Warren Buffet – The World’s Best Product

For the latest Warren Buffett, go to WarrenBuffettNews.com – The Warren Buffett Coke experience goes back 71 years. He would buy cokes and then sell them to his neighbors. In 1988, he started buying stock for Berkshire Hathaway. He bought about 4 or 5% at the time. The CEO of Coke figured out that Buffett was buying shares of KO and he subsequently became a member of the board. Coke has the world’s best product, and that has carried them through some tough times. If you buy Coca-cola stock, you shouldn’t ever sell it.

America’s most beloved investor is now the world’s richest man. Soared past friend and bridge partner Bill Gates as shares of Berkshire Hathaway climbed 25% since the middle of last July. Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim’s), utilities (MidAmerican Energy), food (Dairy Queen, See’s Candies). Also has noncontrolling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo. Insurance operations flourished in 2007. “That party is over. It’s a certainty that insurance-industry profit margins, including ours, will fall significantly in 2008.” The Oracle of Omaha issued a challenge to members of The Forbes 400 in October; said he would donate million to charity if the collective group of richest Americans would admit they pay less taxes, as a percentage of income, than their secretaries. Had long promised to give away his fortune posthumously. Irrevocably earmarked the majority of his Berkshire shares to charity in 2006, mostly to the Bill & Melinda Gates Foundation. Gift was valued at billion on day of announcement; donation will far exceed that sum so long as Berkshire shares continue to rise.

20 Responses to “Warren Buffet – The World’s Best Product”

  1. JetfireK says:

    I tried to listen but the host did all of the talking….not good

  2. BigBagsForRent says:

    Jesus Christ, 13 minutes of mutual ass kissing.

  3. BiggerThinking1 says:

    what a load of shit – its just a carbonated drink – simple as that!

  4. rberding says:

    You don’t have to sell it. Just bring it to the people. The same strategy of Heineken.

  5. Aurigalive says:

    Berkshire shares lost 50 pc of the value from the peak time at one stage, it is hard for lots of share holders to accept !

  6. ProLifeHelp says:

    @nikanj If you’re want to read how misguided billionaire Buffet is extremely enthusiastic about the bloody slaughter of unborn babies in abortion clinics, search for these news article titles in your search engine:

    Buffett Secretly Spending Millions on Abortion Med-School Scheme: NY Times

    Warren Buffett : An Unbounded Enthusiasm for Abortion

    Planned Parenthood Pushes Abortion for Profit: Ex-Abortion Facility Director

    Massive Buffett Donations Will Fund Pro-Abortion Agenda around the World

  7. nikanj says:

    “I do buy nice suits, they just look cheap on me.”

  8. u2berz says:

    2:47 LOL!

  9. theporksicle says:

    Its your money you can do what you like with it, but I think its better to leave your kids secure with a trust fund or whatever to make sure they don’t end up dirt poor.
    Where would the money go you didn’t give to them?

  10. Kin94285 says:

    How about leave them nothing and teach them how to make money?

  11. theporksicle says:

    Something like what Buffett has in the form of Berkshire Hathaway could easily be left to one of his kids, or ideally passed on as a gift during his lifetime, or sold for $0.01 a share to avoid taxes.
    His gift for analysing shares to get an estimate of their intrinsic value could probably be passed on to one of his kids, I’d certainly fancy my chances as an investor if I had studied under him, so therefore by giving his business to an informed heir he could be sure it would last.

  12. theporksicle says:

    Prima genitor is the best system, your eldest son inherits. It need not be your eldest son though, the most responsible of your offspring, just so long as it is ONE person who inherits what you have, not five or six people. Its just that the eldest son makes it easier, everyone knows who it goes to.

  13. theporksicle says:

    Look at the Murdoch family’s problems, Murdoch is a shrewd businessman, none of his critics can rob him of that, but by trying to treat his 6 kids ‘equally’ financially he’ll end up with a situation where the family’s 29% stake in NWSA is spread out over 100s of his descendants, most of them will probably just sell up anyway, they didn’t build the company from nothing, all a share in it represents is cash.

  14. theporksicle says:

    Four years? When did I mention that time scale?
    I’m stupid? Well…each to their own I guess.
    Coca cola aren’t no but they’re hardly going to grow a great deal any time soon, its tantamount to sticking it into the bank, you’re basically living off the dividend, that becomes harder as your brood grows.
    Look at the Bancroft family, by the time the WSJ was bought they consisted of 30 distant relatives squabbling over their $80 million dividend.

  15. PecknarmLondonEnland says:

    SO! Do you honestly think they’ll loose 40 billion in fours years to taxes and depreciation? You are seriously stupid mate. I would be harder for them to spend that money than to make it grow. Cooa cola aren’t going out of business anytime soon mate.

  16. theporksicle says:

    I think not…derr. Its not that simple, besides most of them are just maintained by a trust fund, they are paid at certain intervals but cannot access the principal so their investing power is seriously depleted.

  17. PecknarmLondonEnland says:

    Or maybe each child increases that wealth…. derrr.

  18. theporksicle says:

    I just wonder how long great wealth would last? Say you have $40 billion, and four kids, that’s $10 billion to each of them (and they get taxed on that), then they have four kids and that’s $2.5 billion.
    Between depreciation and tax within 200 years there would be nothing, or very little, left.
    I guess the best policy is to leave it to your eldest son, who leaves it to his eldest son etc.

  19. WWExDOM says:

    thanks man
    just help me finish my homework

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