Value Investing Conference 2008 #5

[philipjterry]

such a drab voice though...

[sterlingseah]

Amazing talk with much information I hadn't heard before

[muhammadzahmad]

this is worth watching...

[philipjterry]

another success criteria I think gets overlooked is he has never played catch up with his lifestyle, he stayed well positioned in one place over a long period with what appears to be steady frugal daily routine. I think this is a huge factor. If I like myself you keep changing offices, countries the "snowball" quick dissintegrates and needs to be rebuilt.

[chuckhf420]

This is great

[lb11rb]

are you saying he paid 1x book?

[daniellewis2008]

You can judge a man by his company. I think Warren Buffett also has very good taste in people. I like Alice Schroeder, she appears very capable and still human. He chose her for a reason. She also did an excellent job with the biography. Good on ya, gal!

[cacedesign]

That second speaker needs to join Toastmasters... he must have said UMM, UH, ER like 5000 times

[TheWorldsLawyer]

Let me make the first comment to this. Firstly thank you for posting this and I am impressed with Warren and what he has done over time however he is still fallable. At one point he wanted in on Fanny Mae but missed out and regretted it. His intent was to buy and had he managed he would have lost an awful lot of money in the recent crash. Still, fascinating work though I am convinced there is more to Warren's strategy than we will ever be allowed to see. Warren and Bill Gates rule and Melinda!

[Pauleneclaire]

I believe Warren did have Fanny Mae and got out when he saw the tack it was taking with junk mortgages.

[IncorruptibleTruth]

You would be wrong.

[PearlsofPaulene]

You might be right. Freddie Mac.

[jdengsky]

yep he did, snowball mentioned warren gave fanny stocks to grandchildren.

[Pauleneclaire]

Thank you. Good to know.

[kawola17]

@Pauleneclaire No, he actually said, not buying Fanny Mae was one of his biggest mistakes. Mistake by omission.