Warren Buffett MBA Talk – Part 7 Tuesday, October 16, 2007
Posted by ei-forum in Buffett MBA Talk.trackback
Buffett continues to focus on the fundamentals and discussed his decision to move away from New York:
- you need to think for yourself
- avoid being overstimulated
- concentrate on trying to find good ideas
You only really need to have one good idea per year with the conviction and strength to ride it all the way! Readers have to understand that investors make their money through inactivity, whilst Wall Street makes money through activity.
He then goes on to discuss why Berkshire has never and will continue not to pay a divided, the case for not splitting stock and various other issues like his track record in arbitrage deals.
Continue to enjoy the talk:
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