The ultimate shrewdness is found not in the balance sheet, but in the qualitative excellence of the business.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 43
Buffett was not “dead WRONG on gold”. Warren did not short gold. If he DID— he would have been dead wrong. He did not buy gold. He did not buy, what, 95-99% of the companies in the country? He didn’t swing at those pitches because there are no called strikes. He was not wrong. He’s selective.
He DID bet this generational ranch on Apple? How did that work out? In fact, “All-in” Warren is batting close to 1.000. In life. And in investing:
Generational investment pre-Apple he went All-in Coca Cola. How did that work out?
Generational investment pre-Coke he went All-in American Express. How did that work out?
Generation investment pre American Express: there are no generations.
As for people he went All-in; Charlie Munger, Ajit Jain, Don Keough, Tom Murphy. 1.000 batting average my math.
Raising children 1000% success.
To the silliness here about PILOT J—that’s chump change! We own 200 companies, sheesh. Pilot J is not an all-in investment. As for David Sokol—Buffett NEVER said SOKOL was in line for CEO. It was rumored and falsely assumed he was the pick . Buffett said that was NEVER determined. Sokol WAS in line as a candidate and was being observed along with Ajit Jain and previously Lou Simpson—and possibly others. But you say Buffett made a character mistake there?!! Sokol was NEVER HIRED. And never more than “in the running”. Once character was confirmed— Warren made the right character choice.
LOTS of Berkshire investments are MEDIOCRE or worse . Lots of hires are mediocre —or worse. That’s the nature of this mega long term business. This does not preclude extraordinary results overall.
Getting it right WHEN YOU RARELY GO ALL-IN. This is what Warren has preached. And DELIVERED.
I’m starting to feel I AM a pretty good judge of character, or brains, or etiquette. I notice 100% of the idiot threads here—don’t have a visible original post. Maybe I’m psychic? The first post in these nauseating, endless threads always start with “re:… “. That’s the good part. The bad news is—these threads attract, by far, the most responses.
Hope everyone has a Happy Thanksgiving..
No. of Recommendations: 3
great POST!
Hope everyone has a Happy Thanksgiving"
Even the Jerks...
No. of Recommendations: 24
Even the Jerks...
There are no jerks here. Each of us has a different mix of flaws, that's all
Jim
No. of Recommendations: 2
“ Each of us has a different mix of flaws, that's all”
——————
& makes each of us question and reevaluate what we think we know!
“Happy 🦃 Thanksgiving to ALL”
ciao
No. of Recommendations: 13
makes each of us question and reevaluate what we think we know!
I don't know what I know, but I know that it's less than what I think I know.
I think?
That's one of the best rationales for "KISS" investing. For me, KISS means: buy only the stocks of companies offering a large amount of pretty predictable aggregate future profits for every dollar you invest. (current profits don't matter much)
Jim
No. of Recommendations: 22
“I don't know what I know, but I know that it's less than what I think I know.
I think?”
😁Reminds me of the know-ledge that:
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so. “ – Mark Twain
I’m still being humbled all the time!
Happy Thanksgiving to All , especially Manlobbi for this Special place of gathering!
