เสียงบรรยาย Warren Buffett'98 แก่นักศึกษาmba U of Florida

[PP]

http://www.wam.umd.edu/~shai/1998-10-15 ... t_U_FL.wma

Here's a rough "Table of Contents" for the speech's best moments. (in my opinion)

25min:00sec
Warren outlines his "ideal business" with the castle, moat, ROE, etc. (i.e. insight on his business to buy)

32min:45sec
Warren discusses his purchase price of See's Candy (i.e. insight on his fair valuation for the business to buy)

51min:24sec
Warren mentions, in passing, his purchase of a Sinclair gas station - purchased for $2000 when his net worth was $10,000; a $6 billion opportunity cost.

1hr:2min:30sec
Warren mentions, in passing, that in hindsight he would should have bought more KO, rather than buying Salomon. (i.e. could now review KO's historic condition to get an idea of what Buffett likes...he even mentioned that price was high, but worth buying)

1hr:07min
Buffett talks about diversification; states 5 or 6 great businesses is ideal, with no real need to add a 7th (rather, should just add to best idea - and be willing to put up to 50% in the #1 idea)

---> 1hr:11min:45sec
Maybe the most interesting statements in the video: Buffett discusses utility businesses . Recognizes growing consumer demand, knows the industry will make money, but is not sure who will be making the money.

1hr:20min
Buffett explains that he wants markets to decline. Compares Wall Street to a supermarket of businesses (You want the soda cans to be on sale the weekend you want to buy some. Same concept with the price of a Coca Cola Company when you want to buy some)

1hr:21min:25sec
Buffett shares his praise of chapters 8 and 20 in Intelligent Investor.

---> 1hr:22min:48sec
Another excellent section of the video: the "Ovarian lottery" theory

[PP]

โพสต์แรกไม่สมบูรณ์มีข้อบกพร่องครับ ต่อไปนี้จะเป็น Full audio of Warren's speech at U of Fl สมบูรณ์แบบครบทั้ง session

http://www.modulaware.com/a/?m=webtalks