WEB:The Oracle of Omaha- Warren Buffett
- JenL_3
- TONYBRIG
- MichaelC_AU
- MichaelC_AU
- TONYBRIG
- SteveT
- Hugs
- SteveT
- RandeS
- RandeS
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» JenL_3 - Warren Buffet
These posts copied from the "Kirk's Market Thoughts thread:Author: ron
Date: August 9, 1999 5:51 PM
Subject: Warren Buffet ?
You know what has always puzzled me about Mr Buffet is that he must be a genius in his own right and my curiousity about him is if he doesn't understand MSFT or anyother tech co why doesn't he EDUCATE himself. Maybe he has so much money he doesn't want to take valuable time.
Just my 2 centavos. Ron
Author: JohnK_6
Date: August 10, 1999 7:08 PM
Subject: Warren B
ron-
Have you read the book "Buffetology". It is written by an outsider but got me to understand the "future value" calculations Warren looks at and got me to purchase a financial calculator for the first time. Check your local library.
John Kosian
Author: ron
Date: August 10, 1999 8:28 PM
Subject: Buffy !
John, Thanks for the tip. Why do you suppose he has a block on tech? I'm just curious. He obviously runs circles around me.
Author: KirkL (Kirk Lindstrom)
Date: August 10, 1999 8:33 PM
Subject: Hands on
Hands on
WB seems like a hands on sort of guy.
Has a sweet tooth so likes See's candy and Dove bars.
Probably has bashed a few cars so insurance is something he can get a handle on.
Microprocessors and software? Can't eat those or use them to recover a loss.
Lynch says invest in what you understand. WB does well enough so might feel he has enough on his plate and doesn't need to expand. Good enough for me.
Still....makes you wonder. People sure put him on a pedestal too. I hear annual meetings are like revivals!
Kirk Lindstrom - Editor: Investing and Personal Finance
-- posted by JenL_3
» TONYBRIG - Dont understand Msft
Whats there to understand?Maybe b4 he didnt understand it but with all this
computer world he should get it by now.
Michael Murphy disagrees with him about not
investing in what yo dont understand. Says you dont have to understand how a chip works to
buy Intc.
Sounds like Buffet should read Dianetics to see
why the mental block.
But I wish I had it and his $.
vbolhh
-- posted by TONYBRIG
» MichaelC_AU - It it the "Sage of Omaha"
I think I last heard WEB referred to as "The Sage of Omaha"-- posted by MichaelC_AU
» MichaelC_AU - What incentive is there to learn about techs?
What incentive is there to learn about techs? To Buffett there are far more undervalued furniture stores, fast food chains, and insurance companies to even consider an overhyped speculative industry like technology companies.Peter Lynch in "One Up on Wall Street" even says the more boring a company is the more likely it is to be undervalued.
-- posted by MichaelC_AU
» SteveT - Tony
A few thoughts about Mr. Buffet. We all have different temperaments and comfort levels. I have heard much attributed to Mr. Buffet, we all have heard it. The one thing that I remember most to paraphrase. Try to use your common sense to figure out future trends and throw you money in front of a trend rather than chase it. In the long run it seems like sound advise-- posted by SteveT
» Hugs - Steve
The jist of it fits a mental picture, with the exception of the word "throw". I can't imagine Buffet "throwing money" at anything, although "placing" money makes perfect sense. However, given the widespread shortage of common sense, it's quite likely that either would work well yoked with it.Hu
-- posted by Hugs
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