/biz/ - Business & Finance

[Anonymous No.10732848]

How does Buffet determines the real value of a company? He doesn't have any more info about it than what's publicly available.

[Anonymous No.10732933]

>>10732848
He watches earnings reports very carefully.

[Anonymous No.10733099]

>>10732848
That shack would be 50k where I live at most

[Anonymous No.10733121]

>>10732848
20-30 years of slavery to own this tiny wooden structure on some land

[Anonymous No.10733131]

>>10733121
There's just too many people man. And they all want a wodden structure and some land

[Anonymous No.10733133]

Yes, a world famous billionaire who had a life long career in finance and who personally knows every important banker, CEO and fund manager has access only to the information that you can find on the Internet.

[Anonymous No.10733143]

>>10733121
>own

[Anonymous No.10733169]

>>10732848
Common sense that comes so naturally to him, that I don't think he sees it for the supernatural gift that it is.

[Anonymous No.10733698]

>>10732848
>tfw 3d printed houses are only 5 years away from decimating housing market and wooden boomer boxes will be worth about as much as a used shitty toyota as demand plummets
>inb4 nuh uh because muh fee feez

https://www.youtube.com/watch?v=UkQSaM43nNw

[Anonymous No.10733742]

>>10732848
Its literally easier and cheapr to buy material and a construction book and hire afriend to build your own better house in the woods

[Anonymous No.10733768]

>>10732848
You don't see theback of the house. 922square feet is about 300m2. That's a fucking villa you dumb niggers.
399K is a fucking bargain. But it's probably all wood, but still

[Anonymous No.10733769]

>>10733742
if you want to live in the middle of nowhere yeah...

but a lot of wealthy people want to live near urban centers, not away.

[Anonymous No.10733812]

>>10732848
not bad, but i'd have to see what the zoning laws are like there and what kind of building i can put on it. 399k for almost 5000sqft of land isn't bad.

[Anonymous No.10734125]

>>10733099
Hrmm. I bought one like that rent to own 0% interest for 10k. It apraised at $5,500 but this was the second house from same lady. She cool as fuck and easy to work with.

Put 5k in it. New carpet, paint, fixtures and shit.

Rented for more than payments since day 1. Just got appraised at 19k.

Why people dont real estate i will never know.

95% of the time value goes up as you make inflation your bitch and you can actually fix it up and force appreciation. Rent it out for well over wtf the payment is.

I mean, FFS. Even if i make $0 profit and break dead even, when i get to 30 houses that is like buying a home and paying off a 30 year mortgage in a year.

Its a hell of a headache but its fun to dream about the future.

Laying under a rental in 10 degree weather in 6 inches of water sucks. But daydreaming about my property manager hiring some fagot to do it whioe i shitpost from the beach makes it worth it

[Anonymous No.10734142]

>>10733133
Well, theres also the MLS and the fact that he doesnt even know he has that house for sell.

He has minions for the small shit.

Hell hes got a bowling alley and 3 houses for sale here. The bro handling it all never even met buffet and has like 18 layers of bosses over him

[Anonymous No.10734167]

>>10733698
Jokes on you fagot. I got sweat equity and the land thats under them. I'll buldoze the mutherfuckers and build lego rentals.

>improvise
>adapt
>overcome.

Adapt or die bros

[Anonymous No.10734185]

>>10733768
Are you fucking stupid? 300m2 = 3000 sqft. This house is 90m2.

[Anonymous No.10734201]

>>10733812
It's Compton. Whatever you put down will belong to a gang and they'll do drive bys to bother whatever humans got here. You'll also be robbed of your copper wiring and have people piss on your steps to mark them.

[Anonymous No.10734310]

>>10733768
Fucking brainlet

[Anonymous No.10734452]

>>10734125
>>10734142
>>10734167
Are you high?

[Anonymous No.10734464]

>>10733131
no, a majority of homes in the us are unoccupied

[Anonymous No.10734548]

>>10734452
No faggot its common sense.

Look up just how much shit berkshire has...

[Anonymous No.10734574]

And people think we aren't in a housing bubble. Boomers need to die off so these prices can become more realistic. You could buy this same house for 10K less than 30 years ago. Now look.

[Anonymous No.10734642]

>>10734574
How old are they now?

[Anonymous No.10734770]

>>10733769
a lot of those wealthy people dont have much choice but to live in urban areas

[Anonymous No.10734788]

>>10733131
kek no

[Anonymous No.10734801]

>>10733131
That's funny: I just want to kill the weak & stupid ones, then confiscate all of their properties.

[Anonymous No.10734864]

>>10733768

it's actually 85.6566029 m2. Wow you Americans are so stupid. I can't even find a insult that's worthy for you.

[Anonymous No.10734961]

>>10734548
It’s the way you talk and how you’re arguing against people who replied to OP as if they replied to you

[Anonymous No.10734982]

Do burgers seriously live in all wood houses?

[Anonymous No.10734995]

>>10733099
you mean the land would be 50k where you live.

[Anonymous No.10735021]

>>10733121
> some land
> welfare neomarxist mutt hellhole

[Anonymous No.10735176]

>>10734864
Hurrr durrrrrr america!
Says thecocksucker shitposting from his 3rd world shithole.

3rd worlders are so jelly cannot even goes 3 seconds without thinking of america.


SEETHING!

O B S E S S E D

[Anonymous No.10735206]

>>10734982
Mostly yeah. Shit's fucking expensive. My house os wood and structurally sound at 120 years old with upkeep.

Did get a hot water leak while gone for 3 days.

Entire house broke in half and floors steam warped all over everywhere.

Insurance doesnt cover water damage.

>pay insurance for 20 years
>house breaks in half
>not covered.

Welp, fuck me i guess. Good thing the shithole was cheap. Storage shed it is...

[Anonymous No.10735248]

>>10735206
>Storage shed it is...
Fell for the boomer wooden box meme an is now literally living in a cuck shed. Take notes kiddos. Boomer advice is like taking advice from a nig.

[Anonymous No.10735413]

>>10735206
>Storage shed it is...
going from being a slumlord to living in a LITERAL cuckshed must be rough

this reddit nigger has to go back

[Anonymous No.10736297]

>>10732848
Read the essays on Warren Buffett, it is detailed there his approach and to watch out for certain accounting tricks in valuations, remember: a bird in the hand is worth two in the bush

[Anonymous No.10736323]

349K

[Anonymous No.10736371]

>mfw i punched a wall after losing a ton in january while renting an airbnb in califaggia and it fucking caved in a huge hole because it was ONLY FUCKING PLYWOOD despite this being a ""luxury villa""
Explain yourselves, Americans. I had to pay the full $1800 security deposit because of this stupid shit.

[Anonymous No.10736379]

>>10734464
Why? That was kind of a problem here in Australia for a while. Gook billionaires would build and buy as many houses as possible, leave them vacant to make it seem there was a housing shortage, driving the value if their property up so they could sell it to some dumb ass. Is this why?

[Anonymous No.10736395]

>>10735176
HAHAHA YOUR ASSHURT IS SHOWING

[Anonymous No.10736401]

>>10736371
you got ripped off, repairing drywall is cheap as fuck. hell you can do it yourself for less then 200bucks by just watching a youtube video.

[Anonymous No.10736406]

>>10736371
Try not to be such a disgusting foreign animal

[Anonymous No.10736411]

>>10736371
Cheap to build anon. Quantity over quality

[Anonymous No.10736461]

>>10735248
You dumb faggot i got a house and 4 acres i close on next week. That shitty wooden box was 20k and i lived there 7 years with no leaks or bugs or anything. Its just old and shitty.

>it was an old duplex.
>it has 4 entrances
>it has a big backyard

There is always profit from a negative if you arent a cuck.

>wall it off.
>4 large storage units for friends and family.
>give family discount.
>trench to the back yard
>run all connections to back yard
>Make a driveway and litteral cuckshed / hunting cabin / airbnb.
>crackhouse turned storage shed pays for all or most of the cuckshed payments.
>rent out cuckshed whenever possible.
>120 year old shitbox and some ingenuity i now make anywhere from 300-800 a month depending on the season and amenities we descide to provide.

Theres even room for a 4 unit actual storage building without it looking fucked up and cramped. Own the house next door. Just cut that back yard in half.

>fell for the wood box meme.

Anon the median income here is 35k. I make 40k. I'm not about to go buy or buyld a fucking $350,000 house amd be cucked into 30 years of bad debt whem i can continue working overtime and doing little shit like this until i can make real investments.

We dont build out of wood because its fucking fun faggot its all the working class can afford

[Anonymous No.10736468]

>>10735413
Kys.

Slumlord how?

[Anonymous No.10736484]

>>10736371
Maybe you shouldnt be an autist and punch fucking walls dipshit.

Whats to explain. The working class can afford 10 times their annual salary for a rock house and some of us are smart enough to not purchase a crippling liability

[Anonymous No.10736493]

>>10736395
Riiiiiight

[Anonymous No.10736519]

>>10736484
> rock house
bricks, aerated concrete ...plenty of options

[Anonymous No.10736543]

>>10736406
>>10736484
i hadn't punched a wall since i was 15, but you try watching your net worth go down 33% because you fomo'd and tried to hold and got IMMEDIATELY zucced without raging

[reluctant kneepad girl No.10736557]

> He doesn't have any more info about it than what's publicly available.
kek
rofl
LOLLLLLLLL
hjahahahahahahahahahahahahaha

[Anonymous No.10736896]

>>10736557
tfw agreeing with vapid kneepad cunt. He employs people to collect knowlege power.

[Anonymous No.10737163]

>>10733698
>Chinese firm
Stopped reading there

[Anonymous No.10737226]

>>10732848

Of course he does. Rich people hang out together in clubs, golf courses, all kinds of (((connections))) exist. Thinking that they play fair and make sure plebs have access to all the same information needed to make good decisions is just incredibly naive.