WEB:The Oracle of Omaha- Warren Buffett

Top 35. Jun 9, 1999 11:02 AM

» Thruhiker - Michael

You asked about Cancun.

A few years ago I lived in the woods for 5 months. I drank out of springs, creeks, rivers, ponds, and lakes during that time with no ill effects.

A few years ago I also spent a week in Cancun. I had one bad day...lets just say that next time I'm sticking to bottled water. And I'm bringing my backpacking water filter with me.

I also learned that windsurfing is a whole lot harder than it looks.

-- posted by Thruhiker

Top 36. Jun 11, 1999 10:02 AM

» MichaelC_AU - Favorite Stock Market Guru

Favorite Stock Market Guru, Warren Buffett, of course. While the current Berkshire Hathaway, with its huge profile, might not continue to bring in 26% yearly, he is definitely the best.

-- posted by MichaelC_AU

http://quote.yahoo.com/q?s=BRKa&d=5ys

Top 37. Jun 11, 1999 10:36 AM

» KirkL - BRKa

Hard to beat this performance from the Sage of Omaha, Warren Buffett!

not sure how much is premium to the market vs picking great stocks, but impressive bottom line to investors which is what counts!

-- posted by KirkL

http://www.berkshirehathaway.com/qtrly/1...

Top 38. Jun 11, 1999 10:58 AM

» litab16 - It's a lot more than picking great stocks

Kirk,

For Warren Buffett it's a lot more than picking great stocks. He becomes a silent partner and is the king of long-term investing.

Here's the 1st Q99 report:

-- posted by litab16

Top 39. Jun 11, 1999 12:07 PM

» RandeS - Isn't it ironic how Berkshire Hathaway is, in the opinion of ma

Isn't it ironic how Berkshire Hathaway is, in the opinion of many, an extremely OVERvalued stock based on any and all valuation standards. It's like buying a closed-end fund at a huge premium. Why the premium? Buffett's management, of course. How old is he, by the way, and what happens to the stock if he has a severe medical problem or dies?

-- posted by RandeS

Top 40. Jun 11, 1999 12:33 PM

» litab16 - Brief Buffett Bio

Rande,

Warren Buffett is 68. Here's his brief bio from Forbes. I don't know enough about his management style, but suspect he's grooming someone. He seems too good at looking at long term issues to be ignoring that one.

-- posted by litab16

Top 41. Jun 11, 1999 12:47 PM

» RandeS - Lita,

Lita,

No doubt about that, plus the fact that he "owns businesses," not stocks. Not so much wondering about "reality," more investor perception. Since the shares appear way overvalued, one might assume there's some sort of irrational attachment to Buffett himself imbedded in the price. Not that I wish him any ill health, but it would be interesting to see what happens to the shares without the "magic."

-- posted by RandeS

Top 42. Jun 11, 1999 1:00 PM

» JenL_3 - The Buffet & Munger Show

Charlie Munger, the vice chairman of Berkshire Hathaway (BRK.A) would seem to be the logical person being groomed by Buffet. See the article that Michael posted from The Motley Fools:

The Buffet & Munger Show

...Jen

-- posted by JenL_3

Top 43. Jun 11, 1999 1:25 PM

» litab16 - Bershire Bunch

Here's a great story about Buffett and his followers from Forbes. The Buffett magic probably is priced in the stock. Charlie Munger is a big part of this magic.

-- posted by litab16