Buckeye Posted January 1 Posted January 1 12 minutes ago, Gregmal said: Lmfao sure pal….no one was even talking to you but jump in again to nitpick something I have to say; to the rescue of your idol! You’ve got this weird obsession with me sometimes….dudes and their male idols….shrug I’m not your pal. You seem like a huge douchebag.
DooDiligence Posted January 1 Posted January 1 19 minutes ago, Buckeye said: I’m not your pal. You seem like a huge douchebag. Ignore him. He'll go back to worshipping his golden trump idol.
John Hjorth Posted January 1 Posted January 1 11 hours ago, UK said: I kind of have more respect and think that know some 'strangers' much better than a lot of people I was unfortunate to knew personally...I like to call them my 'distance teachers':). No need to worship every aspect of their lives though. The wise words by @UK quoted here from upstream comes to mind here! - Food for thought? [Your personal perception of reality may not be similar, nor even identical, to the personal perception of reality of thy next!]
Gregmal Posted January 1 Posted January 1 38 minutes ago, Buckeye said: I’m not your pal. You seem like a huge douchebag. Name calling? Ouch!
ValueMaven Posted January 1 Posted January 1 Over the past 10 years, the GOAT has: bought back about `10% of the company, acquired OxyChem, Pilot Flying, Alleghany Corp, Precision Castparts, massive homerun in Japanese trading-house investments, while having a record about of operating income and over $350B of CASH.
John Hjorth Posted January 1 Posted January 1 9 minutes ago, ValueMaven said: Over the past 10 years, the GOAT has: bought back about `10% of the company, acquired OxyChem, Pilot Flying, Alleghany Corp, Precision Castparts, massive homerun in Japanese trading-house investments, while having a record about of operating income and over $350B of CASH. I'm personally an avid proponent of the attitude, stance expressed by @ValueMaven here!
John Hjorth Posted January 2 Posted January 2 Out of a pure deflection initiative, to get this topic back on track : To the left of me at my spot, I have a huge pile of books on the table, at the bottom in the pile is a catalogue of office articles, next the book from the under of the pile by Bill Gates , called 'How to avoid a climate disaster, [<- the book actually was a gift, and translated to Danish, as I see things by now, not publicly available - I may may be wrong on that fact, though!], never opened it, never reading just one page! : - - - o 0 o - - - Next, -from the bottom is : 'The Snowball' : - - - o 0 o - - - I remember having an exchange some time ago about Buffett and particularly this book with @73 Reds, and my personal stance is still that I really can't explain why I've not got rid of this book so far. Much of it may be true, but essentially it's just dirt! [And to me, there are just things and activities, that I don't engage in.] I started reading the book when I bought it, now many years ago, - at some point, I simply 'got enough of it'- it was just, to me, - nauseating! - - - o 0 o - - - Next, after some time passed, what happens to you, is that you start looking in the mirror at yourself with the book about Buffett as a reference! -Let me just say here, personally, that I've never learned so much from not reading a book in full! It is about behavior, - also here on CofB&F -, based on maintenance of personal dignity and most of all, maintenance of personal integrity! - - - o 0 o - - - Nobody is perfect by birth, 'by default', -adaption, adoption and improvement - by experience, learning - during the whole of life is what matters, and bring you forward!
Stuart D Posted January 2 Posted January 2 On 12/31/2025 at 1:16 PM, Gregmal said: If my purpose was purely financially I probably would be worth $100m+ by 40. The cost would’ve been missing things too dear to me in terms of life experiences. That’s pretty awesome man. If I dedicated myself 100% to financial gain I don’t think I’d be anywhere near $10m let alone $100m. Would that be mostly through investing in public securities?
Parsad Posted January 2 Posted January 2 On 12/31/2025 at 5:15 AM, 73 Reds said: I think investing started out as Buffett's sole purpose but as he grew older he morphed into more of a teacher. But I agree that money is far down the list of what is important, particularly once you have enough. That last bit is important in particular...money is far down the list once you have enough...to put food on the table, shelter your family, stay ahead of your bills and cover education/healthcare expenses. Until then...after God (for many, not me) and family, it is probably the 3rd most important thing in a person's life! Cheers!
Parsad Posted January 2 Posted January 2 On 12/31/2025 at 12:08 PM, John Hjorth said: Yeah, lack of repect for the elder, decency, politeness, and humility, humbleness. I'm not sure Greg was being disrespectful. I think that's just the Billy Bob Thornton in him coming out! Cheers!
Parsad Posted January 2 Posted January 2 5 hours ago, Buckeye said: I’m not your pal. You seem like a huge douchebag. That he can be...Cubs has the monopoly on that though! Cheers!
Parsad Posted January 2 Posted January 2 It's the beginning of a sad era for me...and probably many on here and outside of here! Forget about things like "The GOAT", etc. This guy was just the best fucking teacher I ever had! Outside of my father, no one has influenced me or my behavior as much...Prem and Francis come close. He had a direct effect on saving my somewhat worthless life at the time, redirecting my career choices and gave me the opportunity to do something that I was exceptionally good at...for the most part! Forget the fact that my financial independence and what I've been able to do for my family was a direct result of his teachings and influence. From the first word of the BRK 1998 Letter to Shareholders when it first became available online, he has shaped my thought process and given me opportunities I would never have been able to achieve on my own. He's not an idol to me as some are suggesting that is being worshipped...just the best teacher I've ever had...and he didn't even know me! Cheers!
UK Posted January 2 Posted January 2 17 minutes ago, Parsad said: just the best teacher I've ever had...and he didn't even know me! Cheers +1
Gregmal Posted January 2 Posted January 2 2 hours ago, Stuart D said: That’s pretty awesome man. If I dedicated myself 100% to financial gain I don’t think I’d be anywhere near $10m let alone $100m. Would that be mostly through investing in public securities? Yes. Twofold. I’ve been fortunate investing and compounding but also through working in financial advisory where this skill/luck could apread its tentacles. I got off the mat from not having a penny to my name as I was on my own since 17(cough, not having a 4 term politician father with a side hustle investment biz that handed me a job after university!). I was being somewhat facetious in response as my buddy @Mephistopheles acknowledged the thread started in jest as he drunkenly shitposted, but my main point was, especially in certain businesses like financials, it’s not hard to make money if that’s your only prerogative in life. Formula is actually simple, kill it in your 20s building AUM with performance similar to what is commonplace here(see annual returns thread), market well, scale, and profit share. $100m by 40(which I’m not even yet but somehow fuckeye mistook for my networth) really isn’t that hard based purely on math. And to further clarify, this takes nothing away from WEB status as GOAT as far as investing goes. It’s just life priorities. I always wanted a nice house, car, boat and family. Check those boxes and I’m out.
Gregmal Posted January 2 Posted January 2 1 hour ago, Parsad said: I'm not sure Greg was being disrespectful. I think that's just the Billy Bob Thornton in him coming out! Cheers! Yea, basically. It is what it is. It’s funny seeing how many people I know personally here are good and we jest(yea even the liberal ones!), and then these randos come in trying to pick fights and I’m just like….meh
dochood Posted January 2 Posted January 2 9 hours ago, Parsad said: He's not an idol to me as some are suggesting that is being worshipped...just the best teacher I've ever had...and he didn't even know me! Cheers! +1
73 Reds Posted January 2 Posted January 2 10 hours ago, Parsad said: It's the beginning of a sad era for me...and probably many on here and outside of here! Forget about things like "The GOAT", etc. This guy was just the best fucking teacher I ever had! Outside of my father, no one has influenced me or my behavior as much...Prem and Francis come close. He had a direct effect on saving my somewhat worthless life at the time, redirecting my career choices and gave me the opportunity to do something that I was exceptionally good at...for the most part! Forget the fact that my financial independence and what I've been able to do for my family was a direct result of his teachings and influence. From the first word of the BRK 1998 Letter to Shareholders when it first became available online, he has shaped my thought process and given me opportunities I would never have been able to achieve on my own. He's not an idol to me as some are suggesting that is being worshipped...just the best teacher I've ever had...and he didn't even know me! Cheers! For me it was the combination of Buffett and Munger. Buffett taught me about investing but Munger taught me more about life.
CassiusKing1 Posted January 2 Posted January 2 18 minutes ago, 73 Reds said: For me it was the combination of Buffett and Munger. Buffett taught me about investing but Munger taught me more about life. Agreed. Charlie's approach was much more entertaining though! LOL.
Libs Posted January 2 Posted January 2 22 hours ago, ValueMaven said: Over the past 10 years, the GOAT has: bought back about `10% of the company, acquired OxyChem, Pilot Flying, Alleghany Corp, Precision Castparts, massive homerun in Japanese trading-house investments, while having a record about of operating income and over $350B of CASH. Not to mention making $120B on Apple stock!
Charlie Posted January 3 Posted January 3 (edited) Buffett says Berkshire has the best odds of any company for lasting 100 more years as he hands over reins. https://www.cnbc.com/2026/01/02/warren-buffett-retirement-final-interview-berkshire-has-the-best-odds-of-lasting-a-century.html “It has a better chance I think of being here 100 years from now than any company I can think of,” Buffett told Becky Quick in a special interview, parts of which aired on CNBC Friday.... The 95-year-old investor also signaled a quieter public role going forward, saying he will not take the stage at Berkshire’s annual shareholder meeting this year, a notable shift from a tradition that has drawn tens of thousands of investors to Omaha for decades. “Everything will be the same,” Buffett said. “I will come in. I won’t be up there speaking at the annual meeting, but I’ll be in the directors’ section.” Edited January 3 by Charlie
Parsad Posted January 3 Posted January 3 18 hours ago, 73 Reds said: For me it was the combination of Buffett and Munger. Buffett taught me about investing but Munger taught me more about life. The fact remains, most of us would never have known anything about Ben Graham or Charlie Munger if it wasn't for Warren Buffett. It was Buffett who made buying stocks calculable...not the "buy what you know shit", etc spoused by others. Buffett expounded on Ben Graham in a way that allowed the individual to value stocks similarly to bonds. Combine that with all the lessons on business, insurance, float, accounting, etc...Buffett shared his knowledge in a way that very few others did. No one would have paid attention to the Daily Journal Corp...there would never have been an "Old Charlie's Almanac"...etc. Munger didn't seek notoriety and would never have been as well known. Buffett gave Munger his platform...and we are lucky that he did! Cheers!
John Hjorth Posted January 3 Posted January 3 Ravi Nagarajans take on the retirement of Warren Buffet from Berkshire Hathaway : The Rational Walk [December 31st 2025] : Greg Abel's unique challenge.
DooDiligence Posted January 3 Posted January 3 7 hours ago, Parsad said: The fact remains, most of us would never have known anything about Ben Graham or Charlie Munger if it wasn't for Warren Buffett. It was Buffett who made buying stocks calculable...not the "buy what you know shit", etc spoused by others. Buffett expounded on Ben Graham in a way that allowed the individual to value stocks similarly to bonds. Combine that with all the lessons on business, insurance, float, accounting, etc...Buffett shared his knowledge in a way that very few others did. No one would have paid attention to the Daily Journal Corp...there would never have been an "Old Charlie's Almanac"...etc. Munger didn't seek notoriety and would never have been as well known. Buffett gave Munger his platform...and we are lucky that he did! Cheers! We also never would've heard about Harry Bottle and the investment philosophies he inspired in Uncle Warren. https://www.kingswell.io/p/the-lessons-of-a-lousy-business Does anyone have a link to more on Harry Bottle? I can't find anything on him pre or post Dempster.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now