<<Believe me, I have read Warren quite a bit, and the man is unquestionably the
master investor of this century.>>
Grant, how weird. I was checking out the new format of SI and the first thread I pick on was started by you.
Anyways, I agree that Buffet is a master investor, and before I make my comments, could you please list some of the stocks he has invested in to get him into this position.
I mean are Coke and Gillete really that hard to find out?
I bought Dell along time ago because I like the computers...hey ho!
Or is that Peter Lynch style of investing?
In my mind, he comes from a time when many of the household names we know of today were not exactly household.
I would have bought Nike stock in 1987 had I been a little bit older and had some money. Instead, my mother was buying me $100 Air Jordan's as I refused to by Reebok's (Reebok's were cool from 1982-1987).
I would have bought Coke, and hell, I still will, I'm a young guy.
I would have bought Nintendo stock in 1987 when I got my first one, once again, I was too busy studying for Algebra and playing Super Mario Brothers.
My point is that I believe Buffet comes from a time when anybody with half a brain could figure out how to invest. We, the new generation, are just a little young.
The future is technology and he admits he know's Jack. Here again...I would have bought INTC in 1990 when I got my first computer with a 386 chip. I would have bought MSFT in 1990 when I got my first word processing program, but alas...I was writing my high school English papers.
I'm sure I'm putting my foot into this, and remember, I did agree that he is a master investor simply because he's got billion's and I have hundreds. But please tell me, why is he so big?
In conclusion, if he were mid 20's, right now in this market, is he anymore savier than us?
Hell, I have a few stocks for you that follow this "type" of investing style.
The North Face -- trendy ski apparel (TNFI)
The makers of Marlboro's -- because smoking is "in" again amongst younger people.
Nordstrom's -- because they have great prices during sales, great services, economy is good, and their styles kick butt; there is no point at shopping at the Gap anymore.
Office Depot, Home Depot, Target (Dayton Hudson, I believe): Can't beat them.
Walgreens -- hell, I buy everything from there.
Subway Sandwich -- are they public?
24 hour Nautilus Fitness Centers -- I just got a membership there. $750 upfront with 18 months membership and $21 month for life, thereafter. I can use any Nautilus center in the world. How can you beat that? They are going public one day (manager told me).
Polo, Ralph Lauren -- Minorities and white people alike, Polo is just cool. Move over Tommy Hillfigger.
Please comment...
P.S. in writing this article, I just decided I am going to check out the RL (Ralph Lauren) chart. I am going to go ahead and put a limit order in.
Thanks! I recommend everybody to do this exercise.
-PB |
