I still don’t like the old man, but he is the one guy that can fight the tape.
You can only fight the tape if you are lucky, stupid filthy rich (helps to be old as the bad outcome you may be dead for) and have a seat at the government table.
In hindsight, Warren Buffett had all three (maybe 4), going for him when he took out an ad in the New York Times in October 2008 saying ‘Buy America’.
Damn good call you old fart. I would pay good money to have a falafel with you.
He was right, but was 4 months and 20% early. I guess, he has to be early because of his size. You didn’t have to be Warren Buffett or have connections with the government to own $GMCR, $NFLX, $AZO which made new all-time highs in March 2009 as the market was bottoming.
back to work dude :)
Ivan, if you want to escape the wrath of Howard and his slave driving ways give me a ring. We need a few good people to man the Yahoo Boards.
Dans Loeb
so funny.
Buffet crushed your returns Ivan, please don’t be SO jealous of his success
Buffett is in another category. I wouldn’t even dare to compare with him.
For the record, BRK performance for the past 10 years is 68%, which is about 5.3% annualized. Not impressive at all, even for his size.