Check this great article - an interview with Warren Buffett on Fortune Magazine's latest edition. It is most surprising to find that he knew the sub prime mess was going to start in early 2007, when most people had no clue ( Check his notes to shareholders in the Berkshire Hathaway Annual Reports ). While I am a strong fan of Warren ( who would not be! ) and have started reading the Annual Reports of BRK and his insights are awesome.
What Warren thinks... - Apr. 14, 2008
And I heard from one of my friends at Tuck that the Annual General Meeting of BRK is held in Nebraska and is a long day meeting where Warren, Charlie, Bill Gates and the CEOs of the major portfolio companies sit to answer questions from the shareholder. Any person who is there can ask a question about anything under the sun right from his investing philosophy to any detail of the portfolio company. But ofcourse, you either need to be a shareholder or an analyst. I guess it is easier to be the latter considering that a Class A share of BRK costs $150,000!!! This is ONE share of BRK!!
What amazes me is the ease with which he accepts his mistakes and moves on - which can be seen in the BRK Annual Reports. In addition, 99% of his total net worth is in BRK and he just takes $100,000 as salary. No bonus at all! This to me is a true investor, because all his incentives are aligned well to increase per share value of BRK.
How I wish I could buy one BRK share considering that it doubles almost every 2.3 years ( based on average CAGR over the past 30 year)...
Wednesday, April 23, 2008
What Warren Buffet thinks on US economy, traditional modeling etc...
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5 comments:
Uhh, just buy brk.b. It is 1/30 brk.a share and has no voting rights, but you are allowed to go to the shareholder meeting, and it only costs $4200.
Hi,
As a resource for future MBA candidates, I was wondering if you'd be interested in linking to Manhattan GMAT (http://www.manhattangmat.com) or the Manhattan GMAT blog (http://www.manhattangmat.com/blog/)
Thanks!
Sarah
sjacobsson@manhattangmat.com
Hi everyone,
Just wanted to let you know about a good resource for prospective MBA'ers. ManhattanGMAT is offering a free sample GMAT test, a simulation of a real GMAT exam, and a good resource for gauging your current ability level. Check it out.
Hi Nishkala,
Great informative links. I am placing the same request which I've done an year and half ago.
Please post more often !!!
After passing out from IIIT, I am visiting your blog every now and then just to be sure that I don't miss any updates.
It would be great if you can blog about life after MBA, how the perspective of a MBA grad is different from an undergrad.
Ppl talk abt the pressures MBA grads face after they are out of college. It would be great if you can summarize your experiences.
Cheers
Aditya
hello... hapi blogging... have a nice day! just visiting here....
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