Warren Buffet Made $ 654 Million Yesterday

[SI2004]

Wow. (http://money.cnn.com/2005/01/28/news/newsmakers/buffett/index.htm)

I realise this is a bit of a pointless post, but seriously. Wow. Not a bad day's pay if you can get it.


Phaedrus

[daily-egold]

It's all relative. If he's got billions working for him, a few million would be just a small percentage...
Jeff

[jeffin]

Well, he also started buying the stock back in 1989. Forward thinking will net you some huge paydays down the road.

[azure]

News are ever so misleading.
1-if you invest $100 and get a profit of $50 they will say you had a 50% profit! (sounds good)
2-if you invest 1,000,000,000 and get a profit of 1,000,000 they will say you got a profit of 1 million because this sounds better than 0.1%!

Now 'our' awty here gets regularly 1-2.5% per week.
Averaging to 1.75% and supposing that awty had a portfolio worth 65 billions he would be making 1 billion and 137 million per week.

Humm,... I'll rather invest in awty and dump Buffett.
:lol:

[SI2004]

Well guys, Buffett seems like a very practical guy despite being one of the richest people on earth. I have a feeling seeing a $ 654 million spike on his net worth gave him a little chuckle regardless of the facts that 1) it's just paper profits on his Gillette stock, 2) was the result of work he did years ago, and 3) represents "only" a few percent of his multi-billion dollar net worth.

I invested in a company building networks for cellular phones in the 80s. When the GP paper matured my investment had increased by 4,300% I was very impressed with this, despite the fact that it was years later and that the net dollar figure was not all that much in the great scheme of things. It was still a very noce payday and was much enjoyed, for the simple fact of being right (everybody I know called me an idiot for that investment, "cell phones are just a rich man's toy, they'll never catch on" and so forth.)


Phaedrus

[Mars]

:huh:

[God Father]

Easy come easy go, how much does he lose on a bad day? :P

[Goldberg]

News are ever so misleading.
1-if you invest $100 and get a profit of $50 they will say you had a 50% profit! (sounds good)
2-if you invest 1,000,000,000 and get a profit of 1,000,000 they will say you got a profit of 1 million because this sounds better than 0.1%!

Now 'our' awty here gets regularly 1-2.5% per week.
Averaging to 1.75% and supposing that awty had a portfolio worth 65 billions he would be making 1 billion and 137 million per week.

Humm,... I'll rather invest in awty and dump Buffett.
:lol:

:D :D :D
I think you joke?

First, nobody could receive incomes in size even 1 % a week during long time having such capital as Warren. Very much frequently there are no suitable objects of investment which could digest such big investments. About shortage of objects for investment not once wrote also Buffet itself (read annual reports of Berkshire Hathaway, written Buffet).

Second, for the period more than 30 years cannot brag of such productivity of the invested capital any other person in the world. So it is not necessary to doubt of professionalism of the greatest investor in the world.

Good luck! :cool:

[MotherLode]

Buffet kills me with his fine details because they are so misleading.

During one of the recent election campaigns, he let it be known that he pays only $2400 in annual taxes on his multi-million dollar home. Because of it, he felt CA need to raise their homeowner's taxes.

This is so misleading! CA, thanks to Proposition 13 has an cap on the amount of taxes that can be charged on a home.

Buffet clearly bought this home a long time ago (probably before Prop 13 went into effect), and whereas the value of his home has gone up tremendously, his taxes haven't. That doesn't mean he needs to raise our tax. If he wanted a more equitable number, he should sell his home and buy it back. The current tax is based on the sale price of the home. He'd find it ran more like $10,500 per million, just at a guess.

It's all in the twist.

Go figure.

[I_con_you]

:D :D :D
I think you joke?

First, nobody could receive incomes in size even 1 % a week during long time having such capital as Warren. Very much frequently there are no suitable objects of investment which could digest such big investments. About shortage of objects for investment not once wrote also Buffet itself (read annual reports of Berkshire Hathaway, written Buffet).

Second, for the period more than 30 years cannot brag of such productivity of the invested capital any other person in the world. So it is not necessary to doubt of professionalism of the greatest investor in the world.

Good luck! :cool:

DOUBT? Read my post again.

[Quartex]

Wow. (http://money.cnn.com/2005/01/28/news/newsmakers/buffett/index.htm)

I realise this is a bit of a pointless post, but seriously. Wow. Not a bad day's pay if you can get it.


Phaedrus

I made $204 on Friday.

[eagle9]

Like Bill Gates through software and Warren buffet through investment they have made their money in their respective fields of life .
But they cannot make 50% on their fortunes as Billgates has $46.6 billion and Warren Buffet has $42.9 billion.
This is according to the Forbes list who state they are the worlds richest no's 1 & 2 of the top ten.
They would soon own all the money in the world if this was the case, and this would cause a collapse of the world economy
George Soros is another one but way back in the stakes @ No:24 he was able to turn over a billion dollars in the currency markets on Black wednesday.
But it is all as "I_con_you" says it is a one off situation and they use very large funds to make this happen.
Maybe!!.. it is time to look at Awty's system lol :))

[Goldberg]

DOUBT? Read my post again.
I`m reading it again and again! :wacko:

[I_con_you]

I`m reading it again and again! :wacko:
:D :D :D

[Goldberg]

Like Bill Gates through software and Warren buffet through investment they have made their money in their respective fields of life .
But they cannot make 50% on their fortunes as Billgates has $46.6 billion and Warren Buffet has $42.9 billion.

By the way, Gates is the shareholder of Berkshire and enters into its Board of Directors. :eat: