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brker_guy

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    The profit

    in General Discussion

    Posted

    "Products.  Process.  People".  You got to love that catch phrase.  :) I love the show too!  We need more rational CEOs like this guy who put these P's before themselves and their golden parachute.

     

    Marcus Lemonis has an interesting bio:

     

    http://en.wikipedia.org/wiki/Marcus_Lemonis

     

    I think Shark Tank has too much prima donnas factor built into it.  A little bit too much of Mark Burnett's Survivor flavor in it which I don't think is realistic. 

     

    I will surely miss "The Profit" once I cut the cable cord later this year...

     

    Buffett is an old white man crapping on tech he doesn't understand

    in General Discussion

    Posted

    I don't want to add more fuel to this already inflated Social Media-infused bubble we are living under which reminds me so much of 1999, and that party didn't end so well as you guys might have remembered.

     

    However, I want to share with you guys this article.  It's a fascinating read:

     

    The Brutal Ageism of Tech

     

    http://www.newrepublic.com/article/117088/silicons-valleys-brutal-ageism

     

    My least favorite quote of the entire article,

    “Young people are just smarter”, Facebook CEO Mark Zuckerberg told an audience at Stanford back in 2007.

     

     

     

    Hedge Fund Manager Wants to Be on TV

    in General Discussion

    Posted

    But class and reputation need to be nurtured too. Maybe it's hard to do when you've made quite a bit of "free money."

     

    Not to mention having a little bit of humility along the way?  The thing that made Buffett and Munger great is that they are humble in their earlier successes.  It's how you carry yourself after you become good that makes you great, not how cocky you are that makes you great.  We shall see how his long positions will do in the next 5 years, shall we?

    Munger DJCO More Details?

    in Berkshire Hathaway

    Posted

    JBird,

     

    I have a set of notes for 2010 and 2011 somewhere on one of my computers at home.  I will look for it.  The first few years when I went, my friends and I put together a set of notes that we passed around to share among ourselves.

     

    The last 2 years, Charlie has talked a lot more.  So, the quality of the notes is much better.

    Ha, ha, ha, ha, ha!

    in General Discussion

    Posted

    Sanjeev, you are killing me man!!!! ;D ;D ;D

     

    The irony of the book title and the name of the author, Harry "Long", is simply classic.  I think he should just go with an alias like "Goe Long", and this would have been worth $500, not $200...

    Jeff Bezos Buys Washington Post

    in Berkshire Hathaway

    Posted

    The Washington Post Co.’s newspaper division, of which The Post newspaper is the most prominent part, has suffered a 44 percent decline in operating revenue over the past six years. Although the paper is one of the most popular news sources online, print circulation has dwindled, too, falling another 7 percent daily and Sundays during the first half of this year.

     

    I think the above quote from the article might explain why it didn't end up in Warren's hands.

     

    The New York Times, controlled by the Sulzberger family, is among the last major dailies still operated by descendants of its early proprietor. It acquired The Boston Globe from members of the Taylor family in 1993 for $1.1 billion; it announced last week it was selling the paper for a mere $70 million to Boston businessman John W. Henry, a businessman who owns the Boston Red Sox.

     

    I don't think Warren wants to be like the Sulzberger family selling the Boston Globe for pennies on the dollars after spending $1BIL+ buying the asset.

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