Value Investor Whitney Tilson abandons Warren Buffett 'macro' orthodoxy

Discussion in 'Wall St. News' started by Daal, Feb 13, 2009.

  1. Daal


    Interesting, when I suggested buffett was out of touch because he didnt do what Tilson is doing I was called a nut for even questioning the great oracle. Just when buffett will admit ignoring macro issues and just looking at micro is lunacy and he gave bad advice for decades?
  2. This has to rank up there with "Driving a taxi is an honorable job," "getting an MBA or masters in finance just for shitz and giggles while wanting to be a carpenter or trade job" for truely stupid shit on this site.

    Ya Buffet's been giving bad advice for decades.

    The little leaguer Tilson Focus Fund vs the Major league BRK

    <IMG SRC=>

    Get off the field!
  3. Makes me think that TILWX is just executing BRK's orthodoxy poorly, and is now blaming the orthodoxy.

    The part about "patience" in the Buffett orthodoxy may have been lost on Tilson (aside from making your profits at the buy)?

    At the same time, I think the Buffett method may be unachievable these days unless you have immense scale. Back in the day when WB was starting out the competition in the business landscape was rather unsophisticated and often shaped by significant informational imbalance and personal management agendas, something that is so much less prevalent today. Plus hoards of sophisticated investors descend on instances where the above come to light. Not that that didn't happen to young warren too, but again to a lesser extent.