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]
Comments (26)
Leave a comment
You can log in with your account or comment as a guest below.
I recommend investing everything in Moody’s stock. Its severely undervalued.
-Oracles
So sad Warren
I have so much money I cannot earn a good return. Let me know where I can send my donation
Warren,
Can you please share with me how to sodomize both Goldman Sachs and General Electric with my one million dollar portfolio?
-Average Joe
He would be better off if he was a virgin sturgeon, in which case, I would fuck him.
Dennis Kneale
Greg,
You are no better than WB, you sleaze.
Fondly,
Mum.
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.
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?
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.
He gave an interview to WHO?
-Becky Quick
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.
Lucky pervert, the Forrest Flynt of investing. Too busy slobbering over young fillys to change his 1970s era portfolio.
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.
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!
Why should I say anything new? There is nothing new in this business.
@6 Citation?
@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.
@ 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?
@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
$100,000 in 1955 is 1,000,000,000 today.
$100,000 in 1955 is 1,000,000,000 today.
@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
Wow, 18… you’re a moron.
@19/20 I get $6.02×10^23 in today’s money. What Mu are you using?
- another Former Lehman Quant
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!
@23 what does avagadro’s number have to do with any of this?
-Biotech analyst
Warren, thanks for breaking it down for us.