Hold For Mr. Buffett Please
Hold For Mr. Buffett Please
When CEOs Have Warren Buffett in Their Boardroom
What’s it like to have America’s greatest investor as your shareholder? Buffett’s biographer talks to CEOs who know
By Alice Schroeder
If I See A Shirt I Like, I’ll Usually Just Buy It
by Warren Buffett
February 4, 2010
Source: The Onion
I’m not really the kind of person to get caught up in the latest trends or fashions or anything like that. But some days, if I get out of work early and have a little time to kill before dinner, I’ll go do some window-shopping in the downtown Omaha area. Usually I just stick to browsing, but occasionally I’ll see a shirt I like, and if I try it on and it looks good, I’ll say, “What the heck,” and go ahead and buy it.
Because why not, right?
If you think about it, we’re only talking $50 or $60 tops here. I’ve had a steady income for years now, and I’m at the point in my life where I just refuse to feel guilty about treating myself to a decent shirt every once in a while. See, because it’s not even about the money. It’s about feeling good. So if I come across a nice blue button-down or a really sharp Tommy Hilfiger polo, I just think, “Warren, in the span of a lifetime are you really going to miss the $40 you spent on a shirt you might wear for upwards of 10 years?” Of course not.
Look, I’m old enough to understand that it’s okay to spend a little cash on something that makes you happy. To tell the truth, I wish I’d learned that lesson years ago.
Warren Buffett’s Berkshire Blasts Benchmark S&P Over Decade
The church of Warren Buffett: Faith and fundamentals in Omaha - Harpers
By Mattathias Schwartz
The man sits alone in a room, on the fourteenth floor of a gray building. The man’s suit, his hair, the sky through the window, and the rows of figures sliding across the abacus of his mind—these too are gray, though each gray is of a different value. Against the wall stand rows of files containing data from the fifty-odd years of solitary room–sitting. The man drinks cola. He reads the paper. Every so often the phone rings and the man answers. Usually the answer is “no.” Long ago the man concluded that such quietude was optimal for making money. “Inactivity strikes us as intelligent behavior,” he once wrote. By “intelligent,” he meant “profitable.”
Complete Article (via scribd)
In Year of Investing Dangerously, Buffett Looked ‘Into the Abyss’ - WSJ
Warren Buffett believes his best deals during the economy’s biggest belly flop since the Crash of 1929 may well turn out to be the ones he didn’t do.
Mr. Buffett slammed the door on one opportunity after another during the most harrowing stretch of his storied career. That impulse, he says, left him with the financial firepower he needed last month to strike the biggest deal he has ever done — Berkshire Hathaway Inc.’s $26.3 billion purchase of railroad Burlington Northern Santa Fe Corp.
Timeless and Time-Tested Warren Buffett Predictions
As a new year approaches, it is customary for journalists to make predictions about the future.
In keeping with Buffett’s long-term way of looking at things, Warren Buffett Watch offers eight predictions that are intentionally on the ‘timeless’ side of the prognostication spectrum.
In keeping with what’s becoming a holiday tradition, they are the same set of predictions we’ve offered for the past two years. We still stand by them.
With that in mind, here are Warren Buffett Watch’s ‘timeless’ predictions.
- Recessions can’t be avoided forever.
- We’ll survive current and future recessions just as we’ve survived past problems.
- Recessions will create opportunities.
- All stocks won’t be cheap.
- The crowd will make mistakes.
- Investors will mistakenly think falling stock prices are bad
- Good times will prompt bad decisions.
- There will be more dancing at another wild party followed by another painful hangover