Korean Job Discussion Forums

KOREAN_MAN · Joined: 01 Oct 2006

http://kr.youtube.com/watch?v=QiwaHO-hl3M

@ 4:13

Warren Buffett - 8 months ago

http://kr.youtube.com/watch?v=ejIWp5E8_Fo

Warren Buffett - today

Well, what do you think? I'm a big fan of Mr. Buffett. He has proven, time after time, that he knows what he's doing. However, I don't know why he's not against the bailout. (Well at least not anymore.) Hey, I've still got college loans to pay. Bail ME out, will ya. Rolling Eyes

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

I don't understand what he means at the end when he says 'the United States Treasury'.

Beej · Joined: 05 Mar 2005 Location: Eungam Loop

I read that now he isnt a true investor and that companies just pay him "appearance fees". His latest deal with GE is sweetheart to say the least. He gets guaranteed returns and preferential treatment. He puts in billions, there is a big press release, investors follow Buffet and GE wins big. All with no risk to Buffet. Not fair and real shady.

blaseblasphemener · Posted: Wed Oct 08, 2008 7:09 am Post subject:

I was wondering about him myself.

He says he's absolutely for the bailout, yet not a word about all the people who lost their shirts when real estate collapsed.

In fact, he even said that he would buy into the housing market when they dropped lower.

Kind of slimey, seems to me. Opportunistic.

ontheway · Posted: Wed Oct 08, 2008 8:34 am Post subject:

Warren Buffet is a great businessman, and knows a lot about investing in certain businesses, but he knows very little about economics. In fact, over the years he has stayed away from many industries and kinds of businesses, and he has admitted that he doesn't know enough to make wise decisions about investments in those areas. Likewise, like it or not, he knows even less about the economy.

He's like the dumb Iowa farmer who follows basic principles of working hard, saving all that you earn, being as self-sufficient as possible and never borrowing, never goes on vacation, and never buys anything extravagant. This farmer will become a multi-millionaire over time. But this farmer knows nothing about economics and politics and is useless for advice in such areas, though he will, no doubt, give you an earful.

Likewise, the success of Warren Buffet. He followed the proven basic principles available to all, and showed how well they can work, if you work hard and are moderately intelligent.

The same principles will work even for dumb guys.

But, his opinions on economics are just plain wrong. They are NOT based on proven economic principles. In this area, he's no smarter than the dumb Iowa farmer. But, he too has a big ego and is willing to give you an earful.

mises · Joined: 05 Nov 2007 Location: retired

He has a masters in economics from Columbia and was the only student to ever get an a+ in Ben Graham's security analysis course.

He follows the principles of value investing.

ontheway · Posted: Wed Oct 08, 2008 9:01 am Post subject:

Juregen · Joined: 30 May 2006

Warren Buffet is clearly playing a bet with a fairly strong hand.

What he is trying to do is stop people from selling everything off because they mistrust is exaggerated, but not entirely untrue Smile

.

Exaggerations on the market always lead to excesses, especially when the rational fool only looks at today and tomorrow, but fails to look into the next year.