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Warren Buffett - the World's Greatest Moneymaker

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Warren Buffett - the World's Greatest Moneymaker

Nothing much on TV last night to I caught up on a programme I recorded from last week on Warren Buffett.  It was a fascinating insight to this great man who is one of the richest in the world.  It's still available on i player and well worth a watch.
http://www.bbc.co.uk/programmes/b00nn7vs
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Community Veteran
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Re: Warren Buffett - the World's Greatest Moneymaker

A list of the current 20 richest men in the world. 
                                                        Age    $Bn
1 William Gates III United States 53 40.0 United States
2 Warren Buffett United States 78 37.0 United States
3 Carlos Slim Helu & family Mexico 69 35.0 Mexico
4 Lawrence Ellison United States 64 22.5 United States
5 Ingvar Kamprad & family Sweden 83 22.0 Switzerland
6 Karl Albrecht Germany 89 21.5 Germany
7 Mukesh Ambani India 51 19.5 India
8 Lakshmi Mittal India 58 19.3 United Kingdom
9 Theo Albrecht Germany 87 18.8 Germany
10 Amancio Ortega Spain 73 18.3 Spain
11 Jim Walton United States 61 17.8 United States
12 Alice Walton United States 59 17.6 United States
12 Christy Walton & family United States 54 17.6 United States
12 S Robson Walton United States 65 17.6 United States
15 Bernard Arnault France 60 16.5 France
16 Li Ka-shing Hong Kong 80 16.2 Hong Kong
17 Michael Bloomberg United States 67 16.0 United States
18 Stefan Persson Sweden 61 14.5 Sweden
19 Charles Koch United States 73 14.0 United States
19 David Koch
Community Veteran
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Re: Warren Buffett - the World's Greatest Moneymaker

But are they happy?  Grin
Community Veteran
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Re: Warren Buffett - the World's Greatest Moneymaker

The programme concentrated on Buffett and he looked very happy as did Bill Gates who also featured Smiley
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Re: Warren Buffett - the World's Greatest Moneymaker

Nah - money doesn't create happiness.
Not that much anyway Grin
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Re: Warren Buffett - the World's Greatest Moneymaker

money doesn't by happiness, but it allows you a degree of comfort for your misery.
Community Veteran
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Re: Warren Buffett - the World's Greatest Moneymaker

Check out the programme and tell me if he is unhappy.  If that's unhappy then I'll have some of it please Smiley
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Re: Warren Buffett - the World's Greatest Moneymaker

Money doesn't make you happy.... Well I'm totally skint and that hasn't done me any favours either.
I need a new signature... i'm bored of the old one!
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Re: Warren Buffett - the World's Greatest Moneymaker

One fact that came out is that he's given $30Bn to Bill Gates charity.  He feels gates will use it better than he would to help worthy causes. 
nadger
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Re: Warren Buffett - the World's Greatest Moneymaker

Quote from: artmo
If that's unhappy then I'll have some of it please Smiley
I'd recorded and watched that programme.
What was amazing was how quiet and unassuming he is.
He still lives in same house that he bought 40 years ago - by no means the biggest on the street.
His daughter tells him when he should change his car - last one he got cheap as it had hail damage to the roof.
His firm uses one floor of a local office building and he only has about 20 employees.
Still eats at local steak house a few times a week and plays in local country an western group.

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Re: Warren Buffett - the World's Greatest Moneymaker

So how did he make his money then with 20 employees?
Shame he never thought of me... I'm a worthy cause for donating some cash to  Cheesy
I need a new signature... i'm bored of the old one!
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Re: Warren Buffett - the World's Greatest Moneymaker

He invests in companies that he sees as having a long term future.  He is a big investor in Coca Cola, Dairy Queen and other retail/consumer companies.  He also is a big investor in the insurance market.  Generally leaving existing management to run the company.  If he can't understand a company he doesn't invest, hence few high tech companies in his holding.
As nadger says, a very ordinary, down to earth man.
nadger
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Re: Warren Buffett - the World's Greatest Moneymaker

He's at it again - this time it's a railroad Smiley
http://news.bbc.co.uk/1/hi/business/8349065.stm
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Re: Warren Buffett - the World's Greatest Moneymaker

Yes heard about this last week.  He must know something about the industry others have failed to see.  It will be interesting to see how it works out.
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Re: Warren Buffett - the World's Greatest Moneymaker

Quote from: artmo
  He must know something about the industry others have failed to see. 

It was stated below, he invests in companies with a business model, service or strategy he understands.
I really wish these investment bankers did not invest in 'semiconductors' or 'pharmaceuticals' as they clearly have no clue.
I work in a business area where it means 'I understand semiconductors' there was a time many years ago where I followed the Buffet philosophy and invested in those companies I really understood, yet despite those companies getting stellar results the stock price went up and down like a yo-yo for no good reason. Sad I have stopped doing that as it was just gambling, for me, it was with a very small amount of money I could afford to lose, others are not so lucky as that is what your Pension Fund Manager is gambling with.
Most Fund Managers rely on Analyst Reports to decide if a sector or company is on the rise or fall, Buffet and his team do their own investigations forming their own opinions. This is the difference.
Its a small world, in the area of technology which I am involved I was sent a copy of an Analyst Report, it was really very bad but costs £10,000's to buy! I read it and looked at the authors name, and amazingly I recognised the name as somebody I went to school with 15 years ago and am in touch with from time to time. So I gave him a call to find out how he did his research which lead him to make the conclusions he did ... the answer is not what you wanted to hear.
SW.
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