding up a can of sugar-laden soda: "For 94 years I've been able to drink whatever I want to drink. They predict all kinds of terrible things for me, but it hasn't happened yet ... Charlie [Munger] and I never really exercised that much or did anything -- we were carefully preserving ourselves for these years."