Warren Buffett On Ben Graham

[knightschwartz]

the question i have about warren is what are his politics? I get the feeling he has some dumb/bad political views (bring in the third worlders, affirmative action, etc.).

[101893kyle]

The intelligent investor is one of the greatest books ever, love it and i am only 17

[DolceEGabriel]

@101893kyle 18, can agree =D

Also a Marketingfan? =)

[77magicbus]

I have 3 to recommend. 1. Your money or your life, by Vicki Robin. 2. Common Sense on Mutual Funds, by John Bogle. 3. Unexpected Returns, by Ed Easterling, and his website crestmontresearch

[valdezmiguel2]

@77magicbus since you are such a successful investor, then surely your advise is valid.

[77magicbus]

fdd

[77magicbus]

Thank you Mr Buffett. I appreciate all the wisdom and information that you and Ben have given us. I have read a couple hundred books on investing/money and find my attitude is more and more like yours every passing year. People are too much in a hurry to get rich. Best to figure out the game a little bit before rushing in with a little knowledge. Thanks for all you have done.

[boipinoi604]

@77magicbus Which books would you recommend for those new to investing?

[npsheth978]

I am currently reading the Intelligent Investor and it is blowing my mind. Awesome book. Anyone who has not read this book and is interested in the stock market should pick up and read this book.

[boipinoi604]

@npsheth978 I just finished that book and let me tell you, it's the driest book I've read with all these trivias and what not... As if I wanted to throw the book against the wall... But the man behind it is genius...

[jerryvalez]

according to "The Snowball" the reason Graham didn't hire him originally was because he wasn't jewish. he later changed his mind

[IndexFundsAdvisors]

Shortly before his death in 1976, Graham was interviewed by Charles Ellis and said: “I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities. This was a rewarding activity, say, 40 years ago... but the situation has changed.... [Today] I doubt whether such extensive efforts will generate sufficiently superior selections to justify their cost.... I’m on the side of the ‘efficient’ market school of thought.”

[shanergm]

@IndexFundsAdvisors

Warren Buffet said, "I'd be a bum on the street with a tin cup if the markets were always efficient." The recession of 2008 was severe enough to present many opportunities for stocks trading well below their intrinsic value. A 35 year old quote from a man who advocated value investing his whole life is not comprehensive and holds no weight.

[IndexFundsAdvisors]

"Additionally, those index funds that are very low-cost (such as Vanguard’s) are investor-friendly by definition and are the best selection for most of those who wish to own equities. "

- see page 10 of Berkshire Hathaway Inc. 2003 Annual Report

" ..the best way to own common stocks is through index funds..."

- Warren Buffett, Berkshire Hathaway Inc. 1996 Shareholder Letter

The concept of an index fund is based on the principle that market prices reflect available information, ie., efficient.

[bpolley0]

@IndexFundsAdvisors

No it is not. The concept of an index fund is based on the fact that, without a significant amount of time for thorough analysis, an index fund is the second best thing. Efficient market hypothesis is a myth.

[IndexFundsAdvisors]

Shortly before his death in 1976, Graham was interviewed by Charles Ellis and said: “I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities. This was a rewarding activity, say, 40 years ago... but the situation has changed.... [Today] I doubt whether such extensive efforts will generate sufficiently superior selections to justify their cost.... I’m on the side of the ‘efficient’ market school of thought.”

[mystcrich]

Thanks for introducing us to the man behind the ideas

[pollywogA1]

Talk about schmoooozing! Other students have told me that Benjamin Grossbaum (aka Benjamin Graham) was a rude, arrogant man. Wow, with Warren Buffett the glass is always half-full.

[82snowball]

@pollywogA1 what did they say he did.

[888888884488]

With heartfelt appreciation to both remarkable men for their integrity and generosity.

[shodan78]

@888888884488 Warren buffett didn't get to become a billionaire for beeing generous did he?

[ScizRgaming]

@shodan78 he's given BILLIONS of dollars to charity

I'd say he's generous

[shodan78]

The sum isn't interesting it's the relative sum to you income that decide if you are generous or not.

[danben72]

@888888884488 I don't know where you get this impression from. Only because somebody writes from his throne nice well versed words, which are btw edited by Carol Loomis, it doesn't make him a integer person.If the crooked US gov together with the shameful FedReserve hadn't bailed him out in 2008 he would be sleeping under a bridge today,not praising his friends in crime (Bush, Paulson, Bernanke, Geithner & Co,) from his moral high horse. I studied his life work: Sorry,he + Munger are a crooks!

[silentc1015]

@danben72 When did they bail out Warren Buffett??? Get your facts straight before you slander people on Youtube.

[anon69]

"He was a generous man." Very nice to women, too. Lots of them.

[Dalamen]

Yes, great respect for them both. Also, Charlie Munger is brilliant and has great lessons for people individually and words of wisdom for all of mankind on this earth. We can all learn from these people and the knowledge they have to share with us collectively.

[anonimus5555]

Legends - both of them

[visionerist]

True