brilliance embedded in a human being

Biggy · 11-12-2005

The Oracle of Omaha...
From: http://online.wsj.com/article/SB1131...we_banner_left
(note: this isn't the complete article, and you will need a l/p to view it all)

"OMAHA, Neb. -- Warren Buffett, the billionaire investor and insurance executive, was in his office here this summer when he received a faxed letter about a company he'd never heard of.

The letter was from an adviser to Forest River Inc., an Elkhart, Ind., recreational vehicle maker. He proposed that Mr. Buffett buy the company for $800 million.

Mr. Buffett liked what he saw: The company had a big market share and little debt.

The next day, Mr. Buffett offered to buy Forest River and to let its founder, Peter Liegl, continue running it. He sealed the deal, at an undisclosed price, in a 20-minute meeting one week later. As the meeting wrapped up, Mr. Buffett told Mr. Liegl not to expect to hear from him more than once a year. Says Mr. Liegl: "It was easier to sell my business than to renew my driver's license."

Mr. Buffett has relied on gut instinct for decades to run Berkshire Hathaway Inc. Watch him at work inside his $136 billion investment behemoth, and what you see resembles no other modern financial titan. He spends most of his day alone in an office with no computer. He makes swift investment decisions, steers clear of meetings and advisers, eschews set procedures and doesn't require frequent reports from managers. Occasionally he picks up the phone, calls his broker and trades $100 million or more of stock."

Article then talks about how Berkshire's long term debt ratings are getting lowered as Buffett gets older, since he is not that easily replaced. Makes sense, who else listens to him religiously? I know I do.

Nickatilynx · 11-12-2005

You love warren Buffet , you do.

You want to go on a date with him

Newton · 11-12-2005

Damn ... Gut instinct is integral though and good luck to him

Biggy · 11-12-2005

Quote:

Originally Posted by Nickatilynx

You love warren Buffet , you do.

You want to go on a date with him

I'd marry him. It would entitle me to half.

pushpills · 11-12-2005

Quote:

Originally Posted by Biggy

I'd marry him. It would entitle me to half.

nope.

Dravyk · 11-13-2005

Quote:

Originally Posted by Biggy

Berkshire's long term debt ratings are getting lowered as Buffett gets older, since he is not that easily replaced. Makes sense, who else listens to him religiously? I know I do.

I listened to Warren Buffet once.

Now I can't the song "Margaritaville" out of my head!

PornoDoggy · 11-13-2005

Quote:

Originally Posted by Dravyk

I listened to Warren Buffet once.

Now I can't the song "Margaritaville" out of my head!

That, my friend, is blast-phlegmy (NO, MORGAN - DON'T VISUALIZE!!!

) .

Beware the VENGENCE of the parrot ...

Dravyk · 11-13-2005

Quote:

Originally Posted by PornoDoggy

That, my friend, is blast-phlegmy (NO, MORGAN - DON'T VISUALIZE!!!

) .

Beware the VENGENCE of the parrot ...

The Great Karnak says: May a macaw make poo-poo in your piña colada!

MorganGrayson · 11-13-2005

Quote:

Originally Posted by PornoDoggy

That, my friend, is blast-phlegmy (NO, MORGAN - DON'T VISUALIZE!!!

) .

Beware the VENGENCE of the parrot ...

Thank you, PD. That was kind.

Damn, that was close.

TheEnforcer · 11-13-2005

Warren Buffet is an amazing individual. The man has the most incredible gift one can have and uses it better than just about anyone.

And the parrot will get Dravyk for that remark....

Dravyk · 11-13-2005

Quote:

Originally Posted by TheEnforcer

And the parrot will get Dravyk for that remark....

Tough room, I'm telling ya!

11-12-2005	#1
Biggy Members Join Date: Jul 2003 Posts: 768	brilliance embedded in a human being The Oracle of Omaha... From: http://online.wsj.com/article/SB1131...we_banner_left (note: this isn't the complete article, and you will need a l/p to view it all) "OMAHA, Neb. -- Warren Buffett, the billionaire investor and insurance executive, was in his office here this summer when he received a faxed letter about a company he'd never heard of. The letter was from an adviser to Forest River Inc., an Elkhart, Ind., recreational vehicle maker. He proposed that Mr. Buffett buy the company for $800 million. Mr. Buffett liked what he saw: The company had a big market share and little debt. The next day, Mr. Buffett offered to buy Forest River and to let its founder, Peter Liegl, continue running it. He sealed the deal, at an undisclosed price, in a 20-minute meeting one week later. As the meeting wrapped up, Mr. Buffett told Mr. Liegl not to expect to hear from him more than once a year. Says Mr. Liegl: "It was easier to sell my business than to renew my driver's license." Mr. Buffett has relied on gut instinct for decades to run Berkshire Hathaway Inc. Watch him at work inside his $136 billion investment behemoth, and what you see resembles no other modern financial titan. He spends most of his day alone in an office with no computer. He makes swift investment decisions, steers clear of meetings and advisers, eschews set procedures and doesn't require frequent reports from managers. Occasionally he picks up the phone, calls his broker and trades $100 million or more of stock." Article then talks about how Berkshire's long term debt ratings are getting lowered as Buffett gets older, since he is not that easily replaced. Makes sense, who else listens to him religiously? I know I do. __________________ Create a solid TGP presence for your site(s). ICQ: 110850739

11-12-2005	#2
Nickatilynx Banned Want to see your own Advertising Here! Join Date: Oct 2002 Location: Vancouver Canada Posts: 15,115	Re: brilliance embedded in a human being You love warren Buffet , you do. You want to go on a date with him

11-12-2005	#3
Newton It's always business, never personal! The POWER of radio Oprano Radio Join Date: Aug 2004 Location: On a golf course Posts: 4,916	Re: brilliance embedded in a human being Damn ... Gut instinct is integral though and good luck to him __________________ Poser Bush in a mix-up over his hi-tech gizmo - ICLOD

11-13-2005	#10
TheEnforcer Scored VIP to Anton's Piss Tank Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 8,781	Re: brilliance embedded in a human being Warren Buffet is an amazing individual. The man has the most incredible gift one can have and uses it better than just about anyone. And the parrot will get Dravyk for that remark....