gordo

Buying a Buffett Portfolio

well I chose the companies that are more within my circle of understanding ... I probobly should have included bni because I do get the economics there...I just believe there is more value in say kft right now ... with kft you are buying shares below berkshires cost where as with bni you would be paying a hefty premium to berkshires cost...but good point...

Buying a Buffett Portfolio

Im wondering if youre an idiot to imply that buying these businesses is a bad idea because I mis spelled a word

Will the Market Keep Falling? I Hope So

very nice article, I like to buy exellent businesses with durable competitive advantage run by first class, honest managers at a reasonable price. When a great business like American Express can be purchased fractionally at say $44/share instead of $66/share one has a much better margin of safety inherent in their investment. I just bought AXP at $43 and change and do feel good about the investment. The real goal as an investor is to avoid buying poor businesses at what seems to be "good" prices.