/biz/ - Business & Finance

Bartenders in this thread: Did you have to get fingerprinted for your bartender's license?

>>209351
>he also doesn't follow his own advice and made most of his initial fortune on leveraged PE deals.
No, he made most of his money in the Buffett Partnership days by investing in low P/E and P/B companies with high ROE and big profit margins trading at net-net value.

>he makes his new fortune on deals that are not offered to retail investors (or frankly anybody)
Not true.

>and by buying entire companies, not just random stocks.
He has to. He has too much money to invest, he can't buy small or medium cap stocks.

>>209376
>eh. you can also argue that he's generous because of tax law.
Not really. His charitable contributions and philanthropy are excellent. Saying he should give most of his money to the government so they can spend it on Shaniquas and $500 toilet seats implies that the government can spend the rich's money better than they can.

>>209378
you'll never become a billionaire by following his stock market advice,
Why not?

>but as you pointed out, Buffet didn't become a billionaire by playing the market,
Yes he did. What do you mean?

>>113047
woah how did JC Pennies get to 5.64 per share??

that seems cheap, even for a "in decline" company

Guys have you ever been thinking why mtGox is fixing "bug" they have "found" but btc-e is fine with that? Don't you find something weird in this situation?