Someone made quite a good point on RM's blog: "Value.able would...

Someone made quite a good point on RM's blog:

"Value.able would have looked very good in the 2000s during the bull market (law of averages would say that most methods look good in a bull market as long as a simple diversification policy is followed). The real test of value.able will be in a bear market. Value.able seems very good at identifying a quality company in the present but doesn?t seem any better than tossing a coin in identifying a quality company that is likely to remain high quality for long periods of time??and isn?t THAT what differentiates Buffett from the rest?"