Warren Buffett MBA Talk - Part 9
123,546
Published 2007-05-23
All Comments (21)
-
"If there was a Long-Term Capital Management type situation translated into real estate, we'd be open to that...." How prophetic.
-
It is not easy. It's simple, but not easy.
-
1. First, Most people don't know it's so dangerous. My buddy used to use Coke to clean the corrosion from the spout of a beer machine. Get a Coke bottle, read the ingredients, and do a Google search for those chemicals. Two are acids - phosporic acid + benzoic acid. 2. Secondly, I work in the media and no-one is going to criticise these big companies else they'll lose their advertising. Just coz it's allowed, doesn't mean it's right.
-
Who is to say he's not "in real estate business"? As Ray Kroc, founder of McDonald's said "what's my business?". A student answered selling hamburgers, and he said no, real estate. Every McDonald's location is strategically placed in a busy area, be it foot traffic or on an important intersection. Since Buffett isn't a "stock picker", he's a business owner, he IS in real estate.
-
People should listen instead on whining all the time. Mr. Buffett has greatly inspired me in terms on investing and how I live my life. I owe a lot to him What is the other option? That Justin Bieber video perhaps...
-
Cigarettes are also a great business. $1,000 invested in 1953 with dividends reinvested in Phillip Morris (now AltriaGroup) would have grown to $4mil plus in 2008.
-
He is an extremely shrewd businessman who knows his things! Thats how he makes money. He is cold, he is direct and focussed on what he does. So he makes a lot of money. In his personal life, he aint doing so well. Its funny how he never gave his kids any money but hands out billion dollar checks to other businesses without any "consultants and lawyers" checking out the financials.
-
i heard it just fine
-
Drinking Coke is a choice. People must be held accountable for their actions not the corportation. Or someone who owns share in the corporation.
-
well, certainly today great emphasis is on free cash flow. but in dcf it fails like other models since we assume some factors and then calculate future. its almost like already knowing the answer just putting it in mech formulae. sec analysis mentions this. Buffet knows something that all other ppl dont know. he says he is 85 % graham and 15 % fisher. we can create a group to share ideas about value investing .
-
exactly!
-
Donating Everything to Charity -> Warren Buffett
-
@trinisexgod I was never addicted to the caffeine in Coke or any other soda. I was addicted to the fizz. I weaned myself off of sodas and only drink them occasionally now. But I still love fizz, and that's one reason I like beer, too. (No, I'm not addicted to beer.)
-
YEA.
-
$TPL Texas Pacific Land Trust. 1998 talk given by Warren Buffett to the students of the University of Florida.
-
can't get audio on Part 9. Am i the only one?
-
@jamestakeshi I've read The Intelligent Investor 6 times, the only difference between them is that Security Analysis is a bit more complex. Both books talk about analysis and computation and neither mention anything about psychology other than that one needs to control their emotions. I would bet everything I own that Warren doesn't use DCF.
-
@jamestakeshi He gives so many clues. Read his biography, and any book written by Ben Graham and you'll have a good idea how he does it. I think I'm pretty close.
-
but it is their choice to drink it that much...it'll screw you up insofar as you allow it too
-
@jamestakeshi DCF is fundamentally flawed in the same way that WACC and CAPM have weaknesses. It's no coincidence that every person that studied under Ben Graham or learned the principles through Buffett were able to consistently beat the market on a regular basis. Walter Schloss, Charlie Munger being direct examples. I could share what I know but I couldn't do it in one day and it wouldn't be appropriate over youtube. We can talk over e-mail if you would like.
