Buffett_Groupie

So far, Tilson is on the right track: https://finance.yahoo.com/q?s=brka&ql=1 :) Still behind AAPL, XOM, GOOG and MSFT, but will see by May next year for the 50th anniversary in Omaha!

http://www.tilsonfunds.com/BRK.pdf :)

Temperament being equal, genius IQ is better than high IQ which is better than average IQ in investing! One can decide for oneself which level of IQ Buffett/Munger duo possesses. If you're an BRK shareholder, you're already convinced their IQ is higher than yours, which is what matters and everything else is irrelevant, right? :) If you aren't one, then you can debate the IQ issue for decades while coming up with all kinds of reasons for not becoming one: size, succession, scarcity of elephants, the duo's health, age, diet, mental state...

http://www.forbes.com/sites/robertcringely/2014/09/10/apple-proves-that-moats-are-for-dummies/?partner=yahootix

Is IBM a tech? :)

That's a darn good answer, thanks for enlightening me!

The Buffett/Munger duo didn't focus on outsmarting others who are smarter than they're, according to Munger, they did it by avoiding doing dumb things the smarter people do as part of "Invert, Always Invert" approach. He called it "ignorance removal". They're simply humble to say there're a lot more smart people than they're. What are your thoughts?

I will any less than 15! :)

Fill in the blanks: It took 20 years from IPO at $12 to $1,000. - 9 years from $1,000 to $10,000 - 14 years from $10,000 to $100,000 8 years from $100,000 to $200,000 (today, August 14, 2014) ?? Years from $200,000 to $1,000,000

Expecting to be out of misery today! LOL :)

If it doesn't reach the milestone tomorrow, one of you can simply place an order for $200,000 to make me happy! LOL :)

Making another run for $200,000: :) http://finance.yahoo.com/q?s=brk-a&ql=1

It's good to under-estimate by everyone and over-deliver by Buffett! Besides, 8.5% compounded for 2 decades years without paying any taxes (until sale) is much better than 8.5% dividend or interest income, right? In addition, if you borrow money at 3% to get 8.5% while the interest expense is 100% deductible against your personal income, then your effective borrowing rate is less than 2%, which translates to even higher return than 8.5%! LOL :)

https://finance.yahoo.com/q?s=BRK-A&ql=1 Enjoy and cheers!

Company worth $6.6 billion without revenue: http://finance.yahoo.com/q?s=PBYI :)

We used the gift cards from the AGM to shop at the Toronto location! :-)

http://www.retail-insider.com/retail-insider/2014/6/sporting-life

If BRK is $1M today! :-)

http://www.cnbc.com/id/101748275?__source=yahoo%257cfinance%257cheadline%257cheadline%257cstory&par=yahoo&doc=101748275%257cNew+clues+on+Warren+Buffe

Any idea when DJCO's AGM is taking place?

It will be a quarter mil ($250,000) by 2015 AGM time!

I'm 50, so it will happen in my lifetime :D

But I'm still in pain :(

When it first became public, it's at $12 per share and no one expected it'd reach $100. Then when it reached $100, no one expected it'd reach $1,000. Then when it reached $1,000, no one expected it'd reach $10,000. Then when it reached $10,000, no one expected it'd reach $100,000. Then when it reached $100,000, now no one expects it'd reach $........ per share (you can fill in the blank here! LOL :-)) Enjoy the fun and the bull markets hitting historic highs each week! :-) It's very painful for value investors, including yours truly here as every sale seemed to be premature this year :-( How do you folks fight or ease such pain? Any help is appreciated before I spend a fortune on a psychiatrist!

Here is my 2001 Honda with 180,000KM on it: great van to shuttle teenage kids to-and-from school and swimmers to-and-from the pool for a total of 50 trips a week! ;D