Warren Buffett’s Meeting with University of Maryland MBA Students

[indythinker85]

http://blogs.rhsmith.umd.edu/davidkass/uncategorized/warren-buffetts-meeting-with-university-of-maryland-mbams-students-november-15-2013/

[wescobrk]

Awesome!

Great read.

Thanks for posting.

Lots of great stuff.

"Managing 1 million should outperform S&P by 10 points without leverage or extra risk."

[Charlie]

"Awesome!

Great read.

Thanks for posting.

Lots of great stuff."

 

+1  :)

[Guest longinvestor]

Loved reading, thanks for posting. I picked out some nuggets,

 

If there’s 1 in 1000 chance that an investment decision can threaten permanent loss to other people, I just won’t do it.

 

“A bird in the hand is worth two in the bush”. But you need to question it – How sure are you that there are two in the bush? How far is the bush? What is the interest rate? (laughter). In investments, you lay out money now and get more money later on. Berkshire is putting more birds in the bush all the time.

 

Cash at that time is like oxygen. When you don’t need it, you don’t notice it. When you do need it, it’s the only thing you need. We operate from a level of liquidity that no one else does. We don’t want to operate on bank lines.

 

BRK has unusual shareholders, many of whom have 80% of their net worth in BRK.  I have almost 100% of my net worth in BRK.