Buffettique Discussion Threads

[topvest] 09/5/2010 15:17

There are some idiots on this thread. He is leaving nearly ALL his money to charity, through the Gates Foundation as Liarspoker mentions. He will be remembered for giving US$50bn+ away!! He currently lives in the same house that he has lived in for 40 years and has no expensive habits. If you watched the TV documentary a few months back on the guy you would be better informed.

[liarspoker] 09/5/2010 13:38

'he will be remembered in history as someone who contributed nothing helpful to humanity'

He's leaving all his money to the Gates foundation and has already pumped millions upon millions into his late wife's and childrens charities. I'd call that pretty meaning full. He would be well able to buy a 55 room mansion with its own beach and have a 150 foot yacht etc etc yet he lives frugally ( very frugally for his wealth ) and he's leaving it all to a charity run by Gates who shares and is part of the BH culture.

[traderabc] 09/5/2010 13:05

I agree with you careful, Buffet's support for the 'problem' (Fed, Goldman etc) is very revealing, he will be remembered in history as someone who contributed nothing helpful to humanity, he's just another fat cat supporting the unsustainable status quo.

[traderabc] 09/5/2010 12:51

Moody's, Berkshire and The SEC

Moody's (NYSE:MCO) revealed that it received a Wells Notice from the SEC in a filing Friday.

That's not all that unusual.

What's unusual is that it received the Wells Notice in March.

[topvest] 09/5/2010 12:20

I disagree with you on virtually all accounts. Buffet is the greatest investor that has ever lived..to date! He has just exercised good common sense and compounding throughout his life. His investment record has been significantly helped by his insurance business that gave him a massive investment float.

He was spot on with Kraft. They overpaid, because they had to issue lots of shares in Kraft (at below fair value) to buy Cadbury (reasonably fully priced). If he had shares in Cadbury as well that wouldn't surprise me as it was a fantastic undervalued business before the deal.

Reading Snowball at the moment. The man is very impressive.

The BH dividend policy is odd. I don't like it, but its actually correct. Why would they pay a dividend when Warren has made a compound 20% return every year for the last 40 years or so. It's his number 1 rule to allocate capital properly!

[careful] 09/5/2010 10:57

i have been a long time fan of buffett.
but seeing him defend goldman sucks last week, and knowing his profits largely come from derivatives, and he has never paid a dividend.
His folksy charm makes him a con artist.

lots of inside knowledge no doubt.
i was mystified when he bght into cadbury. then 2 years later kraft bght cadbury.
warren was krafts biggest shareholder.
did he know? is it likely that no one mentioned it.?

then he complained about the price Kraft paid.(clever move, he has more kraft than cadbury, it helped keep the price down)

buffett is not all he appears.
then there is the burlington deal.
cheap corporate bonds to buy a solid company.
this means he thinks inflation is on the way.
he bought it with junk.

[traderabc] 09/5/2010 10:38

BRIEF-Warren Buffett says rating agencies, like Moody's, have "pretty darn good" business

[traderabc] 22/3/2010 10:45

Obama Pays More Than Buffett as U.S. Risks AAA Rating (Update1)



By Daniel Kruger and Bryan Keogh


March 22 (Bloomberg) -- The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama.

Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg. Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also traded at lower yields in recent weeks, a situation former Lehman Brothers Holdings Inc. chief fixed-income strategist Jack Malvey calls an “exceedingly rare” event in the history of the bond market.

[gsands] 08/3/2010 11:53

Thanks for the links traderabc. Very interesting reading.

[tomkin] 01/3/2010 22:04

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[traderabc] 01/3/2010 22:00

I wonder if his mate Buffet thinks world population reduction can be achieved through the use of vaccines.

Why Bill Gates loves Vaccines

[traderabc] 22/2/2010 15:01

Basically, It's Over
A parable about how one nation came to financial ruin.
By Charles Munger
Updated Sunday, Feb. 21, 2010, at 3:30 PM ET



In the early 1700s, Europeans discovered in the Pacific Ocean a large, unpopulated island with a temperate climate, rich in all nature's bounty except coal, oil, and natural gas. Reflecting its lack of civilization, they named this island "Basicland."

[traderabc] 22/2/2010 14:56

Stacy Summary: Re: the Soros story . . . remember that at the same time he was doubling his stake in GLD, he was dissing gold as an investment in many interviews warning that gold was the ‘ultimate bubble;’ and as you can see from this headline in the Telegraph, the newspaper warned gold was about to crash based on Soros’ warning.

Soros More Than Doubled Gold ETF Stake in 4th Quarter (Update1) Share Business Exchange



By Katherine Burton and Glenys Sim


Feb. 17 (Bloomberg) -- Billionaire George Soros’s Soros Fund Management LLC more than doubled its holding in the biggest gold exchange-traded fund in the fourth quarter after bullion advanced 8.9 percent to a record.

The $25 billion New York-based firm became the fourth- largest holder in the SPDR Gold Trust, adding 3.728 million shares valued at $421 million, according to a filing with the U.S. Securities and Exchange Commission yesterday. Its investment was worth about $663 million, the fund’s largest single investment, as of Dec. 31.

[traderabc] 29/1/2010 14:49

Davos 2010: George Soros warns gold is now the ‘ultimate bubble’


Edmund Conway
London Telegraph
Friday, January 29th, 2010

Gold is now “the ultimate bubble”, billionaire investor George Soros has declared, sparking fears that prices for the precious metal may soon suffer a tumble.

Mr Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future. In comments delivered on the fringe of the World Economic Forum, Mr Soros said: “When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.”

[liarspoker] 29/1/2010 04:22

Thanks for the link henryatkin. Good to reread it again. :O)

[traderabc] 28/1/2010 22:17

Davos 2010: Bank bonus payments 'wrong' says Soros

Billionaire investor George Soros has told the BBC that although the banking sector needs a radical overhaul, there is no rush as the situation in 2008 is unlikely to repeat itself for at least 50 years.

He told the BBC's Robert Peston that the payment of bonuses by banks from 2009 profits is wrong, as the profits have been built on a 'gift' - government bail-outs.

[henryatkin] 18/1/2010 10:03

Good morning guys. Read through this thread over the w/e. Some good links but I don't think this one was among them. Its stock picking and psychology by Charlie Munger - Buffets right hand man. Hope you find it as thought provoking as I did:

[liarspoker] 17/11/2009 11:23

Most likely they are purchases by the insurance division ( ie bought by Simpson not Buffett ).

[tricky1992000] 17/11/2009 11:16

US billionaire Warren Buffett's investment firm has revealed new stakes in Nestle and Exxon Mobil.

Berkshire Hathaway said it held 3.4 million American depositary receipts - which represents shares in foreign companies - of Nestle, worth $144.7m.

[topvest] 09/11/2009 20:10

Looks a clever well timed move by Warren..as ever!

[traderabc] 09/11/2009 16:49

America from now on will pursue greener transport policies.


GS Sands
I didn't think of that, railways are considered far greener then road haulage, fuel will be going up loads, so it makes sense to invest in the cheaper alternative to road haulage. Regardless of how the rest of the economy fares, Buffet is probably going to make a tonne of money(as usual).

[gsands] 09/11/2009 14:46

traderabc,

I agree - a very much defensive bet. Also an all out wager that America from now on will pursue greener transport policies.