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Warren Buffett

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Warren Buffets methodology is now fairly widely known but why has any other fund manager or investor been able to match him??
 
Re: Warren Buffet

Because he takes an active role in the management of the business. He is more like a private equity firm in that sense. Takes a large stake, replaces the board, changes procedures etc etc, its not just simple 'investing'
 
Agree with previous. Also he is not lazy. Really studies companies in depth.
 
jono1887 said:
Warren Buffets methodology is now fairly widely known but why has any other fund manager or investor been able to match him??
Click to expand...

Warren is the most famous one but there are hundred other who follow the same principles
and has done well.

Warren is influence by his Partner Charlie Munger a real smart investor too but he doesn't like the spot light Warren get all the spot light and he's a very good investor himself but the guys behind Warren are just as impressive.


Lou Simpson
the man who manage BRK insurance equity portfolio, amazing records

Ajit Jain
Excellent risk manager for their re-insurance division, this guys is a genius he can calculate any risk and get Warren to stump up the capital for it and get awesome return ...
could be one of the replacement for Warren to run BRK

Walter Schloss

Bill Ruane

Tom Knapp

and in Australia we have Uncle Kerr Neilson at Platinum fund

And I dare say many retail investors who profit millions and are unknown to the mass.

The practice works and you can do better than the market return and
I can only speak from experience

It sound easy not that easy in practice...patient...judgment..independent thinker... have the guts to double down when everyone bailed and media run wild with crazy headline.

"Margin of safety" "Intrinsic value" often said rarely practice
but if you often practice and rarely spoken you do better
 
never realised how much berkshire hathaway traded for until now, $102,150, must be doin something right
 
jono1887 said:
Warren Buffets methodology is now fairly widely known but why has any other fund manager or investor been able to match him??
Click to expand...

George Soros wrote a book, detailing his thought process, reasons and live trades. Why can't anybody match it? That's the reason it's called discretionary, nobody can possibly think exactly the same as you, and have the same external influences (Buffett was lucky to be investing with a buy and hold strategy over the biggest boom period seen in his markets EVER recorded in 50,000 years of human civilization, not a bad external influence eh).

But like ROE says, doesn't mean others don't use similar methods to do well and beat market returns.
 
Kryzz said:
never realised how much berkshire hathaway traded for until now, $102,150, must be doin something right
Click to expand...

Yes it's amazing. The guy doesn't believe in splits and still lives in the family home in Omaha. A true boss.
 
Just out of curiousity, Does anyone here own any Bershire Hathaway Shares, or even been to one their General Meetings.

I have seen a doco on him and the General Meeting looked like the rulling of the bulls to get a seat up close.
 
Kryzz said:
never realised how much berkshire hathaway traded for until now, $102,150, must be doin something right
Click to expand...

And to think his partners from his original trading partnership sold out at $43 per share only 40 years ago.

ceasar73 said:
Please explain

thanks
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He has a photographic memory... apparently he has memorized the balance sheet of every listed company in the US plus many non-listed companies. They guy is just plain brilliant!
 
jono1887 said:
And to think his partners from his original trading partnership sold out at $43 per share only 40 years ago.
Click to expand...

No doubt they had a stop loss in place

or they sold out on a market correction, patting themselves on the back at the time for their foresight, and are still waiting for it to retrace the lows to buy back in.
 
jono1887 said:
Warren Buffets methodology is now fairly widely known but why has any other fund manager or investor been able to match him??
Click to expand...

A little known fact,

Westfields Has out performed Warren Buffets berkshire hathaway over the years.

So does this make Frank lowy the worlds greatest investor.
 
hello,

and starting out with a delicatessen and then moving onto a few other properties, amazing alright Tyson

thankyou
professor robots
 
Kryzz said:
never realised how much berkshire hathaway traded for until now, $102,150, must be doin something right
Click to expand...

After running a business for over forty years without ever paying a dividend, you would want to hope your shares are worth that much.

so if the figure is right that his shares were worth $43 a bit over 40 years ago. that means they have doubled in valued a bit over 11 times, That shouldn't be to difficult for an astute investor if all earnings are retained and compounded.

The Bad thing is without dividends being paid, Investors are forced to sell to realise earnings meaning very few people would have held long enough to have the benefit of all that compounding.

Don't get me wrong though, I am a big fan of buffet. Just wish they would pay divy, I would proballly take a slice then.
 
hasnt berkshire hathaway averaged 20+% over the last 40 years straight with not a single negative year. I dont think WDC has anywhere near matched Buffet's record
 
jono1887 said:
hasnt berkshire hathaway averaged 20+% over the last 40 years straight with not a single negative year. I dont think WDC has anywhere near matched Buffet's record
Click to expand...

Here is a quote of the back of Frank lowy's book "Pushing the limits"

An investment of $1000 in westfield shares in 1960 was worth $133,200,000 at the end of 2000 (assuming all dividends were reinvested). This performance is unrivalled in Australia and out strips the growth offered by internationally renowned investors sauch as george soros and warren buffet.

But yes to answer your question berkshire has had negative years, Last year being an example. I think berkshire has averaged growth of 23%p/a

Warren Buffet is richer than Frank Lowy, But frank has achieved faster growth.

Warren has just had more years of compounding due to franks later start, Franks early years were spent trying to survive the Holocaust and later moving to israel where he fought in the Israel war of independence, before moving to Australia and starting a deli in his late 20's.
 
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