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Berkshire Hathaway and Buffettology...
Posted on 7/17/12 at 8:54 am
Posted on 7/17/12 at 8:54 am
So I was assigned some summer reading for my MBA studies. I drew the book "Buffettology" as my assigned text. I figured I'd consult the Money Board before writing my summary and presentation on the book.
So, my question to you is this.
Is Buffettology still relevant in the modern global economy when one considers Berkshires arguably meager performance recently?
If you are an investor with $1M to spend, would you buy Berkshire Hathaway now?
So, my question to you is this.
Is Buffettology still relevant in the modern global economy when one considers Berkshires arguably meager performance recently?
If you are an investor with $1M to spend, would you buy Berkshire Hathaway now?
3
Posted on 7/17/12 at 9:04 am to wiltznucs
quote:
If you are an investor with $1M to spend, would you buy Berkshire Hathaway now?
No.
The only reason to buy it would be to get 2 class A shares in order to be able to casually reference how your class A shares have been performing in mixed company.
Posted on 7/17/12 at 9:12 am to wiltznucs
I'm no professional or even a good investor. That said, WB is DEAD to me. Given the intellect he's demonstrated of late, I'd say he's either an aging idiot savant or one lucky SOB.
This post was edited on 7/17/12 at 10:52 am
Posted on 7/17/12 at 9:17 am to wiltznucs
Principles of his fundamental methodology are still relevant. His execution has been lacking.
So negative.
So negative.
Posted on 7/17/12 at 10:11 am to greenhead11
quote:
Principles of his fundamental methodology are still relevant.
This is pretty much where I'm at. I liked the pragmatic approach and the simplicity of buying consumer monopolies at the right time and the benefits of annual compounding. I dont question his ability to use strong fundamentals.
From a practical standpoint, I dont know that finding these gems is as easy today as some 30 years ago. I also dont totally agree with his position of avoiding all things "Tech".
As for investing in BH. I suppose the answer in Buffett/Graham fashion would be to buy BH when its below its intrinsic value and only when it has strong and predictable earnings.
Posted on 7/28/12 at 7:26 pm to wiltznucs
It's probably too late to buy BH except as a defensive play. However, Buffet's investment philosophy and strategy are still solid gold IMO. His performance has dwindled with time as the sheer enormity of his cash position has anchored his returns. Still the greatest investor who ever lived.
Posted on 7/28/12 at 7:36 pm to wiltznucs
I bought the "B" shares back in September at $67 & they are now at $84. On the fence right now about selling or buying more.
Buffet's philosophy of not buying "tech" stems from his claimed inability to not understand the businesses they operate. It didn't stop him from taking a huge stake in IBM though.
Buffet's philosophy of not buying "tech" stems from his claimed inability to not understand the businesses they operate. It didn't stop him from taking a huge stake in IBM though.
Posted on 7/28/12 at 9:21 pm to jonboy
Personally I have a similar philosophy. I don't need some dipshit rendering my company's product obsolete from a harvard dormroom.
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