Invest like Buffett?

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HappyMan
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Invest like Buffett?

Post by HappyMan » Mon May 20, 2019 6:26 am

What do people here think of Buffett's investing style? He goes after long-term and has performed relatively well. Currently, he is after AMZN.
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Re: Invest like Buffett?

Post by pmward » Mon May 20, 2019 7:31 am

HappyMan wrote:
Mon May 20, 2019 6:26 am
What do people here think of Buffett's investing style? He goes after long-term and has performed relatively well. Currently, he is after AMZN.
Last I checked Buffet is doing quite badly compared to the S&P and as been doing quite badly in comparison for a number of years. Add that onto the fact that his style of investing requires the amount of time and research that is basically a full-time job in and of itself (especially since true "undervalued" hidden gems these days can only be found in the dark corners of the market in companies that are not included in the popular indexes), and I hardly find it to be worth it for the time involved to be honest.

Also, Buffet himself did not buy amazon and never personally would, one of his lieutenants did the purchase. Buffet is trying to trust his underlings more and let them do their own thing, so the business will survive without him.
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Re: Invest like Buffett?

Post by gaddyslapper007 » Mon May 20, 2019 11:23 am

He's not "normal" in many ways which gives him a HUGE edge as an investor....1. has a photographic memory, 2. reads like 80% of his waking hours (like earnings reports..yuck). I simply cannot compete with this....nor would want too

His overall playbook is rather simple though.....I use for the broad markets (not individual stocks) buy when others are fearful, be patient, and almost never sell.
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Re: Invest like Buffett?

Post by ppnewbie » Mon May 20, 2019 4:24 pm

gaddyslapper007 wrote:
Mon May 20, 2019 11:23 am
He's not "normal" in many ways which gives him a HUGE edge as an investor....1. has a photographic memory, 2. reads like 80% of his waking hours (like earnings reports..yuck). I simply cannot compete with this....nor would want too

His overall playbook is rather simple though.....I use for the broad markets (not individual stocks) buy when others are fearful, be patient, and almost never sell.
I agree. Was a watching a documentary about the 2008 crash. Basically, he called Hank Paulson one day and told him exactly how to save the banks. Shortly after that Hank Paulson gathered all the major bank heads and implemented Warren Buffet's plan. The guy is the opposite of normal. It's actually a miracle he is tracking the S&P 500 with the cash horde he has, the size of his portfolio, and his investing style. At the current market valuations, he basically cannot invest a significant amount money safely.

When there is blood on the streets, if Warren is still around, brka and brkb are going to pop a few years after a crash.
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dualstow
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Re: Invest like Buffett?

Post by dualstow » Mon May 20, 2019 6:22 pm

HappyMan wrote:
Mon May 20, 2019 6:26 am
What do people here think of Buffett's investing style? He goes after long-term and has performed relatively well. Currently, he is after AMZN.
I think he’s amazing. I would like to write like Shakespeare, grasp quantum physics like Jim Al-Khalili and invest like Buffett. Alas, in all three cases I’ll be doing my own less impressive version.
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Re: Invest like Buffett?

Post by Kriegsspiel » Mon May 20, 2019 8:54 pm

You know what the crazy thing is? Shakespeare is actually pretty good even nowadays. The motherfucker lives up to the hype.
I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. Who knows whether that person will be wise or foolish? Yet they will have control over all the fruit of my toil into which I have poured my effort and skill under the sun. . . Nothing is better for a man than to eat and drink and enjoy his work.
- Ecclesiastes
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Re: Invest like Buffett?

Post by Kriegsspiel » Mon May 20, 2019 8:56 pm

About Buffett, I really like the fact that most of the time, he just reads stuff and sits there and does nothing. Then he eats McDonalds and plays some cards.That's a gameplan I can get behind.
I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. Who knows whether that person will be wise or foolish? Yet they will have control over all the fruit of my toil into which I have poured my effort and skill under the sun. . . Nothing is better for a man than to eat and drink and enjoy his work.
- Ecclesiastes
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dualstow
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Re: Invest like Buffett?

Post by dualstow » Mon May 20, 2019 9:15 pm

Yeah, Buffett is something akin to a zen master.
Kriegsspiel wrote:
Mon May 20, 2019 8:54 pm
You know what the crazy thing is? Shakespeare is actually pretty good even nowadays. The motherfucker lives up to the hype.
Whenever someone asks what I’m reading and I answer Shakespeare — admittedly rare — the reply is invariably “why?” I guess the implication is “School’s over.” O0
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Re: Invest like Buffett?

Post by boglerdude » Mon May 20, 2019 10:31 pm

Buffet's always had inside info starting with his father, a congressman. His companies sell unhealthy food (See's candy, coke, McDs) and he product places these in interviews. Not sure he's a God. But good on him for admitting taxes are too low
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Re: Invest like Buffett?

Post by dualstow » Mon May 20, 2019 10:45 pm

boglerdude wrote:
Mon May 20, 2019 10:31 pm
Buffet's always had inside info starting with his father, a congressman. His companies sell unhealthy food (See's candy, coke, McDs) and he product places these in interviews. Not sure he's a God. But good on him for admitting taxes are too low
His father must have imparted a lot of wisdom to young Warren, but he was quite dead before W.B. made many of his brilliant deals. Inside info? I was under the impression that he is just really good at evaluating non-tech companies. He did visit them, and he did often buy enough shares to have an influence— something few of us can pull off— but there is clearly a great mind at work here.

Give him a little credit. O0 And give him two t’s.
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Re: Invest like Buffett?

Post by boglerdude » Mon May 20, 2019 11:11 pm

I dont have enough info to know, if he'd still be a billionaire had he been born in the ghetto. Not that it matters, its just interesting how people want to believe that Buffett's so much smarter than they are
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Re: Invest like Buffett?

Post by jhogue » Tue May 21, 2019 7:02 am

boglerdude wrote:
Mon May 20, 2019 10:31 pm
Buffet's always had inside info starting with his father, a congressman. His companies sell unhealthy food (See's candy, coke, McDs) and he product places these in interviews. Not sure he's a God. But good on him for admitting taxes are too low
Don't forget Dairy Queen and Karmelkorn.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
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