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Words of Wisdom From Warren Buffett
Fivecentnickel.com ^ | 2-27-08 | Brian Preston

Posted on 03/02/2008 5:51:50 AM PST by RKBA Democrat

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1 posted on 03/02/2008 5:51:51 AM PST by RKBA Democrat
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To: freespirited; oblomov; Jet Jaguar; wastedyears; nascarnation; Henry Belden; petercooper; ...
Surviving Socialism Pinglist
Stories and tips with a financial emphasis to help conservatives prosper during difficult times.

To be added or taken off this list, please send a FR mail to RKBA Democrat

2 posted on 03/02/2008 5:52:44 AM PST by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: RKBA Democrat

Weird.


3 posted on 03/02/2008 5:56:49 AM PST by kinoxi
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To: RKBA Democrat
Here is the truth...

When you have a dim party that lies and deceives about mortal enemies at the gate... when you have putrid leftists that sell their soul to satan for their power and position, lying about the economy every day... when they fan the flames of faux crises such as globull warming... when they hate the President and have tried to remove him from office for 8 years... when VICTORY is labeled as defeat... when evil is the basis for your opposition's power, as the dims are to Republicans... you end up in THE World we live in today... where half-white is black... an ignorant and inexperienced imbecile is 50% of the Nation's Messiah... good is evil... and the sheeple are programmed with every TV show and every news cast to believe that reality is 180 degrees from true course... it does not take a shyster billionaire and two pages of mush to tell it like it is.

LLS

4 posted on 03/02/2008 6:10:34 AM PST by LibLieSlayer (Could I ever vote for mcstain? osamabama hussein may convince me yet!)
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To: RKBA Democrat
Words of Wisdom for Warren Buffett

1. You sleep with Dogs you get Fleas

2. Don't cast your pearls before swine

3. You are known by the company you keep.

4. Keep your eyes off my portfolio.

5. Filthy Rich is just nasty.

6. You only get to vote once, no matter how many billions you have.

7. Money can't buy you love.

8. Money can't buy you an election..Just ask Romney

9. Bug off Buffett.

10. Not a tip, but a joke..what do you get when you cross Hillary with Warren Buffett? A very witch Person.


5 posted on 03/02/2008 6:18:38 AM PST by AmericanMade1776
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To: LibLieSlayer

What you said! Also, Buffet has no interity. Opposed the repeal of the death tax so the rest of us have to pay it. However, after opposing the repeal, he put his money in a charitable trust so the Government can’t get their hands on it. Also, supports the anti-capitalist democrats. Just a guy that got rich, but has no real vision. He doesn’t deserve any respect.


6 posted on 03/02/2008 6:19:48 AM PST by ex_desert_cowboy
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To: RKBA Democrat

*


7 posted on 03/02/2008 6:20:56 AM PST by Sam Cree (absolute reality)
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To: All

When you have billions like Buffett, you can stay in until it hurts. The average investor simply can’t do that.

You have to have some diluted market timing strategies that dollar cost average you into the market as it goes down, and take profits as it goes up.

Buy and Hold forever only works for the well healed...just ask the tech bubble (media never mentions this Clinton debacle) investors who got wiped out and bought more as stocks went lower.

This market has no risk/reward advantage.


8 posted on 03/02/2008 6:30:45 AM PST by rbmillerjr ("bigger government means constricting freedom"....................RWR)
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To: RKBA Democrat

When we follow the money trail, one should notice that fewer people are controlling more of our money than ever.

They can afford to lose our money first. Their money will be safe. When the markets hit bottom, they come back, buy up what everyone lost for cheap, and make even more money when selling back to the suckers they stole from.

Anyone remember gold back in the late 70’s? It took 25 years for the price to rebound after dropping almost half of it’s peak price. Anyone who sat on that gold has some equity now, but adjusted to inflation over the past 25 years, their gold is still worth $300 some dollars in buying power adjusted for inflation.

At least thats the way I see it.


9 posted on 03/02/2008 6:48:43 AM PST by o_zarkman44 (No Bull in 08!)
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To: RKBA Democrat

Self contradicting situational “wisdom”. Supposed to “hold forever”, but “sell before midnight”.


10 posted on 03/02/2008 6:50:25 AM PST by ecomcon
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To: AmericanMade1776

Interesting that this thread strikes such a negative chord. More howling in the FR echo chamber?

I don’t care much for WB’s politics. But then again, he isn’t running for political office. He probably also senses which way the wind is blowing and is going to act to protect his interests.


11 posted on 03/02/2008 8:02:11 AM PST by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: AmericanMade1776

Interesting that this thread strikes such a negative chord. More howling in the FR echo chamber?

I don’t care much for WB’s politics. But then again, he isn’t running for political office. He probably also senses which way the wind is blowing and is going to act to protect his interests.


12 posted on 03/02/2008 8:02:49 AM PST by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: RKBA Democrat
I don’t care much for WB’s politics. But then again, he isn’t running for political office. He probably also senses which way the wind is blowing and is going to act to protect his interests.

I saw nothing in there that indicated he knew which way the wind was blowing, only economic platitudes, most of them old.

As many of you are aware Warren is a humble self-made billionaire that has been successful by being consistent and focused on what he is good at; finding good companies that have good management and healthy financial statements.

Most of them bought at bargain basement prices because the heirs had to sell after the founder died, all because of the Death Tax supported by WB. His main source of capital is selling life insurance, the proceeds from which are tax exempt. A nice little parlay for WB.

He cares not one wit for the rest of us.

13 posted on 03/02/2008 8:37:10 AM PST by Mind-numbed Robot (Not all that needs to be done, needs to be done by the government.)
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To: AmericanMade1776

This thread was about investing, not about Hillary and the election. Did you miss that?


14 posted on 03/02/2008 10:52:05 AM PST by cowtowney
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To: o_zarkman44

“When the markets hit bottom, they come back, buy up what everyone lost for cheap, and make even more money when selling back to the suckers they stole from”

Are you suggesting that buying when others are selling and selling when others are buying is somehow “stealing from someone”?


15 posted on 03/02/2008 10:55:33 AM PST by cowtowney
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To: Mind-numbed Robot

“His main source of capital is selling life insurance, the proceeds from which are tax exempt. A nice little parlay for WB. He cares not one wit for the rest of us.”

Warren Buffet and Berkshire did quite well before he got involved in Geico and Reinsurance.

He cares not wit for the rest of us? What’s that about? Why should he? He’s just a guy who makes great long term investments and has stuck with his strategy. It’s not a secret. There’s plenty of books outlining what he and Charley have done.


16 posted on 03/02/2008 10:59:55 AM PST by cowtowney
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To: cowtowney; RKBA Democrat
He cares not wit for the rest of us? What’s that about? Why should he?

I was responding to what I considered the tone of the comments by RKBA Democrat to be, that WB is a warm and gentle man despensing investment words of wisdom to the rest of us, words which boil down to "buy low, sell high."

Specifically I was speaking of Buffett frequently complaining about how little we, the average American, pay in taxes versus the rich like himself while at the same time fighting meaningful tax reform because he profits by the present system. He supports higher taxes because he will become even richer because of them, to Hell with the rest of us.

That was my beef, not the free enterprise system.

17 posted on 03/02/2008 11:38:52 AM PST by Mind-numbed Robot (Not all that needs to be done, needs to be done by the government.)
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To: RKBA Democrat
Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

True enough. But Warren! Your support of Hillary Clinton is....just dumb.

18 posted on 03/02/2008 11:42:30 AM PST by GVnana ("They're still analyzing the first guy. What do I have to worry about?" - GWB)
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To: cowtowney
"He’s just a guy who makes great long term investments and has stuck with his strategy. It’s not a secret. There’s plenty of books outlining what he and Charley have done"

Much as I hat Buffet's politics, he's Midas when it comes to making money. Is there some fund that invests in whatever he does?

19 posted on 03/02/2008 1:55:09 PM PST by boop (Democracy is the theory that the people get the government they deserve, good and hard.)
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To: boop

“Is there some fund that invests in whatever he does?”

http://www.wisdomfund.com/


20 posted on 03/02/2008 6:47:12 PM PST by cowtowney
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