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Natman Addict
Joined: 13 Jan 2006 Posts: 873 City: Eddy TOWN
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Posted: Jun 28, 2006 8:58 pm Post subject: warren buffet |
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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 Ladies Man
Joined: 22 Sep 2003 Posts: 27375 City: Roseville
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Posted: Jun 28, 2006 9:13 pm Post subject: |
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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. _________________
Quote: | That's Mr. Gingermex to you a$$hole. |
RIP MHL 04/25/1958 - 01/11/2006 |
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5280HighButter Soul Rider
Joined: 16 Mar 2005 Posts: 258 City: Littleton
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Posted: Jun 29, 2006 1:08 pm Post subject: |
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Short it _________________ "I know violence isn't the answer, I got it wrong on purpose." |
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chavez Ladies Man
Joined: 22 Sep 2003 Posts: 27375 City: Roseville
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Posted: Jun 29, 2006 1:32 pm Post subject: |
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5280HighButter, you would be in the red by a bunch if you had reacted that way to this news. _________________
Quote: | That's Mr. Gingermex to you a$$hole. |
RIP MHL 04/25/1958 - 01/11/2006 |
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5280HighButter Soul Rider
Joined: 16 Mar 2005 Posts: 258 City: Littleton
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Posted: Jun 29, 2006 1:37 pm Post subject: |
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Not on this news, but I think things will change for the worse when buffet passes. _________________ "I know violence isn't the answer, I got it wrong on purpose." |
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chavez Ladies Man
Joined: 22 Sep 2003 Posts: 27375 City: Roseville
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Posted: Jun 29, 2006 2:11 pm Post subject: |
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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. _________________
Quote: | That's Mr. Gingermex to you a$$hole. |
RIP MHL 04/25/1958 - 01/11/2006 |
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Natman Addict
Joined: 13 Jan 2006 Posts: 873 City: Eddy TOWN
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Posted: Jun 29, 2006 4:14 pm Post subject: |
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even with a succession plan. berkshire hathaway will still drop significantly. Part of the reaosn people by his stock is because of HIS success, they put alot of money on him and his company due to his success in the past. With him gone, it wont be the same. |
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chavez Ladies Man
Joined: 22 Sep 2003 Posts: 27375 City: Roseville
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Posted: Jun 30, 2006 7:36 am Post subject: |
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Natman, you really hold on to the idea that he is making all the calls there eh? _________________
Quote: | That's Mr. Gingermex to you a$$hole. |
RIP MHL 04/25/1958 - 01/11/2006 |
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Natman Addict
Joined: 13 Jan 2006 Posts: 873 City: Eddy TOWN
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Posted: Jul 05, 2006 7:54 pm Post subject: |
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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 Wakeboarder.com Freak
Joined: 09 Aug 2005 Posts: 2778 City: Jackson
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Posted: Jul 10, 2006 5:21 am Post subject: |
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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 Addict
Joined: 13 Jan 2006 Posts: 873 City: Eddy TOWN
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Posted: Jul 10, 2006 3:02 pm Post subject: |
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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 Ladies Man
Joined: 22 Sep 2003 Posts: 27375 City: Roseville
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Posted: Jul 10, 2006 5:50 pm Post subject: |
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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. _________________
Quote: | That's Mr. Gingermex to you a$$hole. |
RIP MHL 04/25/1958 - 01/11/2006 |
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brew Wakeboarder.com Freak
Joined: 09 Aug 2005 Posts: 2778 City: Jackson
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Posted: Jul 11, 2006 4:49 am Post subject: |
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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 Addict
Joined: 13 Jan 2006 Posts: 873 City: Eddy TOWN
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Posted: Jul 17, 2006 3:36 pm Post subject: |
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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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89comp Wakeboarder.Commie
Joined: 09 Jun 2003 Posts: 1240 City: Austin, TX! thank GOD!
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Posted: Jul 24, 2006 5:04 pm Post subject: |
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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. _________________ 1989 Supra Comp TS6M, 06 GLI for haulin'.
Winter is quite possibly the worst invention ever.
Bro Boat = Sausage Fest on water. |
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Natman Addict
Joined: 13 Jan 2006 Posts: 873 City: Eddy TOWN
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Posted: Jul 25, 2006 8:11 pm Post subject: |
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we'll have to wait and see |
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finkle Wakeboarder.com Freak
Joined: 22 Sep 2003 Posts: 4067
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Posted: Aug 07, 2006 12:22 pm Post subject: |
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Natman, you're an idiot
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 _________________
Best Quote Ever wrote: | 'No regrets', that's my motto.....well, that and 'everybody wang chung tonight' |
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uncleboo Newbie
Joined: 23 Aug 2006 Posts: 6 City: Murfreesboro
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Posted: Aug 23, 2006 8:10 pm Post subject: |
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Warren Buffet is my hero. |
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Shawn Madison Old School Freak
Joined: 12 Jan 2003 Posts: 2853 City: Norris, TN
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Posted: Oct 13, 2006 5:32 pm Post subject: |
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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. _________________ My opinion is my opinion!
-> Glyde Clothing <- |
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Waking up the World Outlaw
Joined: 16 Jan 2007 Posts: 164 City: Olathe
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Posted: Feb 01, 2007 7:27 pm Post subject: |
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wow...he wont even give his own grandkids a few bucks to buy a coke and a snickers bar _________________ “Peace cannot be kept by force; it can only be achieved by understanding.”
-Albert Einstein |
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Waking up the World Outlaw
Joined: 16 Jan 2007 Posts: 164 City: Olathe
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Posted: Feb 01, 2007 7:27 pm Post subject: |
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woo im an outlaw now boys look out! _________________ “Peace cannot be kept by force; it can only be achieved by understanding.”
-Albert Einstein |
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J-Ro PityDaFool Who Posts This Much
Joined: 13 Jan 2003 Posts: 5662 City: Rocklin
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Posted: Feb 02, 2007 8:15 am Post subject: |
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Waking up the World, Congrats on replying 100 times to old a$$ topics that no one cares about anymore. Hooray for you. _________________ Steal My Book
Read My Blog
RIP Leggester |
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jhilly8982 Addict
Joined: 04 Oct 2006 Posts: 782 City: Northville
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Posted: Mar 13, 2007 5:44 pm Post subject: |
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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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