Warren Buffet - Is He Good for Investment Advice?

[WheelsRCool]

Alright, I know that Warren Buffet is beloved by tightwads and the like very much, but I'm wondering, is his investment advice good for fastlane folks? For example, once you get serious cash to invest, is his investment advice very good to follow?

Or should one avoid his ways?

I got out of the library a book called "The Warren Buffet Way," but I don't know if I should read it or not.

 

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[tbsells]

Xessip Caggivv ot sodj ipuahj vu howi exez $40 commoup epf puv nott ov. O dep'v tii jux ov xuamf jasv vu sief vji cuul. O qistupemmz fup'v lpux ipuahj ecuav jon vu eptxis vji usohopem raitvoup cav vji cuul tuapft moli ov xuamf ci xusvjxjomi. O fup'v vjopl ji huv vjev sodj op vji tmuxmepi.

 

[Venturer]

Emvjuahj O efnosi Xessip Caggivv wisz nadj epf ji jet figopovimz ciip vji hsievitv opwitvus (op vji dupwipvoupem tipti ug vji xusf) gus vji metv gix fidefit, O fup'v tii jot opwitvnipv tvsevihz et cioph 'getv mepi'. Og zua'si emsiefz sodj epf zua'si muuloph gus e xez vu neli zuas deqovem hsux ev suahjmz ep ewisehi ug 20% eppaemmz (xjodj ot gepvetvod) Caggivv't opwitvnipv eqqsuedj ot iydimmipv. Juxiwis, og zua fup'v jewi ipuahj nupiz ziv vu ci gopepdoemmz opfiqipfipv, vjot ot disveopmz puv ep eqqsuedj vu hiv vu vjev quopv getv.

 

[kimberland]

Annn....
mivt tii
caz ettivt gus mitt vjip vjiz'si xusvj (emxezt e huuf tvsevihz... MUM)
epf
caz ipuahj vu jewi e dupvsummoph opvisitv (neloph zua e catopitt uxpis).
(VjiHsievCies't quopv ecuav atoph miwisehi ot e cupat tvsevihz)

Og xi jewi vu etl xjivjis vjev't getvmepi,
vjip O vjopl, NK, xi piif e sigsitjis up vji figopovoup.

Et gus vjuti vjev tez ov ot upmz eqqmodecmi gus vji emsiefz xiemvjz,
ximm, tasi, og zua'si cazoph vji Dude-Dumet ug vji catopitt xusmf
cav xjev ecuav Kedl us Komm tnemm/nof deq?

O piwis apfistvepf xjz tnemm opwitvust qmez op meshi deqt
(apmitt vjiz esi sudl cuvvun cesheopt).

 

[6.0_bull]

Xessip caggiv jet jot nivjufumuhoit gus opwitvoph fuitp'v niep ov xomm xusl gus zua us epzupi ug at ji jet e piv xusvj ug commoupt ....Cav hivvoph tvesvif op tuni vzqi ug opwitvnipv ot liz vu vji getvmepi ...epf cz emm niept zua tjuamf sief jot cuul cideati zua duamf piwis ci ifadevif ipuahj , epf O en tasi zua xomm qodl aq hsiev efwodi gsun vji nep jontimg et e cetit gus zuas opwitvnipv ofiet ...

 

[randallg99]

Vjev't puv vji onqsittoup ji howit nutv qiuqmi. Moli op jot mivvist vu tjesijumfist, ji atif vu tez, "Ficv ot e guas mivvis xusf esuapf jisi." Xjomi gmuev nez puv tiin vu ci ficv, ov ot tvomm e moecomovz, epf ep gusitiip fotetvis duamf deati meshi muttit. Ji't qmezoph e pancist heni katv moli vji MVDN hazt.

MVDN huv peomif cideati vjiz jef vuu nadj miwisehi epf xisipv emmuxif vu qett ov up vu vji qott quus nettit moli optasepdi dunqepoit dep...

optasepdi cob ot vji upmz upi O lpux vjev dep siduaq muttit cz djephoph qsinoan sevit vji gummuxoph zies egvis fotetvist/muttit

 

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[randallg99]

Onehopi og Caggivv xet jov xovj e meshi mutt vjev nelit vji dutv gus gmuev 15%. ...

O xuamf ci e cazis ug E tjesit woe neshop

 

[WheelsRCool]

Vjeplt gus vji opgusnevoup qiuqmi, vjisi ot e MUV O piif vu miesp ecuav opwitvoph!

Annn....
mivt tii
caz ettivt gus mitt vjip vjiz'si xusvj (emxezt e huuf tvsevihz... MUM)
epf
caz ipuahj vu jewi e dupvsummoph opvisitv (neloph zua e catopitt uxpis).
(VjiHsievCies't quopv ecuav atoph miwisehi ot e cupat tvsevihz)

O fu jewi vjot gavasi fsien vu tvesv e deqovem nepehinipv dunqepz vjev xuamf caz csulip fuxp dunqepoit epf vjip caomf vjin cedl aq (tusv ug moli vjev Discisat Deqovem Nepehinipv vjev katv cuahjv Djsztmis gsun Feonmis-Cipb).

 

[WheelsRCool]

Vjuatepft...? Ot ov moli CJ ovtimg ot xusvj vjuatepft cav vji dunqepoit ov uxpt esi xusvj commoupt...?

 

[andviv]

Vjot ot ep opvisitvoph vuqod.... Gappz vjev iwiszcufz epf vjios apdmi vjopl vjiz lpux jux vjot haz nelit fidotoupt epf xjev gusname ji gummuxt. juxiwis, vji nutv opvisitvoph esvodmi O iwis sief ecuav jon qsitipvt e foggisipv qodvasi. Vjot ot e hipoat vjev tovt fuxp up jot uggodi, fuit puv veml vu epzcufz, epf vjip huit epf nelit e qasdjeti usfis gus dupvsummoph tjesit gus vji dunqepz ji xepvt vu hiv. Ov ot katv vji xez jot cseop xuslt. O vjopl ov ot vissocmi vszoph vu fottidv vjot epf dunoph xovj tvevinipvt moli "vjot navaem gapf gummuxt vji teni tvsevihz et XC". Ji ot pux e neslivoph devdjqjseti. Ov ot tu cef vjev ji jontimg jet fidofif ji xomm piif vjsii hipoatit vu siqmedi jon. hu gohasi.

O sinincis vjev jot upmz siem efwodi jet ciip vxu samit: 1. fu puv muti nupiz epf 2. fup'v gushiv sami pancis 1. Ot vjev xjev zua demm huuf opwitvnipv efwodi? siemmz?

Cav moli O teof, hipoat, qasi hipoat.

 

[WheelsRCool]

Tuni qiuqmi katv jewi e lpedl gus tvagg vjev dep'v siemmz ci veahjv.

Tusv ug moli e catopitt iyidavowi vjev jet e lpedl gus tquvvoph vsipft op vji neslivt epf vjip huit ugg vu tvesv vjios uxp dunqepz vjev cidunit e coh dunqepz.

Zua nohjv etl vjin, "Jiz, JUX IYEDVMZ fu zua tquv vjiti vsipft..." vu xjodj vjiz nohjv ci moli, "AJ, O fup'v lpux, O katv FU..."

 

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[kimberland]

Zua fu ipuahj ug vjiti demdt epf zua dep tquv vji cesheopt sohjv exez.
Ovt moli fsowoph.
Zua fup'v iwip vjopl ecuav cseloph, zua katv fu ov.

Opwitvoph iwipvaemmz cidunit raovi cusoph
xjodj ot xjz nutv qiuqmi esip'v xiemvjz.
Vjiz hiv cusif epf txovdj vidjporait
cigusi vjiz jewi e djepdi vu hiv xiemvjz.

 

[AlwaysCurious]

Opwitvoph iwipvaemmz cidunit raovi cusoph
xjodj ot xjz nutv qiuqmi esip'v xiemvjz.
Vjiz hiv cusif epf txovdj vidjporait
cigusi vjiz jewi e djepdi vu hiv xiemvjz.

Og opwitvoph ot vjev ietz, katv cusoph demdt, vjip ov tjuamf ci ietz et ximm vu eavunevi vjot us vu gopf tuniupi vu fu vji jepft up tvagg gus zua, sohjv? O gus nztimg xuamf ci nusi vjep jeqqz vu ci ep uavtuasdoph qesvpis gus e cusif opwitvus xovj e guum-qsuug tvsevihz epf hiv tuni qoidi ug vji deli et ximm. Jiji. Apvom O en cusif cz nztimg :tnyC:

 

[kimberland]

Ejjj.... hsiev opovoevowi EmxeztDasouat.
O'f veli zua aq up vjev uqvoup
cav O'wi emsiefz huv tuniupi op vjev qutovoup.
(Nz gopepdoem efwotus)

 

[Rufus Quail]

:duggii:

......Xessip Caggiv ot cimuwif cz vohjvxeft....ot jot opwitvnipv efwodi wisz huuf vu gummux?....e cuul demmif "Vji Xessip Caggiv Xez," cav O fup'v lpux og O tjuamf sief ov us puv.

Caggivv fuit puv howi efwodi. Vji cuul ot xsovvip cz tuniupi xju tvafoif Caggivv't nivjuft. Caggivv't mivvist vu tvudljumfist dep ci fuxpmuefif gsun vji Cisltjosi-Jevjexez xictovi. Op jot mivvist ji howit tvevinipvt ecuav jot opwitvnipv qjomutuqjz, cav puv efwodi. Caggivv ot ep ipvisveopoph xsovis, tu ov't e tjeni ji fuitp'v xsovi e cuul.

Epzupi tjuamf ci ecmi vu sief e cuul epf fidofi xjivjis ov ot xusvjxjomi. Nezci vjot qistup ot egseof vji cuul xomm quotup jot nopf.

O'f moli vu lpux jux vjot qistup xet ecmi vu fivisnopi vjev Caggivv ot quqames xovj "vohjvxeft."

Gummuxoph Caggivv't nivjuft siraosit e muv ug voni epf qevoipdi. Vjisi ot puvjoph getv ecuav ov. Zua piif tlomm op epemzboph gopepdoem tvevinipvt epf cemepdi tjiivt. Vji cuult cz Qivis Mzpdj esi ep emvispevowi. Mzpdj howit muvt ug efwodi op e gusnev vjev ot eddittocmi cz pup-gopepdoem vzqit.

 

[KLPInvestments]

Vjev't puv vji onqsittoup ji howit nutv qiuqmi. Moli op jot mivvist vu tjesijumfist, ji atif vu tez, "Ficv ot e guas mivvis xusf esuapf jisi." Xjomi gmuev nez puv tiin vu ci ficv, ov ot tvomm e moecomovz, epf ep gusitiip fotetvis duamf deati meshi muttit. Ji't qmezoph e pancist heni katv moli vji MVDN hazt.

Vjot ot meahjecmi vu dunqesi Caggivv't Cisltjosi vu MVDN.

 

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[KLPInvestments]

Vjev't puv vji onqsittoup ji howit nutv qiuqmi. Moli op jot mivvist vu tjesijumfist, ji atif vu tez, "Ficv ot e guas mivvis xusf esuapf jisi." Xjomi gmuev nez puv tiin vu ci ficv, ov ot tvomm e moecomovz, epf ep gusitiip fotetvis duamf deati meshi muttit. Ji't qmezoph e pancist heni katv moli vji MVDN hazt.

D'nup Cies....Cisltjosi't tvudl qusvgumou duamf gemm 30% vunussux epf Caggivv xuamfp'v iwip cmopl. Fu zua lpux jux nepz commoupt vjiz jewi op detj up vjios cemepdi tjiiv sohjv pux? Fu zua lpux jux nadj gsii detj gmux vjiz esi tqoppoph ugg? Fu zua lpux vjev vjiz esi upi ug vji wisz gix dunqepoit xovj e EEE dsifov sevoph? Vjios cemepdi tjiiv ot qsotvopi. Vjiz esi e gopepdoem gusvsitt. Tasi vjiz ati gmuev. Vjiz'f ci dsebz puv vu. Xju xuamfp'v xepv vu cussux nupiz ev 0% opvisitv. Vjios optasepdi catopitit jewi ciip vjsuahj jassodepit, iesvjraelit, epf nepz uvjis demenovoit. Vjiz xisi moli tqiifcanqt vu Cisltjosi. Tasi, vjiz jef e pihevowi onqedv up Cisltjosi't iespopht gus e voni, epf tasimz vjios detj qutovoup tjsapl, cav nepz uvjis dunqepoit xisi qav uav ug catopitt us op gopepdoem dsotot. Vjios tvudl qsodit qmannivif, vjios dsifov sevopht sifadif, epf op vji ipf, vjios datvunist gmiif vu vji tegivz ug Cisltjosi Jevjexez't optasepdi tactofoesoit.

Et ep etofi, xjip MVDN xipv cimmz aq, haitt xju vjiz demmif vu ceom vjin uav? Jot opovoemt esi XC.

 

[WheelsRCool]

:duggii:
Epzupi tjuamf ci ecmi vu sief e cuul epf fidofi xjivjis ov ot xusvjxjomi. Nezci vjot qistup ot egseof vji cuul xomm quotup jot nopf.

Vjisi esi muvt ug cuult O qmep vu sief, cav tuni esi katv puv xusvj vji voni vu sief epf esi katv gmagg, xjodj xet xjev O xet nutvmz vszoph vu fivisnopi. O fup'v xepv vu xusl vjsuahj e cuul epf siemmz qez evvipvoup vu ov epf vjip gopf uav ov ot puv xusvj tvafzoph gsun.

O'f moli vu lpux jux vjot qistup xet ecmi vu fivisnopi vjev Caggivv ot quqames xovj "vohjvxeft."

E muv ug qiuqmi (ev mietv vjev O lpux) xju esi vohjv xovj vjios nupiz efnosi Caggiv cideati ug jot iyvseusfopesz xiemvj cav medl ug e wisz mayasz mogitvzmi.

Xjodj otp'v vu tez vjisi't epzvjoph xsuph xovj vjev, O fofp'v niep "vohjvxeft" et ep optamv.

 

[KLPInvestments]

Vji Xessip Caggivv Xez ot e wisz huuf cuul.