Buffet Meeting

The article is here


Heh i think it provides a good feel of how a buffet meeting might go... but some things picked out.

Iscar Metalworking??


"Buffett is going to Israel in September to look at similar businesses to buy." - So mabbe time to watch? =)


Important things learnt:

- alwasy learn as much as you can. Buffett says he dosen't like the deal that was put to him, but he still wants to talk so he can learn from him. Now this is not nerw for magic players ;) If you are playing a losing match, you can do 2 things:

1) Stop playing, concede, so that the opponent does not see your deck
2) Drag out the game but do no plays (so your opponent can see nothing), but you can see what your opponent can do.

Interesting ;) I am sure there are varients for poker as well.

Another quote:

" Buffett said, "It begins with fundamentals and then it turns into speculation. What the wise man does in the beginning, the fool does in the end."

Buffett said once people get envious about something that is hot (like commodities and housing), nobody can determine the peak because it's unknown how
outrageous the prices can go."


Moral of the story, beware of speculation =D