Realist said:Hmm, Frank Watkins (whoever he is??) or Warren Buffet - tough one. Let me think about it.
eddievanhalen said:use it as an example again.
In the last 2 years CMI has moved from $2.30 to $1.30 and has been on "cheap" PER all the way down. It has a history of wildly fluctuating earnings and sells product into a highly competitive cyclical industry. If Buffett were dead he would turn in his grave at the suggestion of him investing long term in such a dog.
swingstar said:I thought you didn't swim with the tide. How many books has Buffet sold compared to Watkins I wonder?
eddievanhalen said:I'm going to send every beginner trader I know to this thread and read your wisdom (whilst looking into a mirror)
Realist said:I don't know of any Buffet has written?
He's got nothing particualrly new to write - he recommend Graham simple as that.
Buffet learnt from Graham, Graham is the master, Buffet is the student that surpassed him financially.
Buffet breaks rules that Graham advocates like diversification and only buying at a good discount. But Graham preaches to mere mortals, Buffet is no mere mortal.
Simple, the more you trade the less you make
swingstar said:Nevertheless, maybe oneday Watkins, Tharp, Douglas, etc etc will be the Grahams of today.
tech/a said:Your indulging a TROLL
tech/a said:For Gods sake everyone trade Fundamentally worship Buffettology,Buy and hold forever become fabulously rich, jump on a kite and meet me in London for a beer!!!
Why the hell are you all bothering with this absolute rubbish.
If this is fundamental analysis then there are a heap of academics who should have studied Buffettology to get their positions as reseach analysts for investment banks world wide!
What absolutely Nieve ,ill informed, pompous, opinionated, narrowminded, long winded, self serving, meaningless, hot air.
Your indulging a TROLL
Realist said:It is like bodybuilding or gymnastics or mountain climbing ( I know you guys love my analogies so I'll continue)
In the 1970's Arnold Schwarzenegger achieved the perfect reuslts in bodybuilding, and Nadia Comenechi achieved them in gymnastics. In the 1950's Sir Edmund Hillary climbed Everest.
Those 3 sports have never been as popular (media wise at least) because the peak has been reached. People can reach that peak themselves but they can not surpass it.
No-one can surpass Arnold, Nadia or Edmund.
Buffet's hit the peak. He learnt from Graham - there is no way to beat them.
Climbing Mt Everest for the first time, I agree, can only be achieved once. But Arnold's achievements have been surpassed twice, and he only achieved the 'peak' what, thirty years ago?Realist said:It is like bodybuilding or gymnastics or mountain climbing ( I know you guys love my analogies so I'll continue)
In the 1970's Arnold Schwarzenegger achieved the perfect reuslts in bodybuilding, and Nadia Comenechi achieved them in gymnastics. In the 1950's Sir Edmund Hillary climbed Everest.
Those 3 sports have never been as popular (media wise at least) because the peak has been reached. People can reach that peak themselves but they can not surpass it.
No-one can surpass Arnold, Nadia or Edmund.
Unbelievably shocking attitude. Who was at the 'peak' before Buffet, eh?Buffet's hit the peak. He learnt from Graham - there is no way to beat them.
Berkshire Hathaway, Inc. and its subsidiaries primarily engage in the insurance and reinsurance of property and casualty risks business. It provides automobile, multi line, and credit and income protection insurance; excess-of-loss reinsurance and quota-share coverage; and reinsurance for life, accident, and health risks. The company also manufactures and distributes clothing, including uniforms for police, fire, postal, and military markets; and footwear, as well as manufactures and distributes clay bricks, concrete blocks, and cut limestone; building products of other manufacturers, including glass block and other masonry products; and sells ceramic floor, and marble and granite stones. In addition, Berkshire Hathaway produces general purpose coatings; fiber glass wool insulation products and pipe and duct insulation products; roofing systems and components; and non woven mats, fabrics, and fibers. Further, it engages in the provision of manufactured homes, commercial real estate and consumer receivable financing, and annuity contracts; and ownership and management of manufactured housing communities, as well as provision of training to operators of aircraft and ships. Additionally, the company provides rental furniture and accessories; leases transportation equipment; offers wholesale distribution and logistics services; and retails household appliances, electronics, computers, and other home furnishings. Further, it provides tufted and woven carpets, and laminated flooring; home cleaning systems; confectionery products; and wood and metal moulding, matboard, foamboard, glass, equipment, and other framing supplies, as well as publishes news editions and sells kitchen tools. The company was founded in 1889 and is headquartered in Omaha, Nebraska. Berkshire Hathaway, Inc. acquired Business Wire in March 2006.
wayneL said:Why not just invest in BRKA then?
wayneL said:Yep, BRKA looks more like business in the business of doing business, than a business that invests.
Realist said:It owns businesses - 100% share holding.
If I could buy WDC and FGL outright myself - I would, the next best thing is to buy shares in them. Part ownership is all I can afford.
But then you would have to run them... and therein lies the difference between a businessman and an investor... Buffet and you
Realist said:
If TA gives you greater returns longterm how the hell did Warren Buffet make US$60,000,000,000 doing fundamental investing, buying undervalued companies on a downtrend and holding forever?
.
WayneL said:Lets expose this little piece of BS
If WB was an investor and achieved the quoted 24% return p/a, he would have had to have started with > $1.5 million in 1957... ANDS THATS 1957 DOLLARS. A whopping amount back then.
Simple arithmetic would show up the fallacy here.
Buffet is a businessman, not an investor
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