Warren Buffett MBA Talk - Part 6

[beancube2010]

Naming, mixing, and renaming to confuse investors is how bankers hedge on betting of setbacks on ordinary people. When it becomes so popular, you can only earn money on failure of industry by mingling in disastrous manipulation capitals. Economic terrorists are focusing on big cash flow accounts and cracking what we so-called capitalism free markets. That is an exposed danger and not many will find it surprising the Wall St triggered tsunami will be triggered very often in the near future.

[Zerofire18]

Occam's razor (or Ockham's razor), is the meta-theoretical principle that "entities must not be multiplied beyond necessity" (entia non sunt multiplicanda praeter necessitatem) and the conclusion thereof, that the simplest solution is usually the correct one.

[Satori1800]

Great video:) I five starred it and am your lifetime friend and subsciber.

be happy NOW

[kakipanths]

This is very fascinating and not only because of the strong points he makes, but also because it's all just common sense! That's what makes it all so incredible.

[stayvertical1]

There's an old saying that the simplest answer is usually the correct one. I believe that applies here

[beancube2010]

@stayvertical1 It depends whether the simplicity is base on population psychology or it is base on reality. Money can quantify all actual substance because it is just some psychology we have been programmed to trust. Have anyone really spend some to monitor those financial rating institutions. Too many layers of languages are blocking ordinary to understand the reality of those rating standards and they are inherited from those British imperialists' rituals or scams.

[kakipanths]

You're just so ignorant and absurd. Gods, I'm so sick of you haters. Get over it, you ignorant goat. Let the man talk.

[pietror2007]

Uma gande dúvida que tenho sobre Buffett é: Como ele acumulou uma fortuna tão grande fazendo investimentos de longo prazo?, onde ele conseguiu o capital para aumentar o investimento se o seu capital inicial já estava investido em longo prazo? qual a mágica?

[harshvgaus]

he must be glad he gave fannie a pass

[lti12]

if you bought one share of coca cola in 1919, it would be worth 5 million now. The only problem is you would be dead by now.

[s3063215]

knowable....

[hardkicka]

This guy is great! He keeps it simple... alot of you punk ass - high strung-soon to be unemployed bankers should take a lesson in humilty from this man!

[djundizputed]

fundamentals > technicals

[brokeinvestor]

lol! and how much money have you lost in the recession?

[Sectorsophia]

Haha. Omission in Fannie Mae may have not been a mistake, bud!

[crb4059]

I'd like to be in his will.

[jb2134]

I saw a quote from Buffett in a recent interview, it may have been on CNBC or at his last annual shareholders meeting....basically sums up his monster success..

"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

It's a subtle, but very powerful distinction. Many people just don't get it (too brainwashed by modern finance, portfolio theory, etc).

Notice in this MBA interview, how many *simple* things he mentions.

[zebbedi]

@jb2134 I completely agree and if you can balance these simple things and tie them to basic logical principles that you clearly understand you are going to inevitably make good decisions.

[jb2134]

@zebbedi A great book is Charlie Munger's "Poor Charlie's Almanack". Its a collection of his speeches through the years. One of his quotes in the first part is, "Take a simple idea and take it seriously". The whole book is basically about finding logical principles that underpin your investing ideas.

Another "simple" investing guru is Jim Rogers. Whenever he speaks its always aobut disarmingly simple ideas and concepts.

[kentharlarrisis]

Absolutely Priceless advice in this series of videos. This information, when put to use, can make you a lot more money than you may think. It really isn't too difficult when you think about it. Identifying a consumer monopoly can be as simple as surveying people in a few stores to see which brand names dominate the most. You'd be surprised at how many undervalued monopolies are just floating around.

[AmineTommylee]

Have you been reading RULE#1 investor by Phil Town/

he basically resumes ben Graham and Buffet' financial techniques, pretty simple and helpful book even if most of the time it's a just a reminder of what buffet just said in these interviews (about the moats, the business, Meaning,Management,...)

[kentharlarrisis]

As a matter of fact, I did read that book. It was a very good and simple summary of Graham and Buffett's techniques.

[WorkingTheTop]

You are right. I did just this and chose Allen's Juice. sadly, when i got back home buffet had purchased the company completly just 2 weeks prior to my finding. Anyway... what else did I find. HA ! im not telling. haha... good luck.

[wwwMBAThesisNet]

I have written hundreds of pages about Buffett, and it never gets boring for me.

[davemchiu]

Who's Charlie Munger, I know that he is Warren's partner, but I don't see him on Forbe List of billionaire.

[Biminijack]

Munger is only worth $1.7 Billion. He only works part time. He plays a lot which cuts into his worth.

[bertista3000]

ive learnt alot today

[davemchiu]

Buffet is intelligent, shrewd, and the ideal capitalist. He frowns upon corporate excess, high CEO pays, bonuses as well as personal luxuries. Love to be his partner but hate to be his employee.

[Kin94285]

Buffett hates corporate excess because he wants CEO's who enjoy what they do, when people are working for themselves they put themselves before the company, and in the long run that is very bad for the company and the hundreds of employees who work for that company, and for him, as a person who owns the company.

[bmaiabhe]

I wish I were in a position where I could say I should have made billions on certain situations. It's so inspiring to hear this man.

[nightwolf1453]

This guy is just 'wow', man i hope he writes a book

[bertista3000]

he has a few dude

[artismr06]

He has not one.

[zzaido1]

Buffett and Gates did a similar sit down and Q&A session with the MBA class of Omaha (saw it on British Airways flight 2 weeks ago) and it was also very good and very informative. Buffett is good on stuff relating to life - good friends, work you enjoy, etc ...... that's his formula as it allows him to focus entirely.

[foxybrown555]

lol i saw that too on a BA flight

[sutatscom]

What was the company called? Candler?

[mulot2008]

See's Candies?

[pedrosolfier]

Buffet... such a brilliant man.

[DraculaVision]

what emerges most strongly is his "long-termism". He says "20 years from now" at one point in the vids. Don't know how old he is here, but surely in his seventies..so even at this time of life, he is still thinking v.long term.

[tnguyen603]

agree- people with such wisdom have great capacity to predict the future

[priyankdhabu]

BLOWN as usual

[aathakur]

ITS WISDOM

[vambati007]

awesome.inspirational.truly buffet thanks leizhg