Author Topic: Buffett/Berkshire - general news  (Read 389706 times)

Kraven

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1534
Re: Buffett/Berkshire - general news
« Reply #30 on: October 31, 2014, 05:11:54 AM »
Maybe I'm being bitchy, but does anyone else think Brit Cool should stop giving advice and interviews until she has actually done something?  She's 30 years old and the only thing I'm aware of her having done is hire the husband of a friend of hers to run Benjamin Moore and subsequently fire him when he cheated on her friend with a secretary.

http://finance.yahoo.com/news/advice-buffetts-30-old-hand-174812229.html

No, you're not being bitchy but it's pretty clear you don't understand.  I will help you here.  I could give you a long winded explanation, but instead I will go a step further.  There are several truisms in the investing world that the sooner you commit to memory, the easier your investing will be.  If after reading through these and digesting them you still don't understand please let me know and I will discuss further. 

In no particular order, here they are:

1.  Any decision by Buffett is correct.

2.  Any statement by Buffett or Munger is witty, profound and embedded with the truth of the universe.

3.  Fairfax will compound book value at 15% a year.

4.  Any time the market falls more than 0.1% Fairfax's hedges are proven correct.

5.  Eddie is a genius and the more his decisions are incomprehensible to the average person, the more genius they are.

6.  Eddie is a kick ass capital allocator and, thus, his capital allocation decisions are kick ass.

Hope this helps.
Buy cheap and something good might happen.


onyx1

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 797
Re: Buffett/Berkshire - general news
« Reply #31 on: October 31, 2014, 05:26:23 AM »
Maybe I'm being bitchy, but does anyone else think Brit Cool should stop giving advice and interviews until she has actually done something?  She's 30 years old and the only thing I'm aware of her having done is hire the husband of a friend of hers to run Benjamin Moore and subsequently fire him when he cheated on her friend with a secretary.

http://finance.yahoo.com/news/advice-buffetts-30-old-hand-174812229.html

No, you're not being bitchy but it's pretty clear you don't understand.  I will help you here.  I could give you a long winded explanation, but instead I will go a step further.  There are several truisms in the investing world that the sooner you commit to memory, the easier your investing will be.  If after reading through these and digesting them you still don't understand please let me know and I will discuss further. 

In no particular order, here they are:

1.  Any decision by Buffett is correct.

2.  Any statement by Buffett or Munger is witty, profound and embedded with the truth of the universe.

3.  Fairfax will compound book value at 15% a year.

4.  Any time the market falls more than 0.1% Fairfax's hedges are proven correct.

5.  Eddie is a genius and the more his decisions are incomprehensible to the average person, the more genius they are.

6.  Eddie is a kick ass capital allocator and, thus, his capital allocation decisions are kick ass.

Hope this helps.

Classic!

warrior

  • Jr. Member
  • **
  • Posts: 76
Re: Buffett/Berkshire - general news
« Reply #32 on: October 31, 2014, 07:21:33 AM »
Maybe I'm being bitchy, but does anyone else think Brit Cool should stop giving advice and interviews until she has actually done something?  She's 30 years old and the only thing I'm aware of her having done is hire the husband of a friend of hers to run Benjamin Moore and subsequently fire him when he cheated on her friend with a secretary.

http://finance.yahoo.com/news/advice-buffetts-30-old-hand-174812229.html

No, you're not being bitchy but it's pretty clear you don't understand.  I will help you here.  I could give you a long winded explanation, but instead I will go a step further.  There are several truisms in the investing world that the sooner you commit to memory, the easier your investing will be.  If after reading through these and digesting them you still don't understand please let me know and I will discuss further. 

In no particular order, here they are:

1.  Any decision by Buffett is correct.

2.  Any statement by Buffett or Munger is witty, profound and embedded with the truth of the universe.

3.  Fairfax will compound book value at 15% a year.

4.  Any time the market falls more than 0.1% Fairfax's hedges are proven correct.

5.  Eddie is a genius and the more his decisions are incomprehensible to the average person, the more genius they are.

6.  Eddie is a kick ass capital allocator and, thus, his capital allocation decisions are kick ass.

Hope this helps.

Classic!


+1… , Indeed, classic Kraven

thefatbaboon

  • Sr. Member
  • ****
  • Posts: 477
Re: Buffett/Berkshire - general news
« Reply #33 on: October 31, 2014, 09:17:03 AM »
But Kraven I have long accepted this code  ;D  You'll note however that even on the list of commandments there is no mention of Brit Cool!

Palantir

  • Hero Member
  • *****
  • Posts: 2620
Re: Buffett/Berkshire - general news
« Reply #34 on: October 31, 2014, 09:23:25 AM »
Maybe I'm being bitchy, but does anyone else think Brit Cool should stop giving advice and interviews until she has actually done something?  She's 30 years old and the only thing I'm aware of her having done is hire the husband of a friend of hers to run Benjamin Moore and subsequently fire him when he cheated on her friend with a secretary.

http://finance.yahoo.com/news/advice-buffetts-30-old-hand-174812229.html

Now I ain't saying she a gold digger,
But she ain't messin' with no broke...
My Portfolio: AMZN, PAGP, FSLR, OKE, PYPL, RHT, MSFT

alwaysinvert

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 849
    • värdeinvesteraren
Re: Buffett/Berkshire - general news
« Reply #35 on: October 31, 2014, 02:57:00 PM »
Maybe I'm being bitchy, but does anyone else think Brit Cool should stop giving advice and interviews until she has actually done something?  She's 30 years old and the only thing I'm aware of her having done is hire the husband of a friend of hers to run Benjamin Moore and subsequently fire him when he cheated on her friend with a secretary.

http://finance.yahoo.com/news/advice-buffetts-30-old-hand-174812229.html
Is that part true? If it is, it really doesn't bode well for BRK post-Buffett. On the other hand, pardon me if I'm being sexist or something here, but hiring her straight out of school when he has turned down multiple super talents with far more experience (Pabrai comes to mind) who also offered to work for free/very little may not have been optimal either.

Palantir

  • Hero Member
  • *****
  • Posts: 2620
Re: Buffett/Berkshire - general news
« Reply #36 on: October 31, 2014, 07:38:41 PM »
^To be fair, WEB does have a weakness for young, attractive blondes...
« Last Edit: October 31, 2014, 08:12:44 PM by Palantir »
My Portfolio: AMZN, PAGP, FSLR, OKE, PYPL, RHT, MSFT

rmitz

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 502
Re: Buffett/Berkshire - general news
« Reply #37 on: November 01, 2014, 06:17:18 AM »
^To be fair, WEB does have a weakness for young, attractive blondes...

I think it’s much more likely that she got lucky.  She can’t have been the first woman to try.  He may have started to realize just at that time that he needed more help for some of these things. 

sleepydragon

  • Hero Member
  • *****
  • Posts: 630
Re: Buffett/Berkshire - general news
« Reply #38 on: November 01, 2014, 10:26:18 AM »
^To be fair, WEB does have a weakness for young, attractive blondes...

I think it’s much more likely that she got lucky.  She can’t have been the first woman to try.  He may have started to realize just at that time that he needed more help for some of these things.

To be fair, consider this: she was a new MBA graduate in 2009. During the summer of 2008, she had internship with Lehman Brothers, Bank of America, and 85 Broad (85 Broad is a None-profit organization founded by Women MDs/Partners at Goldman sachs). In 2008, every banks was firing people, nobody was hired. Lehman bankrupted. Yet, she got 3 jobs. And she had no real world work experience, especially in finance(before MBA, she was an undergraduate at harvard). After graduation, she got a job with Warren Buffet when I think she could be the only person in her MBA class who got a job.

LC

  • Hero Member
  • *****
  • Posts: 3208
Re: Buffett/Berkshire - general news
« Reply #39 on: November 01, 2014, 10:44:49 AM »
Maybe I'm being bitchy, but does anyone else think Brit Cool should stop giving advice and interviews until she has actually done something?  She's 30 years old and the only thing I'm aware of her having done is hire the husband of a friend of hers to run Benjamin Moore and subsequently fire him when he cheated on her friend with a secretary.

http://finance.yahoo.com/news/advice-buffetts-30-old-hand-174812229.html
Is that part true? If it is, it really doesn't bode well for BRK post-Buffett. On the other hand, pardon me if I'm being sexist or something here, but hiring her straight out of school when he has turned down multiple super talents with far more experience (Pabrai comes to mind) who also offered to work for free/very little may not have been optimal either.

http://nypost.com/2013/10/13/buffett-protege-caught-in-ceo-sex-mess/

Haha this is funny. A 29 year old exec hires her 36 year old friend's 61 year old husband. A marriage based on undying love, no doubt, and an executive hire based entirely on merit, I'm sure. Results: as expected.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
----------------------------------------------------------------------------------------
brk.b | dis | irm | mo | nlsn | pm | relx | tap | tfsl | vz | wm