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Buffett is an insurance guy. Insurance companies give him free float to go buy 'great companies' (well - at least until the economy crapped out its own skeleton
by hyperlexic 16y ago
Buffett is an insurance guy. Insurance companies give him free float to go buy 'great companies' (well - at least until the economy crapped out its own skeleton). It will be interesting to watch the stock when that old man passes away. I have tried numerous time to read "The Intelligent Investor" and man - I guess my ADD is just too much to do it.
He also has unprecedented access to financial data of companies he may be sniffing around - not the garbage you and I see in SEC documents. (although 10q documents are treasure chests of company info for research).
- eru 16y agoYou can try reading Graham's "Security Analysis" instead. It's a much harder book--so it might keep your interest for longer.