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warren buffet

 
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Natman
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PostPosted: Jun 28, 2006 8:58 pm    Post subject: warren buffet Reply with quote

i was truely suprised when i heard he gave away close to 40 billion to bill gates charity. berkshire hathaway was one of the most successful public companies ever. I think stock cost was close to &90,000.00 per share. I say "was" because first of all, buffet wont be around much longer and when he dies. Boom the stocks drop indefinately. I think its great that 40 billion will be going to help kids in africa and other poor aids ridden countries lacking sufficient living standards of food, water, clothing, shelter ect ect. It was always his goal to give all of his money away for a good cause before he dies. It really shows who he is. Hes not one of these billionaires who has a gold rolex for every day of the year and a gets a new Mercedes every 100 miles. Long Live Buffet.
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chavez
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PostPosted: Jun 28, 2006 9:13 pm    Post subject: Reply with quote

Natman, this donation was "on paper". In other words, he gifted quite a bit of his BRK(.a.b.etc) stock over.

You must keep in mind that that stock price is largely a factor of shares outstanding versus earnings, book value etc etc - not just company performance.

They are very successful. The list of companies held by BRK is very impressive.

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5280HighButter
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PostPosted: Jun 29, 2006 1:08 pm    Post subject: Reply with quote

Short it Laughing
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PostPosted: Jun 29, 2006 1:32 pm    Post subject: Reply with quote

5280HighButter, you would be in the red by a bunch if you had reacted that way to this news.
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5280HighButter
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PostPosted: Jun 29, 2006 1:37 pm    Post subject: Reply with quote

Not on this news, but I think things will change for the worse when buffet passes.
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PostPosted: Jun 29, 2006 2:11 pm    Post subject: Reply with quote

5280HighButter, I doubt it. BRK has a succession plan in place for Buffett's eventual demise. This philanthropic event does eliminate one important question mark though - what will happen to all those shares or BRK. Now we know.
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Natman
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PostPosted: Jun 29, 2006 4:14 pm    Post subject: Reply with quote

even with a succession plan. berkshire hathaway will still drop significantly. Part of the reaosn people by his stock is because of HIS success, they put alot of money on him and his company due to his success in the past. With him gone, it wont be the same.
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chavez
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PostPosted: Jun 30, 2006 7:36 am    Post subject: Reply with quote

Natman, you really hold on to the idea that he is making all the calls there eh?
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Natman
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PostPosted: Jul 05, 2006 7:54 pm    Post subject: Reply with quote

i know, its a public company.. still though without its founder it wont be that same. he made it what it is
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brew
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PostPosted: Jul 10, 2006 5:21 am    Post subject: Reply with quote

You really should go research the list of holdings that BRK has. The company isn't going anywhere and the stock isn't going to go down the drain when he dies.
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Natman
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PostPosted: Jul 10, 2006 3:02 pm    Post subject: Reply with quote

yo, my dads friend 4 doors down has a share in brk, he paid like 100k canadian. i overheard them in a conversation, hes selling soon, because he doesnt want to lose money it will have an affect. im pretty sure a actual stockholder knows more than the general day dreaming public
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chavez
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PostPosted: Jul 10, 2006 5:50 pm    Post subject: Reply with quote

Natman, yeah, umm.... I have been accused of being a professional in this field, or so the plaques on the wall seem to indicate anyhow.

ANYHOO...

I don't know about the guy who has 100k tied up in one stock, even one as diverse as BRK.A, unless they have significant additional assets. Either he is pretty well-to-do, or he is in need of better advice. Neutral

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brew
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PostPosted: Jul 11, 2006 4:49 am    Post subject: Reply with quote

Yeah, I would definitely take the advice of my dad's friend 4 doors down over those of informed people.

I'm assuming you are under or near 18 based on some of your responses I've seen in the past, so go to undergrad for 4 years, then get a graduate degree, and then get some professional certifications and give me a call. Until then, I think I'll stick with the people in the know, rather than your dad's friend 4 doors down.

This isn't to say the stock will not fall on the news of his death whenever that may be. That in itself depends entirely on how much control he still exercises on the company at that time. Even if it drops, it will only take a matter of time for it to come back up.
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Natman
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PostPosted: Jul 17, 2006 3:36 pm    Post subject: Reply with quote

but you do understand theres more to bankrupcy than him dying? example terrorism, yet it could potentially banrupcy alot of companies. and look here buffet tends to buy out dying companies and bring them back, its not just the shareholders who determine the sucess yet its him. Its his bold moves to purchase out these companies and risk alot of money, and it pays off. Need i say that noone is the same, dont you agree that alot of peoples interest in berkshire hathaway is because they have interest and alot of trust in buffet running the company?
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PostPosted: Jul 24, 2006 5:04 pm    Post subject: Reply with quote

Buffet is surrounded by some of the best people in the biz. When he dies, the stock might take a short-term hit as investors will push the panic button, but over the long term, the company, and the stock are going nowhere but up.
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Natman
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PostPosted: Jul 25, 2006 8:11 pm    Post subject: Reply with quote

we'll have to wait and see Very Happy
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PostPosted: Aug 07, 2006 12:22 pm    Post subject: Reply with quote

Natman, you're an idiot Rolling Eyes

but did you hear that mastercraft is going out of business which means that even tho they've made thousands of boats, each one is now considered a collector's item Rolling Eyes Rolling Eyes Rolling Eyes

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PostPosted: Aug 23, 2006 8:10 pm    Post subject: Reply with quote

Warren Buffet is my hero. Very Happy
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PostPosted: Oct 13, 2006 5:32 pm    Post subject: Reply with quote

Natman, Met him once and it was fun chatting him up about fishing in outdoors stuff that I thought he would not be familiar with.
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Waking up the World
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PostPosted: Feb 01, 2007 7:27 pm    Post subject: Reply with quote

wow...he wont even give his own grandkids a few bucks to buy a coke and a snickers bar
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PostPosted: Feb 01, 2007 7:27 pm    Post subject: Reply with quote

woo im an outlaw now boys look out!
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PostPosted: Feb 02, 2007 8:15 am    Post subject: Reply with quote

Waking up the World, Congrats on replying 100 times to old a$$ topics that no one cares about anymore. Hooray for you.
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PostPosted: Mar 13, 2007 5:44 pm    Post subject: Reply with quote

saying that berkshire will plummet when he dies is as arbitrary as saying microsoft will go bankrupt when gates dies.

And lets take a look at the past, Standard Oil didn't go belly up when Rockefellar died nor did DuPont stop making gunpowder when E.L DuPont died.
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