Comments on: Picking Warren Buffett’s Brain: Notes from a Novice http://www.fourhourworkweek.com/blog/2008/06/11/061108-picking-warren-buffetts-brain-notes-from-a-novice/ Tim Ferriss's 4-Hour Workweek and Lifestyle Design Blog Thu, 19 Nov 2009 19:05:13 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Rob Rawson http://www.fourhourworkweek.com/blog/2008/06/11/061108-picking-warren-buffetts-brain-notes-from-a-novice/comment-page-1/#comment-50484 Rob Rawson Sun, 13 Sep 2009 10:53:57 +0000 http://www.fourhourworkweek.com/blog/?p=370#comment-50484 I think Warren's advice is great but has one flaw: It's totally US centric. The growth rate of India and China is likely to massively exceed the grows of the US over the next 20 years. Also Warren hardly ever recommends his own stock even though it's likely to do better than the index. Personally I'm putting 25% of my cash into Berkshire shares, around 50% into an Indian value investing hedge fund that has no fees for the first 6% of return per year (this is safer from a fee perspective than an index fund, but has the advantage of picking value stocks in a massively growing economy rather than just going with the US which is not as likely to grow so fast) and the other 25% in Internet business that I know something about. I think Warren’s advice is great but has one flaw: It’s totally US centric. The growth rate of India and China is likely to massively exceed the grows of the US over the next 20 years. Also Warren hardly ever recommends his own stock even though it’s likely to do better than the index. Personally I’m putting 25% of my cash into Berkshire shares, around 50% into an Indian value investing hedge fund that has no fees for the first 6% of return per year (this is safer from a fee perspective than an index fund, but has the advantage of picking value stocks in a massively growing economy rather than just going with the US which is not as likely to grow so fast) and the other 25% in Internet business that I know something about.

]]> By: Dan http://www.fourhourworkweek.com/blog/2008/06/11/061108-picking-warren-buffetts-brain-notes-from-a-novice/comment-page-1/#comment-47515 Dan Mon, 31 Aug 2009 20:05:45 +0000 http://www.fourhourworkweek.com/blog/?p=370#comment-47515 Yes - follow the S&P 500. Probably the best advice Warren gives for free. But, look at the statistics - the 500 beats something like 85% - 90% of all managed funds - and does it cheaper than them as well! Glad you got to ask him a question. Dan Yes – follow the S&P 500. Probably the best advice Warren gives for free. But, look at the statistics – the 500 beats something like 85% – 90% of all managed funds – and does it cheaper than them as well!

Glad you got to ask him a question.

Dan

]]> By: Chad Covey http://www.fourhourworkweek.com/blog/2008/06/11/061108-picking-warren-buffetts-brain-notes-from-a-novice/comment-page-1/#comment-47425 Chad Covey Sun, 30 Aug 2009 16:19:21 +0000 http://www.fourhourworkweek.com/blog/?p=370#comment-47425 Tim, Thanks. I can recommend The Snowball: Warren Buffet and the Business of Life. The book is a great glimpse into Buffet's life, for all its success and oddity. It is written very well, by an astute financial mind in Alice Schroeder, who had previously spent many years covering BRK. If you haven't read it and want a summary of the book, click the website provided in my comment entry - there's one there. All the best, and keep up the positive posting! Chad Tim,
Thanks. I can recommend The Snowball: Warren Buffet and the Business of Life. The book is a great glimpse into Buffet’s life, for all its success and oddity. It is written very well, by an astute financial mind in Alice Schroeder, who had previously spent many years covering BRK. If you haven’t read it and want a summary of the book, click the website provided in my comment entry – there’s one there. All the best, and keep up the positive posting!
Chad

]]> By: Fabrizio Farnedi http://www.fourhourworkweek.com/blog/2008/06/11/061108-picking-warren-buffetts-brain-notes-from-a-novice/comment-page-1/#comment-45312 Fabrizio Farnedi Thu, 06 Aug 2009 08:15:03 +0000 http://www.fourhourworkweek.com/blog/?p=370#comment-45312 Hi Tim, Again:let’s start from this assumption: “Simplicity is the greatest sophistication” by Leonardo Da Vinci!! Therefore, have a look at this other simple but effective investment strategy on this website: www.magicformulainvesting.com The book that explains this simple but effective investment strategy is: "The Little Book that Beats The Market" by Joel Greenblatt, mutual fund manager and university professor. All the very best with your new book and your life!! Hi Tim,

Again:let’s start from this assumption: “Simplicity is the greatest sophistication” by Leonardo Da Vinci!!

Therefore, have a look at this other simple but effective investment strategy on this website: http://www.magicformulainvesting.com

The book that explains this simple but effective investment strategy is:

“The Little Book that Beats The Market”

by Joel Greenblatt, mutual fund manager and university professor.

All the very best with your new book and your life!!

]]> By: Rob W. http://www.fourhourworkweek.com/blog/2008/06/11/061108-picking-warren-buffetts-brain-notes-from-a-novice/comment-page-1/#comment-44509 Rob W. Fri, 24 Jul 2009 18:51:03 +0000 http://www.fourhourworkweek.com/blog/?p=370#comment-44509 There is a wealth of information in these notes. Thanks for sharing. There is a wealth of information in these notes. Thanks for sharing.

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