Comments on: Reporting From Omaha 2: The Annual Berkshire Meeting

By: Chandler Properties

Chandler Properties — Tue, 13 May 2008 00:19:36 +0000

#13 – I think Buffett was making the point of not buying Berkshire, if you are a sophisticated investor. There are better investments opportunities out there for a full-time expert investor to make money.

However, if you are a “know nothing” investor and would like to invest with someone who has consistently beat the S&P 500 for the last 40 years and has shareholders’ interest at heart, Berkshire is a good place to park your money.

Buffett also made an interesting comment that he would be more than happy if the stocks he picked for the investment portfolio returned 7% to 10% a year going forward. I thought that was interesting.

By: Living Off Dividends

Living Off Dividends — Mon, 12 May 2008 22:03:52 +0000

Blake,

they’re sitting on nearly $50B in cash. if they buy a $10 Billion company the chances of it doubling are remote.

if they buy a $50 million company that might double, but then they’d have to find 1,000 such companies in order to use up all their cash.

Right now, BRK only owns 76 companies so finding 1,000 companies worth buying is impossible.

By: Blake

Blake — Mon, 12 May 2008 21:24:50 +0000

Awesome stuff, glad to hear what’s going on over there in Omaha! I’d love to at least get 1 of the B shares so I can see Buffett in person while I have the chance.

I’m not understanding number 13 though. Buffett is one of the best investors in the world, and BH is one of the few diversified investments to trounce the market long-term. None of us has the insight or the talent that Warren has, and I’d take his picks to mine every time, even if they can’t pick out some small diamonds. I’m completely shocked by this one…Am I reading it right?

By: The Banana Roundup : Week 19 : Personal Finance

The Banana Roundup : Week 19 : Personal Finance — Mon, 12 May 2008 02:10:00 +0000

[...] Off Dividends has been busy while away at the annual Berkshire convention but Reporting From Omaha 2 made me laugh because I have to agree with this point, “most of what you learn in business [...]

By: Mark @ TheLocoMono

Mark @ TheLocoMono — Mon, 12 May 2008 01:46:01 +0000

Invest in yourself.

Simple but true. Excellent roundup of your thoughts from this experience.