Reunión Berkshire Hathaway
reenviándote the report I received Keith Kuninham part on the meeting he had with Warren Buffet in Omaha last month, I hope you find it interesting ... Monday, May 24, 2010
Melted Styrofoam Food
Arthur, just returned from Omaha of the Berkshire Hathaway annual meeting, my meeting with Warren Buffett.
Although we have been shareholders for years, I have never spared the time to be with him.
I always thought that if you go to listen to someone, make sure you are eating what they have cooked and have created a truly sustainable success. Warren Buffett is clear that falls into this category and their views are very clear, simple and meaningful ... here are some I found particularly Useful
1. The key to getting rich is to create a structure or set of rules that minimize the syndrome of "Everybody's doing." If everybody is doing it, be careful!
2. The primary key to successful investing is not the size of your circle of influence, but know where the perimeter. Too many people turn away from what they know and investors become speculators.
3. The main cause of the recent crisis on Wall Street are the business schools and MBA programs around the country and the world in general, teach people to invest in the short term, rather than owning a piece of the company that provided produce peaks turns and stock prices.
4. The most recent rise in the stock market is mainly a result of low interest rates ... people can not sit on the bench doing in 2 years and 10 months on 1% return on your money. Money has begun to flow back into stocks because there is no alternative, and most investors can not sit and do nothing when there is nothing to do that makes sense.
5. Given the recent level of government intervention in the upper part of the obligations of the existing debt in the United States, inflation is likely to grow significantly. Also be higher taxes. Inflation and tax increases are the result of the inability of Americans to live within their means, so that the collect and print more money is the most likely answer.
6. The real culprit of the recent economic crisis in the U.S.. not the U.S. Treasury Department, is the Congress, because they have spent too much money compared to the amount received by the nation's taxes and this imbalance will result in more pain.
7. The problem in Greece is that it has its own money to print more notes and go out like your problem ... Likewise neither can any other members of the Euro. For this reason, the problem of Greece is likely to be repeated several times in the coming months.
8. In the long term, Warren and his friend Charlie Munger are faithful believers in the U.S. economy, which is why just invest $ 29 billion for the purchase of a railroad. Railways are the main driver of the goods in the foreseeable future. As best desenpeñe the U.S. economy., Rather they need to move. This is a long-term bet on the U.S. economy.
For those not familiar with the spectacular results of the investments of Warren Buffett, consider this: In 1979, your could have bought their shares for $ 290USD. Today
cost $ 120,000 each action. You can read more about this incredible man and his investment philosophy by reading his annual letter to shareholders President I recommend you read all of them (1977-2009):
http://www.berkshirehathaway.com/letters/letters . html
For those addicted to speed, please remember that it took Warren 12 years (1950-1962) to make his first million dollars ... The lesson: The goal is not to get rich ... The goal is to get rich and stay that way!
Rueda Arturo Chavez, Certified Business Coach
achavez@actioncoach.com.mx
http://www.actioncoach-bcf.com.mx/
Tel 011-52-2458-8210
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