Tuesday, May 5, 2009

The wisdom words of Warren Buffet at Berkshire Hathaway’s annual meeting

I never ever miss the wise words uttered by Oracle of Omaha or Warren Buffet and I made it a point to attend Berkshire Hathaway’s annual meeting this Saturday which was attended by around 35,000 shareholders.

Between sipping Cherry Coke and biting peanut brittle he uttered some words of wisdom that could have saved jobs and financial losses if investors had heeded to them.

Check out some of the wisdom words of Warren Buffet:

If you have a 150 I.Q., sell 30 points to someone else. You need to be smart, but not a genius.

If you need to use a computer or a calculator to make the calculation, you shouldn’t buy it

There is so much that’s false and nutty in modern investing practice and modern investment banking. If you just reduced the nonsense, that’s a goal you should reasonably hope for.

Charlie Munger, his business partner added his own insights too:

Some of the worst business decisions I’ve ever seen are those with future projections and discounts back. It seems like the higher mathematics with more false precision should help you, but it doesn’t. They teach that in business schools because, well, they’ve got to do something.

Probably you all could learn from their wisdom words and don’t make a mistake in the future.

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