The most difficult aspect of investing is actually consistency. If it’s short-term, achieving good results in six months or a year can be reliant on luck, market trends, or even a couple of correct bets, which could potentially yield 50%, 100%...
However, very few people can maintain high returns continuously for 5–10 years or even longer. Buffett's strength does not lie in short-term bursts, but in endurance, with almost no catastrophic losses. His annualized return rate is not outrageous (~20%), but it has been consistent for over 60 years.
