Imitating the 77-year-old Buffett, who built Omaha, Nebraska-based Berkshire over four decades into a $210 billion company, has been a profitable strategy in the past. Buying what he bought, even months after his purchases, delivered twice the return of the Standard & Poor's 500 Index during the last three decades, according to a study last year by the American University, Washington and University of Nevada, Las Vegas.Twice the S&P for three decades - I cannot even think of a comparable sports record. That is really an astonishing record.
Friday, January 25, 2008
Buffett Buying Again
Warren Buffett is buying again, just when others are selling. Bloomberg has this article. My favorite bit of the article:
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2 comments:
How about single-handedly losing 5 Billion EURO! Hat's off to mon ami Jerome Kerviel of Societe Generale. Make's all you traders that have blown out feel a lot better doesn't it? C'est la vie!
Gives us all somthing to aspire to. everyone needs goals and benchmarks.
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