Amouna

Give Buffett Credit: He Tells It Straight

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


On Mar 01 05:07 PM Borscht wrote:

> 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.

Leucadia: Better than Berkshire

Thanks for the article. It is great!

I too was scrutinizing Fortescue recently, especially after the Chinese shopping trip down under for commodities. FMG appears to be a very interesting buy, with their Iron ore infrastructure in place.