[RWebb]

I can't believe nobody mentioned his insurance business. That is one key factor that lifts him above other outstanding genius value managers.

How do you get money to invest when the market is low??

You don't. But Buffett always has a huge cash flow coming in from the insurance side. So he always has lots of $$ when investors are fleeing and other stocks are low...

That is what hurts others, but the insurance $$ flow buys him immunity at just the right time to buy undervalued stocks.