Warren buffet video

Warren buffet video - Warren buffet video o Three things in...

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Warren buffet video o Three things in hiring Integrity Intellect Energetic o He does not like dealing with currency risk so he would invest in something denominated in that countries currency Not a macro guy Cigar but investing – you get one free puff out of the stock and then you go on your way Low return businesses o If you are in a lousy business for a long time, you are going to get a lousy return…and vice versa o Rescue buyer of long term capital If you risk something that is important to you, for something that is not important to you, then it is dumb risk They thought that the beta gave you an indication on the risk of the stock and that sigma tells you about the risk of going broke He doesn’t believe this to be true Borrowed money when they shouldn’t have o There are two types of people that go broke… Those that know nothing and those that know too much o When you are done…take a job you love o I like businesses I can understand
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This note was uploaded on 02/17/2012 for the course FIN 4504 taught by Professor Banko during the Spring '08 term at University of Florida.

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Warren buffet video - Warren buffet video o Three things in...

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