worlds greatest investor does not use fancy tools

"Buffett does not make his money on the markets. He takes control of companies and sets performance targets. He then uses their cash reserves for more acquisitions. This is why he buys insurance firms (which have free cash) & ignores tech stocks (which only have burn rates). Obviously this has nothing to do with trading/investing. Masses of people have been misled by all the hype claiming they can use his methods."
a quote from a website of M. Covell written by a visitor

Holds true now as ever.....
 
He bought and dumped Level 3 corp for a 100% profit in a few months. So I call that trading. If he's not using a computer, I'm sure he's getting information from someone somewhere that is using a computer.
 
Quote from andrasnm:

"Buffett does not make his money on the markets. He takes control of companies and sets performance targets. He then uses their cash reserves for more acquisitions. This is why he buys insurance firms (which have free cash) & ignores tech stocks (which only have burn rates). Obviously this has nothing to do with trading/investing. Masses of people have been misled by all the hype claiming they can use his methods."
a quote from a website of M. Covell written by a visitor

Holds true now as ever.....
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that is actually only partly ( very small ) true.

may i humbly suggest "trade like warren buffet" by james altucher for an indepth look at the sages methods.

surfer
 
Why don't you explain or elaborate a little more in terms of a rebuttal?
To be honest I will not read the book you've quoted. I have done some reading and research regarding Buffett and I can tell hype when I see one. I need no more info on him. I admire him as a person but I am smart enough to know that using his 'style' would be stupid and futile. I don not have 5 billion to work with!... Duhh.....
He has started his methods early late 50's early 60's and initially his investment style was as stated in my post. Exclusively, period. He did not invest in a company he took controlling interest in most enterprises he bought and it would be very silly to try to refute that. Using majority control of companies if not investment in the sense - the most sheep who try to emulate Buffett thinks.
Quote from marketsurfer:

that is actually only partly ( very small ) true.

may i humbly suggest "trade like warren buffet" by james altucher for an indepth look at the sages methods.

surfer
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Quote from vhehn:

Last year, Mr. Buffett says, he began buying Korean stocks for his personal brokerage account, investing a total of $100 million in roughly 20 Korean companies. He says that the investments were too small to be appropriate for the Berkshire portfolio. "These were not Berkshire-size remotely," he says. ...
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Nice to have a at least $100M in your "PERSONAL BROKERAGE ACCOUNT" LOL! Imagine that. Logging into IB, E-Trade, Fidelity and whip around a $100M, which Buffett considers too SMALL for Berkshire.

A $100M is practically the size of many mid-sized hedge funds. Buffett is DA MAN. He likes to swing SIZE.
 
Quote from BOSS_HOG:

he lost around 900 M betting against the dollar this year....
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That may well be, and Im sure he regrets the large play, buy his other 5 trillion appreciated against the othe currencies.

H E D G E.

Look it up.
 
Quote from vhehn:

A Warren Buffett Workstation
Unless you are a die-hard expert on Buffett already, you might find this description of Buffett's office organization interesting. I was surprised that he has a TV tuned to CNBC, and I cannot imagine working without a PC. I suppose, we might as well throw in making $100 million dollar investments as well. This excerpt is about a month old, from the Saturday WSJ. - Ed

On that recent Wednesday morning, at just before 9, Mr. Buffett pulled his slate-colored Lincoln Town Car with vanity license plate "THRIFTY" into a parking garage in downtown Omaha. Mr. Buffett, exhibiting no apparent signs of reduced vigor, walked swiftly toward Berkshire headquarters, which occupies a single floor of a nondescript office building. Recently, on the advice of his doctor, he adopted a three-day-a-week workout regimen with a personal trainer. "I always feel good," says Mr. Buffett, whose diet is heavy on hamburgers and soft drinks.

He chatted briefly with his assistant, then hurried into his modest-size office and shut the door. There is no computer in there, nor is there a stock-quote machine or stock-data terminal. He keeps a muted television set tuned to CNBC, the financial-news network. Although he occasionally carries a cellphone on the road, he does not use one in Omaha. He keeps no calculator on his desk, preferring to do most calculations in his head. "I deplore false precision in math," he says, explaining that he does not need exact numbers for most investment decisions. On the cabinet behind his desk are two black phones with direct lines to his brokers on Wall Street. ...

Last year, Mr. Buffett says, he began buying Korean stocks for his personal brokerage account, investing a total of $100 million in roughly 20 Korean companies. He says that the investments were too small to be appropriate for the Berkshire portfolio. "These were not Berkshire-size remotely," he says. ...

Mr. Buffett deliberately keeps the outside world at bay, believing it is the best way for him to remain "rational" as an investor. If he is interested in investing in a company, he studies the financials himself. "I've created a good environment," he says. "All I have to do is think and not be influenced by others."
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Fun read, wish he had defined '' exact numbers/false precision'';
even though one can quess partly:cool:

Respectfully disagree with calling him ''greatest investor''
its humbling didnt even make Jack Schwager, & Carl Ichan releases stock buys usually at a much more profitable time for common people.

Also wouldnt believe[live, walk/talk] idea ''heavy on hamburger/softdrinks =always feel good'' Thats un- intelligent food design/junk


:D :D
Interesting read reguardless.
 
Warren Buffett ttbomk is the first to admit his mistakes and analysis them at great length.

Only buys good companies @a cheap price.

Only buys companies that he and Charlie Munger fully understand.

prefers to avoid "wallstreet" and reside in Omaha.

Does not use hi-tech methods (has trouble figuring the tip when he eats out).

Greatest talent--keen eye for good people/managers to run his businesses.

In recent years Warren has bent/broken a few of these but still remains Ben Graham embedded and shareholder loyal.

Berkshire Hathaway shares were a bargain last summer but not cheap enough for me.

btw: I'm not a Buffett head, I just keep an eye on what works and when.
 
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