worlds greatest investor does not use fancy tools

Discussion in 'Wall St. News' started by Free Thinker, Jan 2, 2006.

  1. A Warren Buffett Workstation
    Unless you are a die-hard expert on Buffett already, you might find this description of Buffett's office organization interesting. I was surprised that he has a TV tuned to CNBC, and I cannot imagine working without a PC. I suppose, we might as well throw in making $100 million dollar investments as well. This excerpt is about a month old, from the Saturday WSJ. - Ed

    On that recent Wednesday morning, at just before 9, Mr. Buffett pulled his slate-colored Lincoln Town Car with vanity license plate "THRIFTY" into a parking garage in downtown Omaha. Mr. Buffett, exhibiting no apparent signs of reduced vigor, walked swiftly toward Berkshire headquarters, which occupies a single floor of a nondescript office building. Recently, on the advice of his doctor, he adopted a three-day-a-week workout regimen with a personal trainer. "I always feel good," says Mr. Buffett, whose diet is heavy on hamburgers and soft drinks.

    He chatted briefly with his assistant, then hurried into his modest-size office and shut the door. There is no computer in there, nor is there a stock-quote machine or stock-data terminal. He keeps a muted television set tuned to CNBC, the financial-news network. Although he occasionally carries a cellphone on the road, he does not use one in Omaha. He keeps no calculator on his desk, preferring to do most calculations in his head. "I deplore false precision in math," he says, explaining that he does not need exact numbers for most investment decisions. On the cabinet behind his desk are two black phones with direct lines to his brokers on Wall Street. ...

    Last year, Mr. Buffett says, he began buying Korean stocks for his personal brokerage account, investing a total of $100 million in roughly 20 Korean companies. He says that the investments were too small to be appropriate for the Berkshire portfolio. "These were not Berkshire-size remotely," he says. ...

    Mr. Buffett deliberately keeps the outside world at bay, believing it is the best way for him to remain "rational" as an investor. If he is interested in investing in a company, he studies the financials himself. "I've created a good environment," he says. "All I have to do is think and not be influenced by others."
  2. Banjo


    "I've created a good environment," he says. "All I have to do is think and not be influenced by others."

    Doesn't get any better than that.
  3. rule #1: Never lose money;
    rule #2: Never forget rule #1.

    Warren Buffet
  4. even warren has violated these rules. he has lost money on investments in the past.
  5. he lost around 900 M betting against the dollar this year....

  6. yup... thats why he is nowhere near the "world's greatest investor" imo..

    the only person to ever come close to that title is none other than ..

  7. Everybody drops the ball once in a while.
    In attempting to stick to sound rules, sometimes humans do err.
    This may possibly have been Warren's predicament as well.
  8. mahras2


    He didn't mean that everyone of his investments would make money.

    He meant that before entering a position always being confident that you have done the due diligence regarding the investment and you are confident that it will be a money maker.
  9. the sage has something that we mere mortals lack, and its the most important thing in the markets:


    with information of the kind the sage and the dark lord can purchase, all the high tech platforms, quants, et al fade into obscurity.....

  10. Beautiful.
    #10     Jan 2, 2006