How Warren Buffett Does It

pumpndump

In nearly every book on investing, you will find something along the lines of "This is how Warren Buffett does it." This implies that if you follow what the author says, you will become as rich as Warren Buffett. Of course, the author - and few people, for that matter - have no idea what Warren Buffett actually does. But look at this.

There was a rumour floating about recently that Warren Buffett was about to buy Centrica. Centrica! That's the company that owns [cue menacing music] British Gas. I thought, "Warren is getting adanced in years. He's lost it." Yesterday, the market was at rock bottom, and the board of a French company was deadlocked over whether to buy an American company called Constellation Energy or not. While the French were still umming and ahing, Warren Buffett snatched Constellation from under their noses.

You've just got to hand it to the guy. Well, now we know what to buy on Wall Street - either Constellation or Berkshire-Hathaway.

lilac_lady

I've posted about Warren Buffett before. He's an American billionaire who gives a lot of his money to charity. He lives in the same house he bought in the 1950s. We could all learn from him.

dunstonh

Buffett is well known for buying value stocks.

Cranston_2

pumpndump wrote: »

or Berkshire-Hathaway.

Both my pension fund and the kids university monies are 100% in Berkshire Hathaway! As you can imagine I am a big fan of his and I have recommended BRKB a couple of times on this forum.

:j

It's not all one way. Obviously a US$ based investment and you get a fair bit of swing in value due to that. Also he has had a couple of 50% draw-downs. But there is no doubt the man is a genius!

competitionscafe

Buffett's "time bomb" goes off on Wall Street:
how the sage of Omaha was right all along.
http://www.reuters.com/article/newsOne/idUSN1837154020080918?sp=true

FungusFighter

Cranston wrote: »

Both my pension fund and the kids university monies are 100% in Berkshire Hathaway! As you can imagine I am a big fan of his and I have recommended BRKB a couple of times on this forum.

:j

It's not all one way. Obviously a US$ based investment and you get a fair bit of swing in value due to that. Also he has had a couple of 50% draw-downs. But there is no doubt the man is a genius!

You sure know your stuff Cranston, where did you study mate? Top-notch uni, I'll bet, this sort of knowledge doesn't grow on trees :cheesy: Got any other tips? :cheesy:

Cranston_2

FungusFighter wrote: »

Got any other tips? :cheesy:

Hi Fungus

Yes I have a great tip, watch this video on you tube.

I have PM'd you too.

FungusFighter

Today, 7:55 PM Cranston
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savings question
Hi Fungus

Firstly, I am a proud graduate of the Open University.

Secondly, rather then give tips that may or not be helpful if you have specific questions that interest you I will answer where I can.

If you have a question on a subject post it on the forums and let me know where it is and we can get a good thread.

Enjoy the w/e.

:beer:

A self-made man, I like it :T
So did you do OU whilst a banker or after? I'd be amazed if you could get anywhere in banking without a degree but it gives us all hope!! Or was that "business school" ? (post 20/08/08) :T

Cranston_2

FungusFighter wrote: »

To
A self-made man, I like it :T
So did you do OU whilst a banker or after? I'd be amazed if you could get anywhere in banking without a degree but it gives us all hope!!

Thanks.

Things were different in my youth.

During the boom period of 1982 to 1987 there where more city jobs then people. As Buffett says "a rising tide lifts all boats".

Plus almost nobody would give women a chance then. It was reasoned employers would never recoup their training costs because women would leave to raise a family. This meant men (like me) had less competition for each job opportunity.

And we did not have the huge number of foreign nationals competing for jobs either.

I got qualified whilst working.

So I had luck of being in the right time at the right place.

FungusFighter

Forum: Budgeting & Current Accounts 01-09-2008, 11:54 AM Replies: 45
Fasterpayment with LTSB
Views: 2,088
Posted By Cranston


Cranston
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Join Date: Jul 2008
Post Count: 187
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My wife's LTSB account is also unable to make faster payments either.

We have several accounts and Lloyd's seem to have the worst Internet service of our banks. Whilst I am sure they will get better I would hate to have this as my main bank account.

FungusFighter

Cranston wrote: »

Thanks.

Things were different in my youth.

During the boom period of 1982 to 1987 there where more city jobs then people. As Buffett says "a rising tide lifts all boats".

Plus almost nobody would give women a chance then. It was reasoned employers would never recoup their training costs because women would leave to raise a family.

And we did not have the huge number of foreign nationals competing for jobs either.

I got qualified whilst working.

So I had luck of being in the right time at the right place.

So where does the "wife" come in?