One of the most valuable books I ever read for investment was, "Trend Following" by Michael Covel. I think it was published about 05, my copy is as usual on loan.
.
All of you guys have good points. There are multiple ways to earn big bucks in the market. It is as true to a value investor as to a day trader. The only question is if you are good enough. To me, Mr. Warren Buffett is the most successful one ever in this business, and it makes sense to follow his lead. Why bother to try other stuff while the method to success has been tested over forty years?
That is my aim. IMO the technique I am following is the closest I can find to Buffett's. I would appreciate any input positive or negative however.
Guys Seriously!!
Buffett Bought Hathaway ---(The Whole Company) stripped it and turned it into something OF VALUE.
Buffett OWNS the Value.
He doesnt invest anywhere remotely close to anyone of us here.
HE OWNS things not INVESTS in.
When you CONTROL then your investing like Buffett.
It always amuses me when I see people convinced they're doing what Buffett does.
Not even CLOSE!
HE OWNS things not INVESTS in.
When you CONTROL then your investing like Buffett.
Berkshire made him
All you need is a Berkshire then you'll emulate Buffett.
A few here think they're Sorros!!
Me I think Im a Duck!
Berkshire made him
All you need is a Berkshire then you'll emulate Buffett.
!
Well ill be a Duck!
But just listening to Buffett.
Do people seriously think they can emulate the guy!
Well ill be a Duck!
But just listening to Buffett.
Do people seriously think they can emulate the guy!
Well ill be a Duck!
But just listening to Buffett.
Do people seriously think they can emulate the guy!
Here is berkshires stock holdings,
American Express Co. (13.1%)
Anheuser-Busch Cos. (4.8%)
Bank of America
BYD Company (9.89%)[7]
Carmax (10%)
The Coca-Cola Company (8.6%)
Comcast
Comdisco (38%)
ConocoPhillips (5.6%)
Costco Wholesale
Diageo PLC
Gannett
General Electric
GlaxoSmithKline
Goldman Sachs
The Home Depot
Ingersoll Rand
Iron Mountain
Johnson & Johnson (2.2%)
Kraft Foods (6%)[8]
Lowe's Companies
M&T Bank (6.1%)
MidAmerican (83.7%)
Moody’s Corporation (19.1%)
NRG Energy
Nike
Norfolk Southern Corp.
Outback Steakhouse
Posco (4.5%)
Procter & Gamble Co. (3.3%)
Sanofi-Aventis (1.3%)
ServiceMaster
Shaw Communications
SunTrust Banks
Tesco (2.9%)
Torchmark (3.2%)
UnitedHealth Group
Union Pacific Railroad
United Parcel Service
USG (19.0%)
U.S. Bancorp (4.4%)
WABCO
Wal-Mart Stores Inc. (0.5%)
The Washington Post Company (18.2%)
Wells Fargo (9.2%)
Wellpoint
Yes they have a big list of wholly owned companies as well but I think WB would have a problem with some one saying he is not an investor
The reason I started posting on this thread is this Buffett quote
"Be fearful when others are greedy. Be greedy when others are fearful."
Buffett is probably known as a value or growth investor but he is also a contrarian investor.
When AMEX had a scandal with one of it's subsidaries the sp plunged that was the time to buy. In the middle of the GFC BRK were buying banks.
That is why after identifying extraordinary companies the best time to buy is when "bad" news hits.
When Buffett sees opportunity like the AMEX case
He can buy in such quantity and he now needs to.. That he can turn back the tide of fear..
And happy doing it he is too....
Can you ? IF not .. Then you run the risk of buying too early..
Say you saw the Amex opportunity... And you wade in the mkt to buy 100 shares
and after you finished buying what will happen ?
Is it likely you could have bought cheaper ?
Contrarian works best near the turning points
But Then its called good timing ( I am not talking about perfect timing )
Mr Mkt might want to sell 1,000,000,000s of shares
Now If you only want 100
You are not Mr Buffett Today''
You are maybe Mr Buffett when he was just starting out
With limited capital and no worry about getting filled
In Buying 100 shares it is not smart to fade Mr market
You have to work a bit more in harmony with him
And when he is exhausted ... Time your moves a little smarter
You have to be more a "Hitch Hiker"
and less a mover and shaker who decides now is the time to buy
and buys his 100 shares without taking a little more care
Motorway
I think any investor who puts in the time and effort to study Buffett and Graham and some of the newer practitioners such as roger montgomery will become better investors, having better returns and taking less risks.
For me personally when I started studing value investing it just made so much common sense to. aspects of it I had used for years, but it still felt like some one had turned a light on and suddenly I could see a different world.
But No you can't simply watch an interveiw with buffett and think you know all you need to know about investing. I think becoming an Investor is somthing that takes time and study and should be regarded as somewhat of a university course, but like any course you have to be studying the right texts.
Buffett himself learned by emulating Benjiman Graham, He read the intelligent investor when he was 19 and he said it changed his whole concept on investing.
He then went and studied under graham at columbus university and later worked as a securities analylist at grahams hedge fund.
Second, when something is cheap, it is cheap. Whether it goes up or down after your purchase does not change this fact. So if you buy cheap enough, why should you bother to worry if it will go down another 20%?
But I saw one common trait among those successful ones: THEY WORKED ****ING HARD TO BE WHERE THEY ARE!
why should you bother to worry if it will go down another 20%?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?