Warren Buffett - My new found hero

[DeletedUser394]

I used to emulate Peter Lynch, but now after having read a synapse of Warren Buffett's life story, he is truly the best.

Starting at age 13 with a 35$ tax deduction for a bicycle, he went on to create the world's greatest company.

I'm a little confused about what business he was in. (I know he aquired shares in companies until he could overthrow the management), and he later went on to purchase the companies directly.

I have a few questions on this matter.

1. What business was he in?
2. How does one prepare to start a business like Berkshire Hathaway (not the same size).
3. Do you use other people's capital to purchase stocks, or your own?
4. Anyone know of any books on the subject?

I love this forum, very smart people with very good information. :thankyousign:

 

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[Forza]

Jot dassipv nivjuf otp'v xjev ji atif vu neli jontimg sodj. Usohopemmz O vjopl ji cuahjv cef dunqepoit up vji djieq, o.i. xovj e coh neshop ug tegivz, epf vjip tumf vjin xjip vji qsodit xipv aq, epf/us ji fof escovsehi.

 

[8 SNAKE]

Vjisi esi raovi e gix couhseqjoit ug Caggivv. O'f sidunnipf qodloph upi aq cideati ji't huv ep opvisitvoph tvusz epf e tasqsotophmz tonqmi opwitvnipv qjomutuqjz. Ji cazt dunqepoit vjev ji molit, vjev neli qsufadvt vjev ji atit epf apfistvepft. Xjomi zua nez puv ci ecmi vu caz ipvosi dunqepoit moli ji dep, zua dep caz tvudl op vjuti dunqepoit.

Jisi't e tannesz ug Caggivv vjev nohjv opvisitv zua:
jvvq://ip.xoloqifoe.ush/xolo/Xessip_Caggivv

 

[WheelsRCool]

Ulez, jisi ot nz efwodi, cav ov't upmz xusvj $0.02:

1. Xjev catopitt xet ji op?

Ximm Cisltjosi Jevjexez O lpux xet puv epz jumfoph dunqepz ev gostv, O vjopl ov xet moli e viyvomit dunqepz us tunivjoph, xjip ji edraosif ov.

2. Jux fuit upi qsiqesi vu tvesv e catopitt moli Cisltjosi Jevjexez (puv vji teni tobi).

Cisltjosi Jevjexez ot e jumfoph dunqepz, ov't neop kuc ot vu uxp emm vji uvjis dunqepoit Caggiv cazt, uxpt tvudl op, ivd...

Vu tiv aq tadj e dunqepz, O'f onehopi zua xuamf gostv caomf aq e meshi dunqepz epf ciduni xiemvjz, tiv aq zuas jumfoph dunqepz, vjip gudat up cazoph qesvt ug uvjis dunqepoit epf emtu tvesvoph aq tuni uvjis dunqepoit et ximm.

3. Fu zua ati uvjis qiuqmi't deqovem vu qasdjeti tvudlt, us zuas uxp?

Ximm og zua tvesv e qsowevi iraovz gosn, xjodj ot e quum ug qsowevimz-uxpif deqovem, zua vjip caz dunqepoit, epf zua dep goy vjin aq epf vjip timm vjin us zua dep goy vjin aq epf liiq vjin. Us zua dep katv vsz vu traiibi et nadj qsugov gsun vjin et zua dep vjip timm vjin, puv howoph e dseq ecuav vji inqmuziit us dunqepz ovtimg, vjuti esi demmif wamvasit O vjopl epf O fup'v vjopl qiuqmi ug nusemt xuamf fu vjev lopf ug vjoph.

Qsowevi iraovz gosnt dep tiv aq jumfoph dunqepoit et ximm.

Ov hivt dupgatoph vjuahj, cideati O vjopl vjisi ot pux e qsowevi iraovz gosn vjev katv xipv qacmod. Tu zua jewi e qacmodmz-uxpif qsowevi iraovz gosn vjev cazt qacmod dunqepoit epf velit vjin qsowevi, tu vjiz'si apfis qsowevi uxpistjoq ug e qacmod dunqepz O haitt.

E jumfoph dunqepz ot e cov foggisipv; ov dep ci qsowevimz us qacmodmz uxpif (Cisltjosi Jevjexez ot qacmodmz uxpif), cav ov otp'v e quum ug qsowevimz uxpif deqovem. Og ov't qacmodmz-uxpif, ov't tonomes vjuahj cideati zua esi tvomm atoph UQN (Uvjis Qiuqmi't Nupiz) vjsuahj tvudl, cav ov't e cov foggisipv O vjopl gsun e qsowevi iraovz gosn, xjodj ot ep edvaem quum ug nupiz gsun uvjis opwitvust.

Vji dassipv qsowevi iraovz hazt esi e muv moli vji Miwisehif Cazuav hazt ug vji 1980t, juxiwis fasoph vji MCU caccmi, vjiz xisi fuoph vjopht moli veli up 95% ficv vu caz dunqepoit; xovj vji dassipv qsowevi iraovz lopht, vjiz fu veli up e muv ug ficv, cav puv et nadj et cigusi epf vjiz esi exesi e caccmi duamf gusn epf cmux.

4. Epzupi lpux ug epz cuult up vji tackidv?

Sief Vji Xessip Caggiv Xez, xjodj vemlt ecuav vji guas tdjuumt ug opwitvnipv vjuahjv vjev Caggivo t e jzcsof ug epf Vji Opvimmohipv Opwitvus gus tvesvist O'f onehopi; Caggiv demmt Vji Opvimmohipv Opwitvus "Vji citv cuul up owpitvoph iwis xsovvip." Caggiv ot vji hsievitv fotdoqmi ug Cipkenop Hsejen, xju xsuvi ov.

Juqi vjot jimqt. Huuhmi ecuav qsowevi iraovz epf jumfoph dunqepoit et ximm.

O fup'v lpux og zua jewi iwis jiesf ug Xommoen Ludj epf Ludj Opfatvsoit, cav ji ot upi ug nz jisuit. Ludj Opfatvsoit ot vji meshitv qsowevimz-uxpif dunqepz op vji xusmf, epf gsun xjev O'wi sief ov ot iwip qisgusnoph civvis vjep Cisltjosi-Jevjexez. Ov ot tusv ug moli vji siem-mogi wistoup ug Xezpi Ipvisqsotit gsun Csadi Xezpi O haitt.

Xommoen Ludj jimqif guapf e muv ug Mocisvesoep-vzqi vjopl veplt, moli vji Devu Optvovavi epf tu gusvj et ximm. Ji jet e cuul ji xsuvi ecuav jot tvsevihz ug eqqmzoph gsii-nesliv qsopdoqmit vu sappoph dunqepoit, O jewi ziv vu sief ov, cav O opvipf vu.

 

[DeletedUser394]

Xux, vsamz hsiev efwodi siq++ :iate_dmeq:

O cimoiwi Cisltjosi Jevjexez xet usohopemmz e Duvvup Nommoph qmepv.

 

[KLPInvestments]

Sief vji cuul...

Caggivv: Vji Neloph ug ep Enisodep Deqovemotv....cz Muxiptviop

Ov't vji citv cuul up Caggivv O jewi iwis sief.

 

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[KLPInvestments]

Nezci ov xet e notveli op e tipti, cav ji tvuqqif siopwitvoph qsugovt op viyvomit epf tvesvif gappimoph vji gapft opvu uvjis catopittit, tqidogodemmz optasepdi dunqepoit. Tu, et cef e catopitt et xet viyvomit, Xessip nepehif vji catopitt op tadj e xez vjev ov xet tqoppoph ugg detj. Ji katv xetp'v quasoph jot detj cedl opvu viyvomit moli jot dunqivovust xisi. Ji atif Cisltjosi't detj et vji tqsophcuesf vu cazoph Pevoupem Opfinpovz Optasepdi Du, op Uneje. Vjot hewi jon edditt vu vji opvisitv gsii gmuev opjisipv xovj nutv optasepdi dunqepoit. Vjot xet e qomi ug gapft ji duamf ati 'opvisitv gsii' vu opwitv op uvjis ettivt. Vjot xet e quxisgam gusn ug miwisehi. Ji liqv vji viyvomi catopitt uqisevoph gus e qisouf cideati vji inqmuziit xisi umfis epf jef nutvmz pup-vseptgissecmi tlommt. Cav iwipvaemmz ji jef vu tjav vjin fuxp vu ewuof jahi muttit. Cz vjip Caggivv xet tegimz opvu uvjis opwitvnipvt. Jisi't xjisi ji siemobif vjev Hsejen xetp'v dunqmivimiz sohjv xovj jot qjomutuqjz ug cazoph djieq dohes cavv vzqit ug opwitvnipvt. Ji deni esuapf vu vji ofie ug qezoph aq e cov nusi gus e catopitt xovj ipfasoph dunqivovowi efwepvehit epf nusi gewusecmi muph visn qsutqidvt. Djesmoi Naphis jimqif jon emuv xovj vjiti pix ofiet.

Vji wemai opwitvoph esipe ot e cov vuahjis vjep ov atif vu ci cideati vjisi esi pux e muv ug qiuqmi uav vjisi xovj e muv ug nupiz xju jewi tvafoif Hsejen epf Caggivv. Tadditt csiift dunqivovoup.

O vjopl Caggivv emxezt jef ep inuvoupem duppidvoup vu Cisltjosi Jevjexez, xjodj ot xjz ji liqv vji peni iwip egvis tjavvoph fuxp vji nommt.

Viyvomit cideni tadj ep exgam catopitt cideati vjisi xet tu nadj dunqivovoup, itqidoemmz gusiohp dunqivovust. Vjot niept vjisi xisi pu qsodoph quxis op ov. Vji qsugov neshopt xisi sebus vjop. Vjisi xisi emtu wisz johj goyif dutvt opjisipv op vji catopitt. Vji nommt xisi iyqiptowi vu uqisevi, aqhsefi, epf nufispobi. Zua xisi emxezt tqipfoph nupiz vu vsz epf neli vjin nusi iggidoipv. Cav et tuup et vjuahjv zua jef ep ifhi, zua siemobif zuas dunqivovust jef deahjv aq vu ov, epf zuas neshopt piwis xipv epzxjisi. Vjiz edvaemmz fivisousevif iwip nusi cideati zua xuamf vjip tvsahhmi vu siduaq vji opwitvnipvt zua xisi qavvoph cedl op zuas nommt. Ov xet e wisz deqovem opviptowi catopitt. Viyvomit xisi e dunnufovz, epf vjisi xet puvjoph vu fotvophaotj zua gsun vji dunqivovoup. Pu upi xuamf caz gsun zua og vji piyv haz xuamf timm ov djieqis. Et Caggivv teof...."op viyvomit, zua esi upmz et tnesv et zuas fancitv dunqivovus".

 

[8 SNAKE]

Hsiev qutv, LMQ! Tqiif ++