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Author Topic: Why everyone learn from Warren Buffett?  (Read 766 times)
Broly46
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May 11, 2019, 09:24:10 PM
 #1

I wonder why a lot of people like to quote the article wrote by/ speech by Warren Buffett. And most of them regard him the king of value investor. Also all the school praise how good he is, and all of us should follow his philosophy. I didn't make a lot of money following his books, and most of the time I found his books contradicting with each other, to be honest I loss a lot of money following his value investing, but once I get into bitcoin, I'm quickly to make a lot of money, and knowing that Warren Buffett do not like bitcoin from bottom of his heart, I don't know why, I think learning from Warren Buffett is a big mistake, and I regret reading his books altogether. And in contrast, I know none of the quote made by Satoshi, because I don't even know what it is behind the white paper, I can barely read them.

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May 11, 2019, 09:39:09 PM
 #2

Probably most of them didn't really follow Warren Buffett. They just like his idea, his life story, his motivational word or way become successful person without trying to do what he has done. And you are here with full of scars as a result for applying his idea on your real life. Of course, he hates Bitcoin, because this decentralize world could change everyone's philosophy and start to leave him.

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May 11, 2019, 10:02:45 PM
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 #3

I loss a lot of money following his value investing, but once I get into bitcoin, I'm quickly to make a lot of money
Um yeah...I don't know when you made that money in bitcoin, but my guess is that you were momentum trading, which is something Warren Buffett is not into.  What he does takes a lot of research and a lot of patience, which is more than most people in the stock market can manage.  Plus if you've ever read his biography, you'll know that he's absolutely obsessed with finding undervalued companies, to the point that he doesn't have many other interests in life.  He reads annual reports for fun--and he is intelligent and educated enough to grasp everything that he reads about the financials of companies he has on his radar.  In short, he's a statistical outlier.  A stock market prodigy.

One of the reasons why he's so popular with people is that he's not a typical Wall Street guy.  He has a reputation for having a simple life, doesn't enjoy ostentatious displays of wealth, and is generally known as a nice guy.  And he's brilliant, too.

Don't worry about what WB thinks about bitcoin.  I can understand his point of view, but I'm not him.  I don't own a multi-billion dollar investment company with shareholders to be accountable to (Berkshire Hathaway), and I'm comfortable with viewing investment in crypto as a gamble.  WB isn't comfortable with taking risks like that, and that's totally fine.  So while I have great respect for the man, I realize we're on opposite ends of the investment spectrum.  That probably holds true for a lot of us on this forum.

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May 12, 2019, 03:42:13 AM
 #4

I think people like stories, in Buffett's case, he was able to find undervalued stocks and turn it into diamonds. His method requires much analysis, including financial statements, which is not applicable for analyzing cryptocurrency projects.

It's understandable that he hates BTC since it is not a business.

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May 12, 2019, 04:08:47 AM
 #5

I don't think following his philosophies would be effective.
We could have them as our inspiration in a successful investment but we can't rely all our decisions on what we read.
They have their own strategies but we couldn't follow all of it but rather take some tips from it. Warren Buffet has his own belief and strategy which contradicts with cryptocurrency at some point.

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May 12, 2019, 04:44:17 AM
 #6

I loss a lot of money following his value investing, but once I get into bitcoin, I'm quickly to make a lot of money
Um yeah...I don't know when you made that money in bitcoin, but my guess is that you were momentum trading, which is something Warren Buffett is not into.  What he does takes a lot of research and a lot of patience, which is more than most people in the stock market can manage.  Plus if you've ever read his biography, you'll know that he's absolutely obsessed with finding undervalued companies, to the point that he doesn't have many other interests in life.  He reads annual reports for fun--and he is intelligent and educated enough to grasp everything that he reads about the financials of companies he has on his radar.  In short, he's a statistical outlier.  A stock market prodigy.

One of the reasons why he's so popular with people is that he's not a typical Wall Street guy.  He has a reputation for having a simple life, doesn't enjoy ostentatious displays of wealth, and is generally known as a nice guy.  And he's brilliant, too.

Don't worry about what WB thinks about bitcoin.  I can understand his point of view, but I'm not him.  I don't own a multi-billion dollar investment company with shareholders to be accountable to (Berkshire Hathaway), and I'm comfortable with viewing investment in crypto as a gamble.  WB isn't comfortable with taking risks like that, and that's totally fine.  So while I have great respect for the man, I realize we're on opposite ends of the investment spectrum.  That probably holds true for a lot of us on this forum.

Many of us follow his philosophy, one of my friend actually go ahead bought and read nearly all the books, and he's one crazy fella, because he's willing to go margin trading with 3x leverage, about 500k worth of money the last time  he told me, I wish him all the best, he told me he's going to be millionaire in 6 years, that's by 2020, and yesterday I told him he should learn from his mistake, because he can't make a million dollar from stock market, while my crypto are way faster than his stock market, (of course fast car, fast money, I don't know who hate that, we all come to stock market to make quick money, but we read the nice guy book, and in the end it became an obligation to invest stock market to not to be get rich quick, what's this contradiction?

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May 12, 2019, 04:59:28 AM
 #7

I didn't make a lot of money following his books, and most of the time I found his books contradicting with each other, to be honest I loss a lot of money following his value investing

Your statement is easily refuted by someone who read and follow his guide and technique on investing. You need to make your point stronger, for example, tell us which strategy that you follow and how did you do it, especially for how long have you done that.

As Pharmacist said, Buffet method of investing relies on patience and fundamental values of a company. If that didn't work for him he won't be as rich as today. So either he's lucky or you didn't apply the technique correctly. I'm not going to say he's perfect and you can follow him blindly, as most of the technique requires your own intelligence too.

A greatsword is nothing if the user can't lift it to fight their opponents.

I don't think following his philosophies would be effective.

Why?

Nearly all of his techniques relies on his philosophies in making money. If you don't accept his philosophies then it also means that you don't agree that his technique is valid.

Warren Buffet has his own belief and strategy which contradicts with cryptocurrency at some point.

You should not accept tips from psychic if you're trying to solve high-level math problems.

and in the end it became an obligation to invest stock market to not to be get rich quick, what's this contradiction?

Because investment needs patience. Nobody would say if you invest in Apple for a year you'll get 100x. It is not a contradiction for me. Investment does not equal a get rich scheme, it can take years before your penny turns to millions. The profits relies on how successful the company you invest would be, which is why it takes years to happen. In crypto, you can get 10x only from a single tweet of a CEO. But on the other hand, you can get -90% return just from nonsense news. So if you want to have a get rich quickly scheme (or get rekt quickly scheme) crypto is your choice.

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May 12, 2019, 05:17:30 AM
Last edit: May 12, 2019, 05:30:07 AM by Broly46
 #8

I didn't make a lot of money following his books, and most of the time I found his books contradicting with each other, to be honest I loss a lot of money following his value investing

Your statement is easily refuted by someone who read and follow his guide and technique on investing. You need to make your point stronger, for example, tell us which strategy that you follow and how did you do it, especially for how long have you done that.

As Pharmacist said, Buffet method of investing relies on patience and fundamental values of a company. If that didn't work for him he won't be as rich as today. So either he's lucky or you didn't apply the technique correctly. I'm not going to say he's perfect and you can follow him blindly, as most of the technique requires your own intelligence too.

A greatsword is nothing if the user can't lift it to fight their opponents.

I don't think following his philosophies would be effective.

Why?

Nearly all of his techniques relies on his philosophies in making money. If you don't accept his philosophies then it also means that you don't agree that his technique is valid.

Warren Buffet has his own belief and strategy which contradicts with cryptocurrency at some point.

You should not accept tips from psychic if you're trying to solve high-level math problems.

and in the end it became an obligation to invest stock market to not to be get rich quick, what's this contradiction?

Because investment needs patience. Nobody would say if you invest in Apple for a year you'll get 100x. It is not a contradiction for me. Investment does not equal a get rich scheme, it can take years before your penny turns to millions. The profits relies on how successful the company you invest would be, which is why it takes years to happen. In crypto, you can get 10x only from a single tweet of a CEO. But on the other hand, you can get -90% return just from nonsense news. So if you want to have a get rich quickly scheme (or get rekt quickly scheme) crypto is your choice.

WB getting quick rich from the stock market, he can say whatever he want to show he is one nice guy in the entire world, but look at his company, the bershire Hathaway, what on earth his company worth $300k for a piece of share (and try to buy that I dare you, and no way I could afford them, I need to fork out so much loan just to buy a piece of them, and you can't get a 1/10 of them, you need to get one full piece of them at a time) he pump his own company to the moon to make quick money while calling us who make quick money in crypto a gamblers, and he hate Bitcoin, basically it make too many rich people quick, and he hate anyone who is richer than him and his company? I think we had loss trillions of hard earned dollar by following his philosophy to date, and the 2008 crisis is partly thank to WB too, how long are we going to make this same mistakes again and again.

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May 12, 2019, 06:15:13 AM
 #9

I wonder why a lot of people like to quote the article wrote by/ speech by Warren Buffett. And most of them regard him the king of value investor. Also all the school praise how good he is, and all of us should follow his philosophy. I didn't make a lot of money following his books, and most of the time I found his books contradicting with each other, to be honest I loss a lot of money following his value investing, but once I get into bitcoin, I'm quickly to make a lot of money, and knowing that Warren Buffett do not like bitcoin from bottom of his heart, I don't know why, I think learning from Warren Buffett is a big mistake, and I regret reading his books altogether. And in contrast, I know none of the quote made by Satoshi, because I don't even know what it is behind the white paper, I can barely read them.

Warren Buffet is considered an authority just because he is rich. Grin
He became a billionaire only because the Federal Reserve System started printing US dollars on a massive scale,so all stock prices hit the roof.He's not a genius.Most of the stuff that he teaches and preaches is just common sense.
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May 12, 2019, 06:20:40 AM
 #10

"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful", this is one of his quote which he wrote from his own experience. We cannot expect the same to happen with everyone who make a try on investment. Every small investor will be fearful when they're making their life earnings into an investment and being greedy is common.

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May 12, 2019, 06:26:15 AM
 #11

Not all people learn from Warren Buffett because many people don't know who is him.
People only know Warren Buffett is a motivator, learner, speech and someone who knows many things so people will listen to him if that person needs advice from him.
You don't have to feel regret by reading his books because at least you can find how Warren Buffett teaches people to make an investment or have an investment.
I am not yet reading one of his books because if I want to do that, I should buy that book but meanwhile, I can get another information or add more knowledge from what I read on the internet.
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May 12, 2019, 06:56:29 AM
 #12

Are you seriously questioning why people bother to follow celebrities? Funny. They did something big(good or bad) which is why common people tend to follow them out of love or hate. In this case, Buffett principles conjured wonders for him which is why others are trying to replicate his success which takes time and does not happen overnight as the others mentioned.
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May 12, 2019, 07:03:12 AM
 #13

Probably most of them didn't really follow Warren Buffett. They just like his idea, his life story, his motivational word or way become successful person without trying to do what he has done. And you are here with full of scars as a result for applying his idea on your real life. Of course, he hates Bitcoin, because this decentralize world could change everyone's philosophy and start to leave him.

I think we have to understand that it is actually impossible to COPY PASTE someone's success especially in investing as there are many factors that can influence one's decision at any given time. Warren Buffet should be serving us as an inspiration and that idea that success is truly possible. On cryptocurrency, we know that Warren Buffet being an old school is industry's well-known critic and we have to respect him for that. Sometimes we have to understand that successful people can say whatever they wanted to say...and Warren Buffet belongs to this club.

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May 12, 2019, 08:17:55 AM
 #14

That's because , he is a great investor, a good speaker, a good philanthropist , and not the last but the main point
*He is a billionaire *

He is someone that people aspires to become therefore they are just following him blindly , they are trying to do what he did also there is a quote that you might have heard of

" Learn from not only your mistakes but from other's too because you cannot make every mistake there is in your entire life and get away with that and still have time to stand up "

So people are just being wise , I don't think there is a bad thing about that it's their choice.



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May 12, 2019, 08:25:15 AM
 #15

Well sometimes, it is not about the book and the idea itself. It is the motivation the author is giving.

People read books from their desired authors because they wanted to know how exactly that person made it.

If his contents are not working to you, then you have pick another book that would work for you.

I personally admire Warren Buffet. His investing strategy is different and also effective. If you're looking for a quick return of investment but unsure, then Warren Buffet is not your stuff because for him it doesn't work like that.
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May 12, 2019, 08:36:39 AM
 #16

I wonder why a lot of people like to quote the article wrote by/ speech by Warren Buffett. And most of them regard him the king of value investor. Also all the school praise how good he is, and all of us should follow his philosophy. I didn't make a lot of money following his books, and most of the time I found his books contradicting with each other, to be honest I loss a lot of money following his value investing, but once I get into bitcoin, I'm quickly to make a lot of money, and knowing that Warren Buffett do not like bitcoin from bottom of his heart, I don't know why, I think learning from Warren Buffett is a big mistake, and I regret reading his books altogether. And in contrast, I know none of the quote made by Satoshi, because I don't even know what it is behind the white paper, I can barely read them.
You probably have to read this books once againg. His investment strategy is about finding an underpriced assets, buying them and selling for a full price later. So Warren Buffett is buying $1 fo 70 cents. Your problem is that ICO tokens and the entire crypto industry is looking more like a venture investing which contains an increased amount of risk together with a chance to get an increased profit.
Warren Buffett is a very skilled guy but he is working with the other type of investing.
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May 12, 2019, 08:57:57 AM
 #17

I loss a lot of money following his value investing, but once I get into bitcoin, I'm quickly to make a lot of money
Um yeah...I don't know when you made that money in bitcoin, but my guess is that you were momentum trading, which is something Warren Buffett is not into.  What he does takes a lot of research and a lot of patience, which is more than most people in the stock market can manage.  Plus if you've ever read his biography, you'll know that he's absolutely obsessed with finding undervalued companies, to the point that he doesn't have many other interests in life.  He reads annual reports for fun--and he is intelligent and educated enough to grasp everything that he reads about the financials of companies he has on his radar.  In short, he's a statistical outlier.  A stock market prodigy.

One of the reasons why he's so popular with people is that he's not a typical Wall Street guy.  He has a reputation for having a simple life, doesn't enjoy ostentatious displays of wealth, and is generally known as a nice guy.  And he's brilliant, too.

Don't worry about what WB thinks about bitcoin.  I can understand his point of view, but I'm not him.  I don't own a multi-billion dollar investment company with shareholders to be accountable to (Berkshire Hathaway), and I'm comfortable with viewing investment in crypto as a gamble.  WB isn't comfortable with taking risks like that, and that's totally fine.  So while I have great respect for the man, I realize we're on opposite ends of the investment spectrum.  That probably holds true for a lot of us on this forum.

Many of us follow his philosophy, one of my friend actually go ahead bought and read nearly all the books, and he's one crazy fella, because he's willing to go margin trading with 3x leverage, about 500k worth of money the last time  he told me, I wish him all the best, he told me he's going to be millionaire in 6 years, that's by 2020, and yesterday I told him he should learn from his mistake, because he can't make a million dollar from stock market, while my crypto are way faster than his stock market, (of course fast car, fast money, I don't know who hate that, we all come to stock market to make quick money, but we read the nice guy book, and in the end it became an obligation to invest stock market to not to be get rich quick, what's this contradiction?
Of course Stock Market and crypto are not the same stock market is more stable than crypto it is back up by real business,
While on the other hand crypto is just a digital currency that is backed up by the demands of the investor .
And it is much more secure in stock market compare to crypto so we shouldn't really force others to invest in crypto.

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May 12, 2019, 09:35:51 AM
 #18

Following many of Warren Buffett's advises on investment would be great deal for someone with a time machine. He was really brilliant in the past and that's why he has made so much fortune. Currently, however, he is unable to clearly grasp what's going on the market, and he tends to listen to his younger advisers, regarding Bitcoin in particular(in his own words). I don't blame him, I think it has something to do with biology, he's 88 years old after all. I don't know how many of us would be able to know shit from Shinola at that age.

And yet, being a genius, he once said words which can be perfectly applied to crypto trading today:

Quote
"The basic ideas of investing are to look at stocks as business, use the market's fluctuations to your advantage, and seek a margin of safety."

-Warren Buffett

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May 12, 2019, 09:41:17 AM
 #19



Probably most of them didn't really follow Warren Buffett. They just like his idea, his life story, his motivational word or way become successful person without trying to do what he has done. And you are here with full of scars as a result for applying his idea on your real life. Of course, he hates Bitcoin, because this decentralize world could change everyone's philosophy and start to leave him.
I don’t think he care about anyone who leaving him, just like how McAfee starting blocking twitter user from making any tweet about him. He could be so full of himself when the entire world don’t agree with him.

I think people like stories, in Buffett's case, he was able to find undervalued stocks and turn it into diamonds. His method requires much analysis, including financial statements, which is not applicable for analyzing cryptocurrency projects.

It's understandable that he hates BTC since it is not a business.

He is only likeable because he is one holy men in the entire world, never ever hurt a woman’ feeling, never make a mistake, the right man the best man that every woman dream of getting, and yeah, no woman will bitter about him too.


I don't think following his philosophies would be effective.
We could have them as our inspiration in a successful investment but we can't rely all our decisions on what we read.
They have their own strategies but we couldn't follow all of it but rather take some tips from it. Warren Buffet has his own belief and strategy which contradicts with cryptocurrency at some point.

I didn’t follow any of his quote since a long time ago, I just begin to feel disgusted with whatever he try to say.

Self hating nerd that want to escape from reality into the cyberpunk.
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May 12, 2019, 09:52:20 AM
 #20

Are you seriously questioning why people bother to follow celebrities? Funny. They did something big(good or bad) which is why common people tend to follow them out of love or hate. In this case, Buffett principles conjured wonders for him which is why others are trying to replicate his success which takes time and does not happen overnight as the others mentioned.

I don’t believe in feeling, some people prefer to make decision based on feeling, they feel Warren Buffett is the best guy in the world that every men can dream of, and they make it the right decision of their life. I emphasise on why, how and what we do something, why how and what we can learn from Warren Buffett? Is it important to know why how and what? Or is it important to just let your feeling decide what is the right decision in your life? I’m not presume who is the right or who is the wrong guy, but it is all up to you guy, I would never ever question if Warren Buffett was a wrong guy. He could be the right guy for every woman’s can dream of.

Not all people learn from Warren Buffett because many people don't know who is him.
People only know Warren Buffett is a motivator, learner, speech and someone who knows many things so people will listen to him if that person needs advice from him.
You don't have to feel regret by reading his books because at least you can find how Warren Buffett teaches people to make an investment or have an investment.
I am not yet reading one of his books because if I want to do that, I should buy that book but meanwhile, I can get another information or add more knowledge from what I read on the internet.
Yeah, he is very famous, I can’t possibly ignore him, it is all over the news, all over the internet, the paper, the book stores, it is like the entire city is full of his pictures.

That's because , he is a great investor, a good speaker, a good philanthropist , and not the last but the main point
*He is a billionaire *

He is someone that people aspires to become therefore they are just following him blindly , they are trying to do what he did also there is a quote that you might have heard of

" Learn from not only your mistakes but from other's too because you cannot make every mistake there is in your entire life and get away with that and still have time to stand up "

So people are just being wise , I don't think there is a bad thing about that it's their choice.

I love the quote too, I made a huge mistakes in stock market, and it didn’t doom my life, and it is one unforgivable experience to me.


Self hating nerd that want to escape from reality into the cyberpunk.
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