| Author | Message | ||
     Tilak Hero Username: Tilak Post Number: 12160 Registered: 02-2012 Posted From: 14.96.93.36 Rating: N/A |
The genius of Buffet lies in the consistency in applying his principles, dynamism with which he defeats a mistake and adapts to the correct idea! "India must conquer the World and nothing less than that is my ideal" || "...with patriotism must be associated a real feeling for others... We must not forget that we have to teach a great lesson to the world... religion and philosophy..." - Swami Vivekananda | ||
| Feelgud Junior Artist Username: Feelgud Post Number: 454 Registered: 06-2009 Posted From: 147.178.7.20 Rating: N/A |
"We don't get paid for activity, just for being right. As to how long we will wait, we'll wait indefinitely." Buffett likes to wait when the market does not offer enough opportunities. All of last year, Berkshire had been sitting with excess of $40 billion in cash earning next to nothing in the US's low-yield environment even though he has said he likes to keep only about $20 billion in cash. For Heinz, Buffett says he had been maintaining a file on the firm since 1980 but moved only when he thought the time was right. "Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's," he once wrote. www.TheLinuxDesk.com | ||
| Feelgud Junior Artist Username: Feelgud Post Number: 453 Registered: 06-2009 Posted From: 147.178.7.20 Rating: N/A |
"I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over." Buffett does not try to chase companies that would produce a dynamic shift in an industry or ones that are expected to be the next great growth opportunity. He instead buys "boring" firms that produce strong cash flows over time. "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ," he points out. www.TheLinuxDesk.com | ||
| Feelgud Junior Artist Username: Feelgud Post Number: 452 Registered: 06-2009 Posted From: 147.178.7.20 Rating: N/A |
"Our approach is very much profiting from lack of change rather than from change. [For example] with Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like." Buffett sticks with predictable, easy-to-understand businesses, which would grow over time. "Heinz is our kind of company with fantastic brand," Buffett told CNBC of the purchase, pointing out to his affinity for buying firms in the Coca Cola mould with strong and sticky brand recognition. www.TheLinuxDesk.com | ||
| Feelgud Junior Artist Username: Feelgud Post Number: 451 Registered: 06-2009 Posted From: 147.178.7.20 Rating: N/A |
My fav's. "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." Buffett has separately said that time is the friend of the wonderful business (as such businesses grow over time) and the enemy of the mediocre one. And so he won't mind buying a wonderful company even if it's not at bargain price, as he believes over the long term, earnings growth will take care of the valuation. The above quote holds truer in the context of the size of Berkshire's portfolio today. He can only buy large companies outright or pick up huge stakes rather than making small stock purchases to produce a sizeable return or "move the needle". And well-entrenched, cash-generating companies often don't come cheap on a valuation basis www.TheLinuxDesk.com | ||
| Feelgud Junior Artist Username: Feelgud Post Number: 450 Registered: 06-2009 Posted From: 147.178.7.20 Rating: N/A |
http://www.rediff.com/getahead/slide-show/slide-show-1-money -8-investing-gems-from-warren-buffet/20130220.htm www.TheLinuxDesk.com |
