Most people don’t typically think of Warren Buffett as a guy with limited options. But before you start wishing you could trade places with the billionaire, the Oracle wants you to know some of the hardships he faces. In an interview with the BBC, WB explains 4:00 in how the average Joe with a cool million or so ready to put to good use in the market can make returns that would leave him green with envy.
[BBC]
You're commenting as a guest.
→ Comment with your user account instead.
After submitting a comment, it may take several minutes to appear. Please only submit your comment once.
Sep 15, 2009, 2:22pm
I sense some judgment from the Bloomberg reporter here re:...
More »
Sep 15, 2009, 2:00pm
Tudor BVI Global: August 2009: 0.5% YTD: 12.5% ...as for...
More »
Sep 09, 2009, 11:27am
Goldman Sachs partner managing director Richard Kimball Jr. apparently got...
More »
Sep 09, 2009, 10:15am
Ladies, if you've been looking to work under one of...
More »
Most Commented
Most Recommended
Posted by pfluger , Oct 26, 2009 1:32PM
I recommend investing everything in Moody's stock. Its severely undervalued.
-Oracles
Posted by guest , Oct 26, 2009 1:42PM
So sad Warren
I have so much money I cannot earn a good return. Let me know where I can send my donation
Posted by NakedShort , Oct 26, 2009 2:01PM
Warren,
Can you please share with me how to sodomize both Goldman Sachs and General Electric with my one million dollar portfolio?
-Average Joe
Posted by guest , Oct 26, 2009 2:01PM
He would be better off if he was a virgin sturgeon, in which case, I would fuck him.
Dennis Kneale
Posted by guest , Oct 26, 2009 2:02PM
Greg,
You are no better than WB, you sleaze.
Fondly,
Mum.
Posted by guest , Oct 26, 2009 2:27PM
According to Warren, if you have a million dollar portfolio you're rich & shouldn't be making too much $$$ anyway. Better to give it to the gov't to direct it towards its greatest utility.
Posted by guest , Oct 26, 2009 2:30PM
Did he just say that the role of government was to stop us from doing foolish things?
Is he mad?
Who's going to stop the government from doing foolish things?
Posted by guest , Oct 26, 2009 2:31PM
All he's saying is that there is a diminishing marginal return as you increase your investment. He's still making more money than you.
Posted by guest , Oct 26, 2009 2:32PM
He gave an interview to WHO?
-Becky Quick
Posted by Sgt. Cyst , Oct 26, 2009 2:35PM
Warren Buffett is a complete, and absolute, Shitheel of the highest degree (Mark Klein, M.D. notwithstanding). This monkey did nothing but start out with an ass-load of cash, got lucky, and was smart enough to let time and dividends do the rest. Oracle my ass. Again, he's a shitheel and I for one am sick to death of people praying at his feet.
Posted by guest , Oct 26, 2009 2:37PM
Lucky pervert, the Forrest Flynt of investing. Too busy slobbering over young fillys to change his 1970s era portfolio.
Posted by guest , Oct 26, 2009 2:38PM
Normally,excess cash coupled with limited investment options means shareholder friendly management should return those funds to the shareholders.So, WB, nut up, stop moaning and distribute the dough in a massive special dividend.
I've lost count the number of times 'ole Warren has sung this same song, just before he goes in a buying binge.He needs a new tune.
Posted by guest , Oct 26, 2009 2:44PM
Who gives a fuck about this old twat?! I want an update on Chiang! Did he get booted from UT? Did he pull a Kurt Cobain? C'mon DB, I'm dying here!
Posted by Tbone , Oct 26, 2009 2:45PM
Why should I say anything new? There is nothing new in this business.
Posted by guest , Oct 26, 2009 3:15PM
@6 Citation?
Posted by guest , Oct 26, 2009 3:29PM
@12
We've heard this before indeed. I think it's his way of coaxing companies who might be up for a multibillion dollar investment into asking for cash. Gives him the leverage and lets him be lazy about his approach by letting the companies come to him.
Posted by guest , Oct 26, 2009 4:03PM
@ 15- try some Google, or better yet, try some basic knowledge of the dude.
http://www.washingtonpost.com/wp-dyn/content/article/2007/06/27/AR2007062700097.html
http://www.forbes.com/2008/05/01/buffett-vahan-janjigian-pf-ii-in_ty_0430soapbox_inl.html
Should I cite proof that Berkshire exists too, perfesser?
Posted by guest , Oct 26, 2009 4:27PM
@10 "This monkey did nothing but start out with an ass-load of cash"
You know that he started his first hedge fund BPL, in 1955 with $100,100, of which the $100 was his investment? Maybe in Jefferies back office that's an "ass-load" but not in realityville
Posted by guest , Oct 26, 2009 4:57PM
$100,000 in 1955 is 1,000,000,000 today.
Posted by guest , Oct 26, 2009 4:57PM
$100,000 in 1955 is 1,000,000,000 today.
Posted by guest , Oct 26, 2009 5:03PM
@19/20 just cause you post it twice doesn't make it true. $100,000 in 1955 is $805,854.48.
Source here:
http://www.bls.gov/data/inflation_calculator.htm
Posted by guest , Oct 26, 2009 5:04PM
Wow, 18... you're a moron.
Posted by guest , Oct 26, 2009 5:04PM
@19/20 I get $6.02x10^23 in today's money. What Mu are you using?
- another Former Lehman Quant
Posted by guest , Oct 26, 2009 5:15PM
6/22 you asked for citations, you got em. Instead of typing your schoolyard taunts through your hot, hot tears, do some reading & resolve to not make a fool out of yourself again.
All the best!
Posted by guest , Oct 26, 2009 6:14PM
@23 what does avagadro's number have to do with any of this?
-Biotech analyst
Posted by guest , Oct 27, 2009 12:28AM
Warren, thanks for breaking it down for us.
Posted by guest , Oct 27, 2009 4:47AM
@10 and all the other anti-buffetite retards thereafter... from your comments alone I can tell that:
a) you are not well-read
and
b) you are not rich
so sit around and play dice and bitch about how the "man" is keeping you down and take potshots at those who worked their assess off to get what you can only dream of...
because you are stupid.
Posted by guest , Oct 27, 2009 10:08AM
God bless @23.....!
Posted by guest , Oct 27, 2009 10:14AM
TGFD says Buffet is a bumbling, old douchebag who probably wears Depends for underwear.
When is that f*cking asshole going to drop dead so we don't have to listen to his dimentia-induced, stumbling speechifying any more?
F*ck him.
The Guy from Delaware
Posted by guest , Oct 27, 2009 10:28AM
That's funny, TGFD....I was just thinking the same thing about you.
~Sven Olguurtharshosnfruuctenhauseroffrten
The Oracle of Fargo
Posted by guest , Oct 27, 2009 11:06AM
I like Warren Buffet even though I am a short term trader. I like this person since he shows us how to treat money. after a certain point it is just monkey chips with no use and if you are smart enough to make a lot of it then be good and give it back to the society where it is needed... Bill Gates and Warren are definitely good people to look up to.
Posted by guest , Oct 27, 2009 11:46AM
Guest@#30...
Thank you for acknowledging TGFD's sense of humor.
The Guy from Delaware