warren buffet is a fraud - you worship him? read his books?

[god_zeus]

warren buffet is a fraud - you worship him? read his books?

you apply his method and made money in the stock market
you feel proud of embracing his style of investing?
you tell people he is the greatest investor in the world and donch mind he is your grandfather?

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[Bigfuck]

I worship only one entity in the world - me.

 

[vamjok]

that why he is the best!

 

[scroobal]

Every company that Buffet has invested without exception is done by first apporaching and talking to the management or the key stakeholders. He either cajoles, influences or intimidates them into a position where he has first grab of information within the limits of the law, in a position to direct the course of events or sits on their board. Where he thinks the risk is high, he has actually bought not equity shares but preference shares. Thats means in the event that the company collapses, he gets paid off first.

He never was able to invest in technology shares not because he feared them but this is not old money. These are young vibrant chaps who are not intimidated and have no desire to play by his rules. He also feels out of place sitting in board room with young and extremely chaps who either cannot read his body language, refuse to listen to his body language or just have no time to worship legends believing in their own ability.

He thus not your ordinary investor and should be regarded as an investor. He actually takes stakes in companies in which he has the ability to influence. He thus spreads his risk rather than build and sell products and services.

 

[god_zeus]

so in sumary what u just said.
he is a crook

Every company that Buffet has invested without exception is done by first apporaching and talking to the management or the key stakeholders. He either cajoles, influences or intimidates them into a position where he has first grab of information within the limits of the law, in a position to direct the course of events or sits on their board. Where he thinks the risk is high, he has actually bought not equity shares but preference shares. Thats means in the event that the company collapses, he gets paid off first.

He never was able to invest in technology shares not because he feared them but this is not old money. These are young vibrant chaps who are not intimidated and have no desire to play by his rules. He also feels out of place sitting in board room with young and extremely chaps who either cannot read his body language, refuse to listen to his body language or just have no time to worship legends believing in their own ability.

He thus not your ordinary investor and should be regarded as an investor. He actually takes stakes in companies in which he has the ability to influence. He thus spreads his risk rather than build and sell products and services.

 

[god_zeus]

that why he is the best!

so u admit u worship him ah?

 

[scroobal]

No, not a crook or a savvy investor as others think of him. Just a smart businessman who lets others take the risk which he is constantly attempts to pass. Some of which may be bordering on the unethical. One recent was his money supposedly to save a major financial institution but he wanted the entire funds protected.

so in sumary what u just said.
he is a crook

 

[jw5]

He thus spreads his risk rather than build and sell products and services.

Value transferor (mostly to himself), not creator.

 

[vamjok]

so u admit u worship him ah?

yah, cos he richer than me

 

[scroobal]

Yes not only not a creator but also not a risk taker in the traditional sense.

Value transferor (mostly to himself), not creator.

 

[Char_Azn]

so in sumary what u just said.
he is a crook

Try finding one of the top 10 richest person who doesn't behave like one when it comes to business. Bill Gates for example is the face of philanthropist. He donated a huge chunk of his fortune to charity but when it comes to business and destroying the competition, not many is as ruthless as he is, well maybe with the exception of Steve Jobs

 

[AudreyFang]

I just wonder how many forummers here really know how to value an asset correctly using the Graham and Dodds methodology (Warren Buffett's sifu).

And yet, trying to discount Buffett's skills and track record with a dubious Youtube video and wild postulations about the way he invests.

You guys really think too highly of yourselves and have a natural proclivity to talk big. And this includes the big mouth by the name of Scroobal.

 

[scroobal]

Indirectly or directly influencing management either by holding onto substantial equity or preference shares or debentures is not part of the Graham and Dodds methodology. If do not know this you should not even be commenting on it. There is no doubt that he is a runaway success. Most people assumes that he does not deal with the company. At the sub-prime surfaced, Jeff Immelt of GE called him directly to seek funding and purchase of GE shares as the money market was going to dry up. Buffet asked for an arm and leg. Immelt said no.

The trick is not to follow his investments. The trick is to buy Berkshire Hathaway shares and do nothing else. He can act on information that no one else has. The only ones to benefit is the Warren and the shareholders of Berkshire Hathway. No need to buy book, no need to understand G&D Methodology.

He has a proven track record. Its best that you understand simple comprehension and not the G&D Methodology.

I just wonder how many forummers here really know how to value an asset correctly using the Graham and Dodds methodology (Warren Buffett's sifu).

And yet, trying to discount Buffett's skills and track record with a dubious Youtube video and wild postulations about the way he invests.

You guys really think too highly of yourselves and have a natural proclivity to talk big. And this includes the big mouth by the name of Scroobal.

 

[AudreyFang]

....... Its best that you understand simple comprehension and not the G&D Methodology...........

I comprehensively failed to understand your understand simple comprehension......

Please learn how to write clearly first before even commenting on anything. Perhaps, your English is just bad.

 

[scroobal]

No further comment about Buffet?

I comprehensively failed to understand your understand simple comprehension......

Please learn how to write clearly first before even commenting on anything. Perhaps, your English is just bad.

 

[Zombie]

He can act on information that no one else has.

Warren Buffett - “I’d be a bum on the street with a tin cup if the markets were always efficient.”

He already gave us the hint.

 

[AudreyFang]

No further comment about Buffet?

No need to understand G&D methodology ? That's typical Sinkie mindset.

How do you think Warren Buffett gets to be so big in the first place ? Was he able to arm-twist management when he first started out ?

Scroobal, you are such a pathetic show-off who loves to argue for the sake of attaining high visibility in this forum. What a loser.

 

[scroobal]

Looks like you know your economics. Even before his graduated from Columbia, he insisted to talking to the CEO or be given access. He knew that the market was inefficient and anyone with inside information had a distinct advantage.

In one of his first partnerships, this wise man asked 11 doctors to cough up $10K each totaling $110K and he coughed up only $100 bucks, yet he held equal share.
He only coughed up 1% for each share of his partners contribution, not even 10%. That is not even risk taking. That's pure genius.

Warren Buffett - “I’d be a bum on the street with a tin cup if the markets were always efficient.”

He already gave us the hint.

 

[Jah_rastafar_I]

Looks like you know your economics. Even before his graduated from Columbia, he insisted to talking to the CEO or be given access. He knew that the market was inefficient and anyone with inside information had a distinct advantage.

In one of his first partnerships, this wise man asked 11 doctors to cough up $10K each totaling $110K and he coughed up only $100 bucks, yet he held equal share.
He only coughed up 1% for each share of his partners contribution, not even 10%. That is not even risk taking. That's pure genius.

How did he manage to pull this off? Seriously it's like paying 10 cents at a gathering while the rest pays like 100 bucks.

 

[chonburifc]

My take: No one can become a rich,successful billionaire without being an asshole or crook.