nodnub Posted April 12, 2011 Posted April 12, 2011 So Warren has stated that he has never smoked and never drinks alcohol. Maybe this is the secret formula? --kidding ;D Does anyone here know if Charlie Munger drinks alcohol at all? I could only find the following Munger quote. "Drugs and alcohol impair judgment without awareness". but no reference to his personal habits. It had me wondering: Are value investors more likely to be teetotallers?
Parsad Posted April 12, 2011 Posted April 12, 2011 Well, I'm the only one who has voted so far. And no, not all value investors are teetotallers! I drink a cup of coffee every day, and I usually have at least one glass of wine or some other hard drink every weekend...usually no more than 3-4 a month. I drink green tea with my dim sum or chinese food, and I usually will have a cup of tea every evening. I usually have 2 cans of Coke a week as well...usually when I'm watching my Canucks play. Not a real beer drinker, other than Guiness or the occasional pale ale if I'm out some where. Cheers!
Sullivcd Posted April 12, 2011 Posted April 12, 2011 From page 173 of Janet Lowe's Munger biography: Unlike Buffett, who is a teetotaler, Munger doesn't mind substituting his Coke with an occasional beer or glass of wine.
Guest Posted April 12, 2011 Posted April 12, 2011 Is abstaining from alcohol really something a lot of a value investors do?
nodnub Posted April 12, 2011 Author Posted April 12, 2011 Is abstaining from alcohol really something a lot of a value investors do? If you read the poll results, you could see that the answer is no. Only 20% of 29 voting boardmembers abstain from alcohol. Of course, it is unlikely that any of us will replicate WEB's success in investing regardless of what we pour in our drinking glass.
Guest Posted April 12, 2011 Posted April 12, 2011 Is abstaining from alcohol really something a lot of a value investors do? If you read the poll results, you could see that the answer is no. Only 20% of 29 voting boardmembers abstain from alcohol. Of course, it is unlikely that any of us will replicate WEB's success in investing regardless of what we pour in our drinking glass. Yeah, I've noticed that, too. Is that more than average for the population?
cayale Posted April 12, 2011 Posted April 12, 2011 The best part of this thread is the ad popping up for Sober College. See you there, lushes!
Guest Posted April 12, 2011 Posted April 12, 2011 The best part of this thread is the ad popping up for Sober College. See you there, lushes! hahaha. true ;D
cwericb Posted April 12, 2011 Posted April 12, 2011 Hahaha - I'm not seeing that ad & what is showing on my screen is... "Hangover Cure Review Hangover Cures Reviewed Drink And Feel Fine The Next Day www.hangovercuresreview.com" ...seems "Sober College" has given up on us and someone else thinks we may need help??
ericd1 Posted April 12, 2011 Posted April 12, 2011 I never drink... BeerBaron And I'm the Easter Bunny!!!
EdWatchesBoxing Posted April 13, 2011 Posted April 13, 2011 I recently discovered Redbreast and I like it a lot. http://www.lcbo.com/lcbo-ear/lcbo/product/details.do?language=EN&itemNumber=636845
ragnarisapirate Posted April 13, 2011 Posted April 13, 2011 Interesting results. Some of us don't drink because we're nerds and others of us drink because we are! ;) It would be interesting to see about other lifestyle habits of the board. I wonder if we all eat as much like a kid as Warren... I am guessing Charlie would be a bit more distinguished in his diet. Hell, it'd even be interesting to see if there were any of the investment banker style coke heads on here!
eclecticvalue Posted April 13, 2011 Posted April 13, 2011 value investors that i know drink are David Einhorn and Peter Cundrill. Hell, Cundrill found out about value investing after a hangover. I wonder if discovering value investing change his lifestyle.
eclecticvalue Posted April 13, 2011 Posted April 13, 2011 Oh yea dont forget about the fund manager from the vice fund.
ragnarisapirate Posted April 13, 2011 Posted April 13, 2011 Oh yea dont forget about the fund manager from the vice fund. Yeah, but that's job related. It's the scuttlebutt that Phil Fisher talked about... right?
Guest Posted April 13, 2011 Posted April 13, 2011 value investors that i know drink are David Einhorn and Peter Cundrill. Hell, Cundrill found out about value investing after a hangover. I wonder if discovering value investing change his lifestyle. Regarding Cundill. It's interesting that he died so young for a value guy at 72. A lot of these guy live until old age and function quite nicely. I don't think 72 really qualifies as being that old anymore.
Sea Island Posted April 13, 2011 Posted April 13, 2011 Cundill contracted Fragil X, which is why he died "early". I believe that Donald J. Trump has stated several times that he does not drink or smoke. He may be the value exception that proves the value drinkers rule? I also read that Tom Ward, SandRidge CEO, likes to eat a steak six nights a week for dinner. Buffett eats lots of cheeseburgers, perhaps a carnivore index would be more instructive than an alchohol index? Show me the manager that has outperformed and is also a vegan,
shalab Posted April 13, 2011 Posted April 13, 2011 If you die at <85, you died young for a value person. I think 95 is the par.
Investmentacct Posted April 13, 2011 Posted April 13, 2011 Re Sea Island 2% of world's billionaires from this Indian community are considered to be pure vegetarian. One guy on the list is regarded as buffett of India. http://en.wikipedia.org/wiki/Marwaris
Sea Island Posted April 13, 2011 Posted April 13, 2011 Now I am going to have to spend a bunch of time looking for a picture of Mittal eating a steak! Thanks,
DCG Posted April 13, 2011 Posted April 13, 2011 Usually have a few beers or glasses of wine on Friday and Saturday nights, and once in a while during the week. With a 2-month-old baby, the amount of drinking I do is quite a bit less than before. I also home-brew quite a bit, or at least I did before the baby.
gfp Posted April 13, 2011 Posted April 13, 2011 I'm with the Leucadia guys: "Once again, we remind you that wine is food and it fosters both good times and laughter with family and friends, something that is too often missing in the world today. Raise a glass soon with your loved ones."
Parsad Posted April 13, 2011 Posted April 13, 2011 That's a perfect quote from the guys at Leucadia. I love it...now I'm going to have a drink! ;D Cheers!
twacowfca Posted April 13, 2011 Posted April 13, 2011 Cundill contracted Fragil X, which is why he died "early". I believe that Donald J. Trump has stated several times that he does not drink or smoke. He may be the value exception that proves the value drinkers rule? I also read that Tom Ward, SandRidge CEO, likes to eat a steak six nights a week for dinner. Buffett eats lots of cheeseburgers, perhaps a carnivore index would be more instructive than an alchohol index? Show me the manager that has outperformed and is also a vegan, Isn't Fragile X congenital? Please explain.
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