I just tuned into a wee documentary on Warren Buffet tonigt - it airs again or continues on Prime TV at 10:00am or so.

Check out www.moneymaster.tv for details.

If it is true every cloud has a silver lining then it was more than coincidence that tonite I choose to do a bit of research on Silver mining because I had read that Warren Buffet prefered it over gold. I took a snack break, flipped through the channels and there was this documentary Warren Buffet - bizzare.

At any rate, here are a couple of testiments to Warren Buffet and his Berkshire Hathway Fund.

One share - $90,000 ish
Averaged no les than 22%
Shareholder retention rate 97% for 27 years.

Warren's worst nightmare is finding the wrong shareholder - lol.

i watch that tonight also.

he was a paperboy that work a few routes at age 11 and the district manager for all the paperboy in the district at highschool.

well see. he work hard to get to where he is.

ps. he dont like tech stock.

so am i.

hehehehe

but there is one difference. i am a trader he is a investor.

plus i am 1200000000000 times poorer than he is.

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Warren Buffet's fans proclaim that he is more than an investor. Some have said that he is the best value investor of all time. Others further say that he is the best manager of value with values there is. He picks undervalued companies with strong management and that also have sustainability for the long term.

Buffet has said that after he picks he does not look at he daily trades on his companies. He recommends that a person buying a share pick the company as if they were buying the whole company for life.

Buffet further went on to say that to college students he advised they play the market as if they had a punch card with only twenty spots on it for stock. To him 20 strong picks is all a person needs to become wealthy.

There are few characters like him in the world - George Burns to me also seemed hold true to character despite all the fan fare of the hollywood business he was in.

I read his book "how warren buffet does it" and basicly it says... start with $5,000,000.. invest in a company, get lucky, and when you are 75 you will be worth billions.. its bullshiyt!

This Is why Buffet isn't worth listening to IMO
1)He had millions of $ to start with
2)Would you rather have billions at 70 years old or thousands through out your life to enjoy?
3)they say he is amazing for not investing in companys that went up 500% because they only ended up crashing years later.. Okay so then sell before the crash maybe???
4)And I could be wrong but didn't he have a really big loss on something?
5)Everything he touches people think is gold so no matter what Its going to fly up just based on peoples greed!
6)his brother is cooler

If you like warren buffet, I'm sorry.. sorry you are dumb.

Read the book and you will get it.. its like 15 chapters and 200 pages and it honestly could have been done in 10 pages just saying he invested the millions he already had into companys and didn't touch it for like 50 years.. WOO HOO!

But lets be honest.. If you heard tomorrow that Warren Buffet was about to invest in solar powered butt plugs You'd jump all over it, so would I and so would everyone else so how can warren buffet loose, try investing in those butt plugs without buffet HA!.. But its like a woman buying one of those stupid coach purses you are only buying it for the name..

THE END!

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STOCKS ONLY GO UP WHEN CHUCK NORRIS DECIDES ITS TIME TO UPPERCUT THE CHARTS

First of all Eric, Warren didn't start with millions, he bought a farm with his paper route money (it's true), and rented it out to tenant farmers. I think he was 14 at the time. His advantage came in that his dad, I believe, was a trader, who taught him quite a bit.

I saw him talk to a bunch of students on PBS, and I thought he was amazing. Very humble, but he admits he's got a knack for making money.


BTW Eric, I believe he was a millionaire by the time he was in his late 20s, so I don't think he had to save pennies to create his wealth.

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"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you.”
Friedrich Nietzsche

www.fitbloggist.com

I'll take your word on it.. But then read the book.. It is horrible, the person that wrote it is an idiot lol

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STOCKS ONLY GO UP WHEN CHUCK NORRIS DECIDES ITS TIME TO UPPERCUT THE CHARTS

After that ringing endorsement, I'll be sure to read it, lol...

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"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you.”
Friedrich Nietzsche

www.fitbloggist.com