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Tom Armistead
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I am a retired accountant, having spent the early years of my career in the insurance industry and the later part in the field of accounting. My insurance experience has given me the willingness to accept investment risk if I feel the return justifies it; also, an interest in applying risk... More
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  • Buffett Fails The Taste Test 1 comment
    Jul 17, 2012 8:58 AM | about stocks: BRK.A

    Bloomberg's Betty Liu gave Warren the taste test, putting 4 unmarked cups of cherry flavored soda in front of him. He tasted them all, and chose number 1, which was Dr. Pepper.

    Here's a link: http://www.bloomberg.com/video/warren-buffett-fails-the-cherry-coke-taste-test-NnWahJqjSg6e6DUIzxkg_g.html

    This is serious. Very serious. For several years now, I've been attempting to catch up with Warren in the investment field, drinking one coke daily (high fructose corn syrup and all). The thinking is, by applying the same fuel, I will get the same performance.

    Recently my performance has been lagging, and after considerable analytical effort I determined that Buffett actually drinks Cherry Coke. So I sent my wife out to get that instead of the regular Coke I had been drinking.

    Now I discover, Buffett can't tell the difference. Not only that, he drinks five of the damn things. That's an awful lot of high fructose corn syrup: I don't think my metabolism can handle it.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Investment strategy Stocks: BRK.A
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    Haha. Warren also eats Dilly Bars and See's Candy. More sugar = better performance.
    17 Jul 2012, 12:06 PM Reply Like
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