[freefront]

^do wonder if he cheated a little and did trading on the side?

[bauer]

I read Roger Lowensteins' biography of Buffet and the way he portrays him is that of a man who had to sacrifice ties (the memory his kids have of him is someone who worked at the second floor of their house, only coming down when he needed to eat) ,

relationships (his first wife left him)

 even emotions (when his car got smashed he said nothing to his son) for his life's work.

another biography author robert p. miles presented it this way,

Buffett just read IN his HOUSE (anywhere convenient to read).  His children had a normal kids' lives.

His wife left him because she is more of a 'social person' and he is a homebody.  Her life was marked by parties, celebrations, and boyfriends.  even then, buffett had taken good care of her after she has a terminal illness.  buffett married his wife's best friend, who is also a homebody like him.


Buffett's children were raised uprightly and all three were given funds for their own charity foundations.

His life is normal as any family would be in america.

[TSO]

Do you get the feeling that the VI philosophy has somehow been extended into your personal life?

Huh, I don't just "get the feeling". I know it is.

I've a reputation for being stingy. Seriously. I donated $50 to my sister's cause once, and she went "OMGWTF my bro just gave me $50 it's so amazing!"

I read Roger Lowensteins' biography of Buffet and the way he portrays him is that of a man who had to sacrifice ties (the memory his kids have of him is someone who worked at the second floor of their house, only coming down when he needed to eat) ,

relationships (his first wife left him)

 even emotions (when his car got smashed he said nothing to his son) for his life's work.

I've read The Snowball, which is an excellent biography of ol' Warby (one that was written at the cost of the author's ties to him).

It's the same thing, too.

He's obviously very intense about it and the whole investing gig's his life's work.

Clearly there is a reason why he's the golden calf of value investing.

Personally, I don't want to end up wasting my personal life.
Post Merge: Aug 02, 2012, 02:04 AM@ bauer

I don't know about homebody though.

Buffett was always out. He fell in love with businessmen and their passions, rather than women, parties, and all that socializing. So instead of get-togethers, he has meetings and plant tours, and golfing. lol.
Post Merge: Aug 02, 2012, 02:05 AMI, on the other hand, would want to travel the world and go trekking/spelunking when I'm capable of doing so.

That's the best part about the Internet. You can manage money, anytime, anywhere.

[bauer]

@ bauer

I don't know about homebody though.

Buffett was always out. He fell in love with businessmen and their passions, rather than women, parties, and all that socializing. So instead of get-togethers, he has meetings and plant tours, and golfing. lol.
 

thanks for the information but i was referring to buffett's life during the early years of his investing.  today, he really spends time outside the house.

actually, during the first few years when he just bought his house, his neighbor's thought he was a bum.  all the companies he acquired, he just check their condition by phone (i dont know until when).

[ferrariEverest]

Huh, I don't just "get the feeling". I know it is.

I've a reputation for being stingy. Seriously. I donated $50 to my sister's cause once, and she went "OMGWTF my bro just gave me $50 it's so amazing!"

hahah. good one! hooray for the stingies

[TSO]

thanks for the information but i was referring to buffett's life during the early years of his investing.  today, he really spends time outside the house.

I was also referring to his days with the partnership and the era early after the biggest mistake that is the Berkshire Hathaway takeover. His kids developed the impression that he's the stoic guy who never shows up for family events and prefers to go out and have business meetings, and then stay in one room whenever he's at home.

He started changing after his first wife left him though, 'cause that's when he realized just how much he missed.

actually, during the first few years when he just bought his house, his neighbor's thought he was a bum.  all the companies he acquired, he just check their condition by phone (i dont know until when).

LOL.

[freefront]

....And from hereon, there will be a part in some questionnaire where you will be considered in some capacity by the answer you give to this : are you a investor or a trader?

[ferrariEverest]

he is a value investor

[bauer]

I was also referring to his days with the partnership and the era early after the biggest mistake that is the Berkshire Hathaway takeover. His kids developed the impression that he's the stoic guy who never shows up for family events and prefers to go out and have business meetings, and then stay in one room whenever he's at home.

He started changing after his first wife left him though, 'cause that's when he realized just how much he missed.

LOL.

oh maybe that's why robert miles is still very much like by buffett after the book was published.  Your information was not shared in the book.

di naman kaya 'bookworm lang siya'?

[TSO]

Not really. Warby was a hardcore businessman since he was ten years old. He had a business then, bought his own car before turning fifteen. Paid for is own college tuition (at columbia iirc), etc.

That is NOT a bookworm. His idea of "fun" in those days was driving across the country, attending asm's and buying stock certificates directly from people WITH a poa so his name doesn't show up on SEC docs on ownership until it's too late and he practically gets a seat or degree of influence on mgt.
Post Merge: Aug 03, 2012, 03:14 PM@ freefront: I don't understand the context of your post.

[freefront]

^ Sorry. That was an aftermath of a discussion if traders are feeling sexy ( due to an article that claims the pleasure-pain center of the brain behaves the same way during trading as with other pleasure seeking behavior. It also connected with the pathway of addictive behavior. Meaning, because a trader feels a high everytime he trades, he tends to that over and over to experience the same feeling, etc.). And then, we speculated on how VI's would look like or how would their swagger be. I haven't been to an FA seminar yet so we haven't settled that one. And then again, you guys were going on about a VI's behavior. Am I getting warm so far?
It was just my own weird sense of humor that escaped.

ex. If TSO was being considered as somebody's son-in-law, " Is he a VI or a trader?"
>not saying being one or the other is good or bad, but you did say they behave differently.

@bjj- free pass again. walked in on that one. 

[alacrity]

@TSO

I'd also like to expand the story on that car he bought, he and Jerry Orans would drive to town
along with a girl, Buffet would wear a suit while clutching an expensive looking cane and the
script was that Buffet was the 'rich' man with his wife and Orans was the chauffeur (also with
uniform) and  they made sure that the car would 'break down' in a public street and while Orans
was 'fixing' the engine Buffet would tap on the window telling Orans how to 'fix' the car.

This goes to show that Buffet was not the average teenager, I think this shows how intense he really was. He saw himself being rich during his early age, and he did.

[pilyong_husband]

Hi TSO.

What's your analysis about these cloud computing companies(US)?
1. Salesforce (CRM)
2. Netsuite (N)

TIA.

[TSO]

I should probably run it thru my prelim screener.

Why those two companies in particular?

[bajoyjoy]

@bjj- free pass again. walked in on that one. 

in fairness, i got ur point without need for an endnote. guess i'm getting the hang of it na ff!