For a while now, I have been doing a lot of research into the stock market. And the most reasonable voice I found is Warrent Buffet.
Is there someone profound like him who thinks about the tech sector? Especially about companies that yet have to beome profitable?
I was watching a video on YouTube about Buffett's early years and it mentioned that at the age of 25, he felt he had enough funds to retire and was seriously considering it.
Quote from him: “The thing is, when I got out of college, I had $9,800, but by the end of 1955, I was up to $127,000. I thought, I’ll go back to Omaha, take some college classes, and read a lot—I was going to retire! I figured we could live on $12,000 a year, and off my $127,000 asset base, I could easily make that. I told my wife, “Compound interest guarantees I’m going to get rich.”
In "retirement", some people asked him what to do with their money, and he ended up starting a partnership to help manage money... the rest is history!
Just a fun thing I thought I'd share in this forum ^^
More details on this here: https://www.budgetsaresexy.com/warren-buffett-the-original-early-retiree/
This is of course assuming you know what you are doing, and still follow the value-based investment approach, but this is in contrary to most investment advice I've seen on reddit, which generally encourages buying index funds to reduce risk. What do you think?
EDIT: Oops, just realized I misspelled his name, maybe I'm getting hungry.
My dog treats the entire sidewalk like a buffet. I've taught him the "leave it" command, and he's getting ok with following it.
However, the problem is that my guy literally treats every scrap of garbage on the street like it's food. It doesn't help that I live in a busy urban area with a thriving homeless population, so there's always random crap all over the street.
So let's say we're walking down the street. If I see a discarded pizza crust, or chicken bone, or even an empty food container, I know my dog's gonna gun for it. So I preemptively give a "leave it" and he'll generally follow.
But then my dog will see a leaf. Or a feather. Or a twig. Or a pebble. Or some dirt. Or some paper. Or a scrap of fabric. Or a shred of plastic shrinkwrap. Or any other random garbage that I would never expect him to eat. But then he goes for a sniff and then bam! right into his mouth. So am I just supposed to walk down the street going "leave it leave it leave it leave it leave it leave it leave it leave it" nonstop?
To make matters worse, he's gotten real sneaky with this too. I don't want to hold him back from a normal doggie life, so I try to let him sniff stuff when he wants. But he'll really bury his nose in whatever he's sniffing and - because he knows I'll pull out anything he puts into his mouth - he'll sneakily nudge things into his mouth while pretending to sniff. He's so good at it that I sometimes have trouble telling whether he put something in his mouth, even when I bend down and stick my face within a couple feet of his.
Any advice would help. Thanks!
I'm from Europe and here we are told that if we must pick just one index fund for a long term reccuring investment, we shouldn't invest it all in a S&P 500 etf but into a ACWI etf.
A provocative question I'd like to hear your opinion on: is Warren Buffet "stupid" to choose the S&P 500 index fund instead of the more diversified ACWI fund? I put stupid in quotes of course as he's known to be one of the best investor of all times.
Why is it OK for him to invest everything he has into an American market but not for me? John Bogle also thinks investing more than a few percent of your portfolio in a World fund is unnecessary; the rest should be invested in the US market according to him.
Looking at the historic performance of both indexes the S&P 500 index heavily outperforms the ACWI index over the last few decades. So why wouldn't you invest it all into a S&P 500 etf if you had to choose just one etf long term? Why is the ACWI etf a better choice?
Just a week ago, Berkshire filed their 8-k.
They have borrowed 600 million in Euros.
This is similar to last year where Buffet borrowed the Yen and then purchased a 5% stake in large 5 Japanese trading companies including Mistubishi.
Furthermore, in 2019, Buffet in his annual shareholder meeting stated his intention to get a deal in the UK or Europe.
>And we'd love to put more money into the U.K. I mean, if I get a call tomorrow and somebody says, you know, "I've got an X-billion-dollar... pound... company that I think might make sense for you to own," and that I would like to actually have as part of Berkshire, you know, I'll get on the plane and be over there.
>But they'll have to name... they'll have to tell me what their price ideas are, and what its earnings... I'm not interested in going over and talking about it and pricing it for them and not making a deal. We like to make deals when we actually get into action. And we're hoping for it.
>And we're hoping for a deal in the U.K., and/or in Europe, no matter how Brexit comes out.
So what do you all think he is buying? Reckitt Benckiser, a consumer goods company based in England has household names such as Durex, Airwick, and Dettol which should seem to fit his investing philosophy of buying what he knows.. but a quick look on YahooFinance shows that they're holding a lot of debt.
For more discussion with like-minded value investors and all things Berkshire Hathaway, check out /r/brkb
Oh, excuse me while I just grab my belongings from this chair and relocate myself... I never liked this table anyway, and you can finish my orange juice.
People’s Republik of Kalifornia. So this was a big deal for me. I was visiting the USA on business and found myself in Utah. Imagine my surprise when I saw a Golden Corral open. No I’m not overweight or retired. I just love mass quantities and variety of low quality food that I can get on my own.
So I walked in with my mask on cause I was still unsure of etiquette. In my country one does not go anywhere without their mask on. Except a restaurant called The French Laundry that our President frequents. I look around and I see many Americans sitting and even walking up to the buffet without masks on. I was nervous and asked the hostess if I had to wear a mask at any time in their establishment but a server walking by answered first.
“You don’t need to do a fucking thing but sit down and eat and relax.”
NGL it scared me. This type of crime has been met by men with machine guns in my country. Not a joke. But I threw caution to the wind cause when in Rome ya know? I peeled off my mask and got to grubbin. It was pure heaven.
St. George, Utah. Apparently a coronavirus hotspot too. But it appears the people there aren’t scared to risk a less than 1% chance of dying.
I enjoyed my time in your country, Americans. I loved it so much we’ve decided to immigrate there. Legally of course.
I left a fat tip for the server/busser who was also the one who responded to my query in such an awesome fashion.
Our half a trillion dollar gorilla is growing fast. \m/