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Warren Buffet would like a word with your investment strategy.

astrange 8y ago
Buffet’s not doing what you do. If you pay a liquidity premium, use it.
gammateam 8y ago
Warren Buffett engaged in highly speculative corporate raiding before it was even a term. Forget his Baby Boomer conservative investment guru facade. Thats not how he generated wealth, it is a component to how he preserves wealth because he has a liquidity issue.
- shostack 8y ago
  Any recommended links to more reading on his early days with those tactics?
  - gammateam 8y ago
    No, not really, I'm more surprised anyone cares, in this context he is just a trader that does trader things, the luxury of maintaining polyamorous relationships with no challenge from his wife and social circle, accumulation with no interest in conspicuous consumption, insulation from financial consequence when relationships fall apart. It's just activist investing, read about that and maybe his name might come up. His switch to mild mannered thought leader is probably a story of redemption after corporate raiding caught on - in the pejorative - during the 80s.
    - mav3rick 8y ago
      Wow that's a new low. Bringing in his personal life to insult his professional life.
      - gammateam 8y ago
        They weren't insults to me, I want those privileges too, he's very inspirational. It is surprising to me that people want a particular image of him, when I see the opposite of what he projects and I like it. I like the influence. I forgot other people hadn't seen it, but I am surprised how important his image is to people. I think these privileges are a part of his type-A trader life, and is par for course for successful traders living that life.
        mav3rick 8y ago
        Not every trader has an open relationship. You are just brushing people with a broad stroke. Buffet is his own individual who had his own arrangement with his family. You are insinuating that he's the same as all "traders" while also insinuating the things "traders" are notorious for. No one's perfect , but time and again Buffet has set a good example for principled investing. You allege that he took a wild swing and got lucky, but he follows what he learnt from Benjamin Graham and then invests. He's always done that. For the layman he suggests just resting and vesting in index funds which have time and again worked over a long period of time.
        gammateam 8y ago
        I don't consider his incongruence with a nuclear family to be an imperfection, I consider it privilege. I never said even said it was a lucky wild swing, there is no interpretation of what I said that meant that, your hyperbole is based on a completely wrong assumption of anything I care about it. Perhaps you decided to latch on to "highly speculative" as "wild swing and got lucky". Lets talk about the curve of risk, buying distressed companies after consolidating your friends and family's money with the addition of massive borrowing on top of that to accomplished your 'principled investing' would still be called highly speculative. This exists within the category of "highly speculative". There is nothing wrong with that? I find it entertaining that his approach to inspiring people is the exact opposite of risk, as he could easily just be another Carl Icahn or Soros if he wanted and only inspire finance majors to make massive bets against governments. He is so successful at this image that people would actually ask me to post a source for my allegations. This is obviously a lot more important to you than it is to me, and your cognitive dissonance is showing. This has been enlightening.
    - intertextuality 8y ago
      These are completely baseless accusations. Either provide sources or go back to reddit.
      - gammateam 8y ago
        They aren't accusations I think those are awesome things Again, I am more surprised people care For example, I am surprised people need a "mild mannered Nebraska man" in their minds, when its really "type-A trader doing type-A things but check out the thought leadership my publicist suggested I do" I'll consider coming back with sources, I don't really think these are worth "proving", they aren't accusations, they're privilege, and are par-for-course for traders living that lifestyle.
        intertextuality 8y ago
        Please stop hiding behind "I'm surprised people care" as an excuse to attack someone's character whilst providing zero (0) sources. People don't "need" anything—well adjusted people usually assume better of random strangers, unless actual proof is provided otherwise. Saying it's because he's a "trader" is very low-quality discourse. Prove it. I'm willing to bet you cannot.
  - sjg007 8y ago
    Look into AmEx and the olive oil fiasco.
    - sobani 8y ago
      Wikipedia [0] doesn't mention Buffett in its description of the event. All I can find is a description of Buffett betting that AmEx would recover after this crisis. [1] That sounds in line with Buffett's reputation: bet on a good company that for whatever reason has a low price. [0] https://en.wikipedia.org/wiki/Salad_Oil_scandal https://en.wikipedia.org/wiki/Salad_Oil_scandal [1] https://www.businessinsider.com/warren-buffett-and-the-great-salad-oil-swindle-2016-2?international=true&r=US&IR=T https://www.businessinsider.com/warren-buffett-and-the-great...

Buffet’s not doing what you do. If you pay a liquidity premium, use it.

Warren Buffett engaged in highly speculative corporate raiding before it was even a term. Forget his Baby Boomer conservative investment guru facade. Thats not how he generated wealth, it is a component to how he preserves wealth because he has a liquidity issue.

shostack 8y ago
Any recommended links to more reading on his early days with those tactics?
- gammateam 8y ago
  No, not really, I'm more surprised anyone cares, in this context he is just a trader that does trader things, the luxury of maintaining polyamorous relationships with no challenge from his wife and social circle, accumulation with no interest in conspicuous consumption, insulation from financial consequence when relationships fall apart. It's just activist investing, read about that and maybe his name might come up. His switch to mild mannered thought leader is probably a story of redemption after corporate raiding caught on - in the pejorative - during the 80s.
  - mav3rick 8y ago
    Wow that's a new low. Bringing in his personal life to insult his professional life.
    - gammateam 8y ago
      They weren't insults to me, I want those privileges too, he's very inspirational. It is surprising to me that people want a particular image of him, when I see the opposite of what he projects and I like it. I like the influence. I forgot other people hadn't seen it, but I am surprised how important his image is to people. I think these privileges are a part of his type-A trader life, and is par for course for successful traders living that life.
      - mav3rick 8y ago
        Not every trader has an open relationship. You are just brushing people with a broad stroke. Buffet is his own individual who had his own arrangement with his family. You are insinuating that he's the same as all "traders" while also insinuating the things "traders" are notorious for. No one's perfect , but time and again Buffet has set a good example for principled investing. You allege that he took a wild swing and got lucky, but he follows what he learnt from Benjamin Graham and then invests. He's always done that. For the layman he suggests just resting and vesting in index funds which have time and again worked over a long period of time.
        gammateam 8y ago
        I don't consider his incongruence with a nuclear family to be an imperfection, I consider it privilege. I never said even said it was a lucky wild swing, there is no interpretation of what I said that meant that, your hyperbole is based on a completely wrong assumption of anything I care about it. Perhaps you decided to latch on to "highly speculative" as "wild swing and got lucky". Lets talk about the curve of risk, buying distressed companies after consolidating your friends and family's money with the addition of massive borrowing on top of that to accomplished your 'principled investing' would still be called highly speculative. This exists within the category of "highly speculative". There is nothing wrong with that? I find it entertaining that his approach to inspiring people is the exact opposite of risk, as he could easily just be another Carl Icahn or Soros if he wanted and only inspire finance majors to make massive bets against governments. He is so successful at this image that people would actually ask me to post a source for my allegations. This is obviously a lot more important to you than it is to me, and your cognitive dissonance is showing. This has been enlightening.
  - intertextuality 8y ago
    These are completely baseless accusations. Either provide sources or go back to reddit.
    - gammateam 8y ago
      They aren't accusations I think those are awesome things Again, I am more surprised people care For example, I am surprised people need a "mild mannered Nebraska man" in their minds, when its really "type-A trader doing type-A things but check out the thought leadership my publicist suggested I do" I'll consider coming back with sources, I don't really think these are worth "proving", they aren't accusations, they're privilege, and are par-for-course for traders living that lifestyle.
      - intertextuality 8y ago
        Please stop hiding behind "I'm surprised people care" as an excuse to attack someone's character whilst providing zero (0) sources. People don't "need" anything—well adjusted people usually assume better of random strangers, unless actual proof is provided otherwise. Saying it's because he's a "trader" is very low-quality discourse. Prove it. I'm willing to bet you cannot.
- sjg007 8y ago
  Look into AmEx and the olive oil fiasco.
  - sobani 8y ago
    Wikipedia [0] doesn't mention Buffett in its description of the event. All I can find is a description of Buffett betting that AmEx would recover after this crisis. [1] That sounds in line with Buffett's reputation: bet on a good company that for whatever reason has a low price. [0] https://en.wikipedia.org/wiki/Salad_Oil_scandal https://en.wikipedia.org/wiki/Salad_Oil_scandal [1] https://www.businessinsider.com/warren-buffett-and-the-great-salad-oil-swindle-2016-2?international=true&r=US&IR=T https://www.businessinsider.com/warren-buffett-and-the-great...