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re: If you received $500K, how would you invest it?
Posted on 5/21/14 at 4:25 pm to mkibod1
Posted on 5/21/14 at 4:25 pm to mkibod1
BRK-A
Because he loves to buy dividend paying stocks, but doesn't much like paying them. And he thinks derivatives are evil, except the couple of times he had to put footnotes in his letter/report, that people pee themselves about, explaining exactly how much shareholder's monies he lost shorting silver.
While I would maintain BRK-A is a growth stock, I can't imagine it is a stock that won't need to be sold before well people's retirement.
I own it. I just know exactly who and what these people in Omaha are. I also have a bank account at his bank in Lincoln/Omaha. They repeatedly give me 0% for 18 mos, and I repeatedly take it, pay their one time fee of $99.00, and invest it in some of the same "evil" things Warren rips on, except for when he has to disclose he gambled on it and lost. Which is the part of the report no one reads while they pee themselves about how smart he is. The interesting study to me is how he used to invest, versus how he does it now. It has evolved to say the least.
And no, I don't think Warren is dumber than I. There are few people that are actually dumber than I, I just like to understand completely what people do, rather than what they say.
Disclosure - I once had a free ice cream cone from him. I was unshaven, and likely had a mild cigar odor permeating around me. True story.
Because he loves to buy dividend paying stocks, but doesn't much like paying them. And he thinks derivatives are evil, except the couple of times he had to put footnotes in his letter/report, that people pee themselves about, explaining exactly how much shareholder's monies he lost shorting silver.
While I would maintain BRK-A is a growth stock, I can't imagine it is a stock that won't need to be sold before well people's retirement.
I own it. I just know exactly who and what these people in Omaha are. I also have a bank account at his bank in Lincoln/Omaha. They repeatedly give me 0% for 18 mos, and I repeatedly take it, pay their one time fee of $99.00, and invest it in some of the same "evil" things Warren rips on, except for when he has to disclose he gambled on it and lost. Which is the part of the report no one reads while they pee themselves about how smart he is. The interesting study to me is how he used to invest, versus how he does it now. It has evolved to say the least.
And no, I don't think Warren is dumber than I. There are few people that are actually dumber than I, I just like to understand completely what people do, rather than what they say.
Disclosure - I once had a free ice cream cone from him. I was unshaven, and likely had a mild cigar odor permeating around me. True story.
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