drone

Give Buffett Credit: He Tells It Straight

that is exactly how it happened, over a bowl of escargot and lamb shank.


On Mar 01 07:32 PM Amouna wrote:

> Can't compare those monkeys on Wall Street to the guy who has been
> investing in Fortune 500 companies well before investment banking
> came into birth! Buffett is the grand daddy of value investing and
> a master at that, even in a horrible year like 2008

Give Buffett Credit: He Tells It Straight

He's not the grandaddy of anything but the weasel of everything. He is a master of sneakery and grabery. If you traced his holdings back and uncovered the paperwork and documentation from every single holding back to its roots, including everything that was said involving those holdings, you would find a different story from what is known today.


On Mar 01 07:32 PM Amouna wrote:

> Can't compare those monkeys on Wall Street to the guy who has been
> investing in Fortune 500 companies well before investment banking
> came into birth! Buffett is the grand daddy of value investing and
> a master at that, even in a horrible year like 2008

Give Buffett Credit: He Tells It Straight

He is originally a monkey himself, a self made monkey who now tries to boss around other monkeys. What he does is not investing.

He once said he could make 50% every year if he was not constrained by size. This is impossible and implies that he has some devious inside track on the market.

If I said I could make 50% a year in a fund you'd call me a fraud. Even if I did it for two years you'd still say I was doing something illegal.

But Buffett can say this and attract money to his stock. He announces that he could make 50% if he could invest anyway he wants. People hear this bullshit and put money into BRK.

People should be warned, Buffett should be told to shut up. Anybody investing on Warren's word should think again.

On Mar 01 07:32 PM Amouna wrote:

> Can't compare those monkeys on Wall Street to the guy who has been
> investing in Fortune 500 companies well before investment banking
> came into birth! Buffett is the grand daddy of value investing and
> a master at that, even in a horrible year like 2008

Give Buffett Credit: He Tells It Straight

This man is a real sleazy prick. He is no friend of the average American.

Give Buffett Credit: He Tells It Straight

Warren loved that story of building low cost homes for the masses. Sell them a trailer home. Get them into a trailer park and charge them rent for the land. Charge them for services. Build a corner convenience store and charge them for milk and bread. Build a gas station and get them that way. Put Geico advertisements in their mailboxes and sell them insurance. Get them hooked and up the prices 5% every year.

n Mar 01 11:11 PM Borscht wrote:

> Clayton Homes has come up recently I don't know where, maybe in his
> annual report. Let's hear the whole story. Let's hear exactly how
> he wrestled Clayton Homes from its true shareholders.

Give Buffett Credit: He Tells It Straight

Clayton Homes has come up recently I don't know where, maybe in his annual report. Let's hear the whole story. Let's hear exactly how he wrestled Clayton Homes from its true shareholders.

Give Buffett Credit: He Tells It Straight

During those years he sunk billions into derivatives and currency play.


On Mar 01 07:51 PM roy piper wrote:

> Good article, and I agree.
>
> I remember in 1999 Buffett was being called a dinosaur because he
> did not buy tech stocks. BRK went from $70,000 to $40,000. That was
> the last bad year he had. Over the next 9 years, BRK rocked and techs
> languished. Now may be another chance to get in low. Betting against
> Buffett long-term is a fast way to the poorhouse.

Give Buffett Credit: He Tells It Straight

He's a sleazy prick who will feed you a t-bone steak while he knifes you in the back. Why do we villify bankers and insurance executives while we give Buffett a free pass? Follow the money and it has all been going to Warren these last fifty years.

Give Buffett Credit: He Tells It Straight

Bullshit! Buffett never told it straight his whole life. As an example look at his purchase of Clayton Homes a few years ago, which angered many of the existing shareholders at the time. They liked the company and didn't want to sell at the offered price but somehow lost their shares anyway.

Give Buffett Credit: He Tells It Straight

For 50 odd years Buffett has been luring CEO's and Wall Street bankers to Omaha, where he gives them a t-bone steak at his favorite restaurant. While they are busy chewing on that corn fed beef, he somehow slips the knife in and relieves them of some of their money. For years these bankers have been saying, "We gotta get this guy." They finally got him to New York, gave him some escargot and lamb shanks and while he was sucking the marrow out of those bones, they somehow relieved him of a few hundred billion of his money.

Buffett Endorses 'Mark-to-Market' as a Producer of Ways to Profit

The financial fiasco reminds me of a movie where people stepped into a jelly like bubble and exited on the other side in a new dimension. This is no place for Warren Buffett, who admits to not understanding these derivatives and won't even invest in Microsoft for God sake, because he doesn't understand the business.

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

Who is the person going around putting thumb down on all negative comments and thumb up on positive ones. Is it Whitney? I think it is Warren himself in the flesh with his thumb.

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

I checked on Yahoo Finance and their prices on BRK only go back to Jan, 1990. Since then it has been a 10-bagger. But "compelling" going forward has nothing to do with "lookin good" going backward.


On Nov 20 05:41 PM AEG wrote:

> Excellent review.
> I agree with your value.
> Thanks for taking the time and sharing your knowledge with us <br/>Instead
> of "drill-drill-dril... I think it is time to "buy-buy-buy"... <br/>As
> an owner since 1987 I find todays Berkshire price to value compelling
> . it is time again to add this to the portfolio.

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

Only 40% below intrinsic value doesn't cut it in a market where some companies are selling for less than their cash in the bank. In today's market I won't buy a company whose cash is less than their market cap. This is the new metric, this is the new margin of safety. Warren better get used to it and so should Whitney.

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

I'm nowhere near down 70% yet and I'm just a bum from Moose Jaw Saskatchewan, with a BSc and a teaching diploma.


On Nov 20 04:42 PM raytayzmd wrote:

> ...just got through looking at your mutual funds -- hmmm, down something
> like 70% in a only a year?...wow, did you pick pick a great time
> to start some mutual funds or what!...so much for getting a Harvard
> MBA!