Any of you Big Dicks seeing the Bumble of Omaha this weekend?

WolfofWSO's picture
Rank: Neanderthal | 2,850

I met that fat old senile geezer a decade ago. He has this art of sounding smart while saying nothing. He also likes to sht on MBAs, IBers, quants, and essentially anyone who is not pushing a broom for his empire.

Does anyone have the chore of attending this year?

Comments (10)

May 3, 2018

Anyone?

    • 1
May 3, 2018

Da hayll u tawmbou bruh

    • 1
May 3, 2018

^ This sounds bout right. There are a bunch of toothless hillbillyesque geezers wearing end of day farm attire at the meeting.

    • 1
Mar 4, 2019

Agree with you mate, I prefer Soros anyday.

Ty

    • 1
Mar 4, 2019

I always want to go but forget about it until last minute and then realize there's nothing to do in Omaha concurrently.

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Mar 4, 2019

That is just nasty. The guy has a net worth of 85 billion and has pledged to give away about 36 billion to charity

May 3, 2018
Series7examtutor:

That is just nasty. The guy has a net worth of 85 billion and has pledged to give away about 36 billion to charity

Have you ever heard him speak personally? He dodges a lot of questions or openly says, "I don't know" after talking in circles. He's a lucky one who disguised it all as skill.

    • 1
Mar 4, 2019

Yes, I've heard him talk multiple times, and he's easily one of the most intelligent people you will ever hear speak. I used to think like you when I was first introduced to him, that he never specifies on anything.

However, having worked in the industry at a long-only AM that invests ~90% like Buffet does, I now know you have to know what to look for when he talks. He does reveal quite a bit of info, that every investment case I am exposed to, I am awed & humbled by how his wisdom translates into achieving low-risk, high returns. Everything he espouses protects his downside and offers solid upside, leaving considerable room for margin of error. I've read an absurd amount of material on things he's said as well.

The most incredible thing is that many of the things he talks about, some of which is more common wisdom now, he pioneered. It's one thing to reproduce an art; it's quite another to create it. One more thing you need to understand about why he doesn't provide detailed case studies or specifics that allow people to break down his strategy, is that he is NOT in the business of making his own competition. There is enough competition out there that he doesn't need to make it harder for himself. Anything he says is reproduced in a thousand newspapers and a hundred books. Can you imagine how if he broke down with greater specificity his approach, what that would result in?

And yet, if you know what to look for, you can understand his strategy, and the thoughtfulness that goes into each and every thing he says. I can sympathize with you as to why you believe it's luck, because I myself thought that at one point when I felt frustrated that I couldn't break down his process. Today, I am sure there is much I don't know about how he thinks, but I feel I'm well on my way there, and over the ensuing 1-2 decades, I can get there, maybe not quite as good as Buffet, but pretty darn good. I and quite a few firms that modeled a large part of their thought process after Buffet can attest that he does have a highly effective strategy to investing, one that for many reasons is perhaps the highest conviction investing there is within the equity space.

    • 2
Mar 4, 2019
Series7examtutor:

That is just nasty. The guy has a net worth of 85 billion and has pledged to give away about 36 billion to charity

Always interesting to me how people think this is a big deal. Like the guy isn't keeping $50 billion. Show me a guy that gives everything but $50 million away in a genuine effort to help others. That's life changing charity. Not the PR stunts of Bill Gates and Warren Buffett. Don't be fooled.

    • 2
Mar 4, 2019
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