The Children of Warren Buffett
26 August 2010The children of Berkshire Hathaway’s (BRK-A) (BRK-B) Warren Buffett, were interviewed for National Geographic.
Posts Tagged ‘warren buffett’The Children of Warren Buffett26 August 2010The children of Berkshire Hathaway’s (BRK-A) (BRK-B) Warren Buffett, were interviewed for National Geographic.
Another market crash coming?16 August 2010
Tony Robbins (yes the big teeth motivational guru) recent issued a caution alert to market participants. He said that something big is coming that will cause this market to plunge once again. He issued a similar alert back in the middle of 2007 which turned out to be very prophetic. Now, Robbins isn’t an economist or guru investor or trader, but he does have clients who are highly respected fund managers. So he is “inside information”, so to speak. Watch the video and be prepared, whether he turns out right or not this time. Wrong or right, you should be able to profit. I don’t think you should be completely out of the market, because what if he’s wrong? If he’s wrong, most people will be left out and the shorters will be slaughtered. But if he’s right, make sure you’re in the best stocks and you have cash to buy more during bloody times. That way, you win regardless of the outcome. That’s what Warren Buffett loves, winning regardless of the direction of the market! But again, don’t tell the bears; they’re mathematically-challenged. Warren Buffett on Chocolate and Candy14 August 2010The following video of Berkshire Hathaway’s (BRK-A) Warren Buffett, gives great insight into how he thinks before making an investment, how he created value added for the company, and increased sales substantially. No wonder why he is a billionaire and top trader and investor. In the video, he discusses his purchase of See’s Candies, which operates over 200 retail shops in the western United States. You will also see Buffett’s sense of humor. If you have never had See’s Candies, you need to try some at your first opportunity. You will love the peanut brittle, my favorite. If you think there are investment opportunities with other candy companies, here are a couple worth looking at. Hershey (HSY), founded in 1894, is the largest manufacturer of chocolate in North America and one of the largest chocolate and candy companies in the world. Hershey’s Kisses were invented in 1901 and their chocolate chips were introduced in 1928. The stock has a P/E of 22, a forward PE of 17, with a flavorful yield of 2.8%. It sports a PEG ratio of 2.39. Tootsie Roll Industries Inc. (TR) is known for its ever famous Tootsie Rolls. It also produces Apple Pops, Charms, Sugar Daddy, Sugar Babies, and Tootsie Roll Pops. The stock has a P/E and forward PE of 26 and sports a yield of 1.3%. Mr.Warren Buffett :Buy and Hold -Failed09 August 2010
From the wires today:
From Buffett himself in 2002:
From Bloomberg recently:
Buy and hold? Buying strong businesses? Derivatives are weapons of mass destruction? Bailouts of many of the components of BRKA? Does anyone have the cajones to criticize Buffett? There has to be at least one emasculated weenie out there who will come on here and tell me that I can’t criticize America’s wealthiest just because he is rich. Right? The Buffett myth is just that — a myth. If not for the fall 2008 bailouts, he would be on the senior circuit revising history along with Greenspan. Why my stark view on this lovely sunny morning in beautiful Southern California? Cause no matter how many books populate Amazon, all preaching about how you can become the next Buffett, they are all disingenuous fairy tales. Benjamin Graham Quotes03 August 2010
Seven surprising things you may not know about…29 July 2010
1. Buffett set goals young. (He really started, really young)Buffet began obsessing over numbers as a child. He raced marbles with a stopwatch and calculated the lifespan of hymn composers when six-years old. He sold chewing gum at seven and Coca Cola when he was eight: the same year he began wearing a money-changer on his belt.
The takeaway: The power of compound interest takes years to work its magic. None of us has a time machine, so the main lesson is not to delay a day when investing for the future. 2. Buffett bought his first stock when he was 12-years oldWarren put everything his schemes had earned him into a stock, Cities Service Preferred, when he was 12. He also enrolled his sister, Doris.
He paid $114.75 dollars for three shares, and watched the stock price fall from $38.25 to $27 a share. His sister Doris was not happy. When Cities Service went back up to $40, he sold. He made $5 a share profit, and got Doris off his back. After he sold, the stock rose to $202 a share. Takeaway: We all learn the same lessons. Buffett’s business partner Charlie Munger says that because Warren started thinking about odds, stocks, and goals before he was a teenager, he’s years ahead of the rest of us. I used to watch share prices rise and fall on the Teletext TV service when I was 11 or 12. At the same age Buffett was learning real-world lessons on holding shares through a slump and selling too soon. You’ll only discover whether you have the stomach to invest through a bear market or whether you’ll be sucked up by the next property bubble by being an active investor. Start with small sums, sure, but don’t delay that start. 3. Buffet lied, shoplifted, and played truant as a kidThis one was a real surprise. As a teenager Buffett revealed a wild streak. He says:
Takeaway: Even Buffett had to learn to be Buffett. I don’t know about you, but I found this heartening to read. Together with discovering that Buffett was a shy child who enrolled himself in Dale Carnegie’s public speaking course, it made him seem more human. It’s easy to feel you haven’t got what it takes to make money. Some are born special, you might conclude. But Buffett’s history shows that even the world’s richest and most admired investor had to iron out his kinks. Buffett’s history also makes me proud to be an outsider. Many of my college classmates entered the city or became management consultants, and have earned six-figure salaries for a decade. When property prices were booming, I’d sometimes wonder if I’d made the wrong decision by deciding to go it alone – even though I know that working a nine-to-five in an office and answering to some buffoon of a manager would kill me. Discovering Buffett made being his own boss a top priority puts me in good company. I also suspect the unusual structure of Berkshire Hathaway grew out of Buffett’s non-confirming mentality. 4. Buffett is a businessman first, investor second Read more…Warren Buffett FACTS28 July 2010Greg Simmons having fun at the reality of Warren’s numbers. 5th largest TARP recipient? Not too shabby Warren. Bailout makes it easy!
1-hour lunch with Warren Buffett for $2.63 million13 June 2010Warren Buffett’s lunch auction rose to a record of $2.63 million in the 11th annual charity fundraiser. That’s about 24 percent higher than the previous record, set in 2008 when hedge-fund manager Zhao Danyang of Hong Kong paid $2.11 million. The chance to have lunch with the celebrated billionaire investor drew nine bidders and 77 bids, according to EBay Inc. The online auction started June 6 and ended at 10:30 p.m. New York time yesterday. The winning bidder wishes to remain anonymous, according to Denise Lamott, a spokeswoman for the auction beneficiary, the Glide Foundation in San Francisco. Buffett, the 79-year-old investor who is chairman and chief executive officer of Berkshire Hathaway Inc., has raised about $8.56 million with the auctions to help the Glide Foundation, which serves meals to the needy. A group led by Courtenay Wolfe of Salida Capital won last year with a bid of $1.68 million. “It’s actually a remarkable calibration of his value,” said Jeff Matthews, author of “Pilgrimage to Warren Buffett’s Omaha” and founder of hedge fund Ram Partners LP. “It measures what people think his worth to them is.” Buffett’s insights on markets attract the attention of those looking for clues on his investment strategy. Past auction winners have said topics of discussion also included corporate governance and philanthropy. The top bidder gets to bring seven guests for lunch at Smith & Wollensky, the New York steakhouse. Buffett’s stock picks and takeovers turned Omaha, Nebraska- based Berkshire from a failing textile mill to a $180 billion seller of bricks, power and insurance. Tens of thousands of people gather in Omaha each year at Berkshire’s annual meeting to hear Buffett expound on the economy and public policy. Read more… Have Lunch with Warren Buffett for $25,00008 June 2010
An eBay auction is currently running this week, which is offering the winning bidder lunch with famed billionaire and investor Warren Buffett, one of the top three wealthiest people in the world. All proceeds of the auction will be donated to the Glide Foundation in San Francisco, which provides help for the homeless and poor. The current bid on the auction is $25,000, and if no one else bids, it wall be a bargain, as last year, the Canadian firm Salida Capital Corp. paid $1,680,300 for the lunch, and two yours ago, Zhao Danyang paid $2,110,100. The auction ends Jun 11, 2010 at 7:30 pm PDT or 10:30 Eastern time. Famous Investment Quotations28 April 2010
“With an evening coat and a white tie, anybody, even a stock broker, can gain a reputation for being civilized.” Oscar Wilde (1854-1900) Poet & playwright “Never invest in anything that eats or needs repainting.” Billy Rose (1899-1966) Composer and entrepreneur “Emotions are your worst enemy in the stock market.” Don Hays, stock market commentator “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.” Warren Buffett (1930- ) businessman and investor “Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.” Peter Lynch (1944- ) money manager “Gentlemen prefer bonds.” Andrew Mellon, Businessman & financier (1855-1937) “Anyone who thinks there’s safety in numbers hasn’t looked at the stock market pages” Irene Peter “The stock market has forecast nine of the last five recessions” Paul A. Samuelson “The arts are an even better barometer of what is happening in our world than the stock market or the debates in congress.” Hendrik Willem Van Loon “If stock market experts were so expert, they would be buying stock, not selling advice.” Norman R. Augustine “Now is always the most difficult time to invest.” Anonymous “I can’t figure the stock market out. I think it’s wacky. I have done well with a long-term strategy and will continue being a long-term investor.” Scott McNealy “One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.” William Feather It’s easy to grin when your ships come in and you’ve got the stock market beat, but the man worth while is the man who can smile when his pants are too tight in the seat” Anonymous “My job is to make people money. If I don’t include every factor that moves a stock, market psychology included, then I’m not doing my job.” Thomas Kurlak The most valuable things in life are not measured in monetary terms. The really important things are not houses and lands, stocks and bonds, automobiles and real state, but friendships, trust, confidence, empathy, mercy, love and faith.” Bertrand Russell, Philosopher (1872-1970) “Stock prices have reached what looks like a permanently high plateau” Irving Fisher, Economist, (1867-1947) “A stockbroker urged me to buy a stock that would triple its value every year. I told him, ‘At my age, I don’t even buy green bananas.’” Claude Pepper “If you hear that everybody is buying a certain stock, ask who is selling.” James Dines, Investment newsletter writer (1935- ) |