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And a counterpoint: http://epicureandealmaker.blogspot.com/2015/03/uncle-warren-explains-it-all-to-you.html http://epicureandealmaker.blogspot.com/2015/03/uncl

And a counterpoint: http://epicureandealmaker.blogspot.com/2015/03/uncle-warren-explains-it-all-to-you.html http://epicureandealmaker.blogspot.com/2015/03/uncle-warren-... Accept no one's argument at face value, especially when it's coming from a man who has spent the last 50 years exploiting market inefficiencies.

wtbob 12y ago
Thanks for that link. It also links to http://www.bloombergview.com/articles/2015-02-28/warren-buffett-explains-his-cozy-embrace http://www.bloombergview.com/articles/2015-02-28/warren-buff..., which is well worth the read.
- kchoudhu 12y ago
  You could do a lot worse than just follow Epicurean Dealmaker and Matt Levine for your daily/weekly/whatever fix of financial news.
ryguytilidie 12y ago
"Apparently some doddering old fart in Omaha, Nebraska published a celebratory letter yesterday." "I tend to prefer my moral fiber to come unencumbered by six cups of refined sugar and smug self satisfaction per serving. I know, I know: I am downright un-American." And finally, in the fourth paragraph, the author finally starts the story with "Aaannnyhoo". This guy is a pretty insufferable writer.
- kchoudhu 12y ago
  Yup, but that doesn't change the fact that he's right though. Read through his posts -- it is readily apparent that he knows what he is talking about.
a_c_s 12y ago
The author doesn't provide much of a counterpoint: underneath the layers of rudeness and rhetorical flourishes, the only point of the article is that Mr. Buffet generally purchases companies for less than what the seller would receive in an auction managed by investment bankers. This rebuts none of Mr. Buffet's points (not even those brought up in the parts of the letter that the author quotes), nor is it very insightful. Mr. Buffet has always ascribed to and publicly stated that he looks for deals, buying companies when they are cheap.
- kchoudhu 12y ago
  If you're working at a startup, I hope there aren't people relying on you to negotiate an exit down the road.

wtbob 12y ago

Thanks for that link. It also links to http://www.bloombergview.com/articles/2015-02-28/warren-buffett-explains-his-cozy-embrace http://www.bloombergview.com/articles/2015-02-28/warren-buff..., which is well worth the read.

kchoudhu 12y ago
You could do a lot worse than just follow Epicurean Dealmaker and Matt Levine for your daily/weekly/whatever fix of financial news.

ryguytilidie 12y ago

"Apparently some doddering old fart in Omaha, Nebraska published a celebratory letter yesterday." "I tend to prefer my moral fiber to come unencumbered by six cups of refined sugar and smug self satisfaction per serving. I know, I know: I am downright un-American." And finally, in the fourth paragraph, the author finally starts the story with "Aaannnyhoo". This guy is a pretty insufferable writer.

kchoudhu 12y ago
Yup, but that doesn't change the fact that he's right though. Read through his posts -- it is readily apparent that he knows what he is talking about.

a_c_s 12y ago

The author doesn't provide much of a counterpoint: underneath the layers of rudeness and rhetorical flourishes, the only point of the article is that Mr. Buffet generally purchases companies for less than what the seller would receive in an auction managed by investment bankers. This rebuts none of Mr. Buffet's points (not even those brought up in the parts of the letter that the author quotes), nor is it very insightful. Mr. Buffet has always ascribed to and publicly stated that he looks for deals, buying companies when they are cheap.

kchoudhu 12y ago
If you're working at a startup, I hope there aren't people relying on you to negotiate an exit down the road.