Warren Buffett and Charlie Munger address the issue of gambling. Reporter’s Question Hi i’m Susie Taylor from Lincoln Nebraska. By way of explaining, we wrote down the value of U.S. air reflecting our investments current market value you had a good explanation in your report as to why the economics of the business are unattractiveContinue reading “You Don’t Have to Make it Back The Way You Lost it”
The year is 1995, A question is poised about the opinions of projections on future cash flow. The following is a response from Mr. Munger and Mr. Buffett. Charlie Munger To the extent that the method of estimating future cash flow requires projections? I would say that projections while they’re logically required by the circumstancesContinue reading “Warren Buffett and Charlie Munger Talk Projections”
“Life is a whole series of opportunity cost, you have to marry the best person who is convenient to find who will have you. Investment is very much the same sort of a process.” – Charlie Munger The year is 1997, an investor approaches and ask an indirect question about opportunity cost. The response fromContinue reading “Opportunity Cost Described By Warren Buffett and Charlie Munger”
“we think diversification is as practiced generally makes very little sense for anyone that knows what they’re doing. ” -Warren Buffett The year is 1996 at the Berkshire Hathaway annual meeting. A question has been sprung by a shareholder asking Warren Buffett and Charlie Munger about their approach to and thoughts on diversification. An ageContinue reading “Warren Buffett and Charlie Munger on Diversification in 1996”
What would it take from Russia for you to invest Mr. Buffett? They were not that friendly when it came time to take the oil out, it was extreme what took place… it might take us quite a while before we wanted to sink a lot of money into Russia.