Ai Pei Sheah

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Wednesday, September 27, 2006

Quotes from Warren Buffett

The reason i like this guy Mr. Warren Buffett so much. The way he thinks, acts & talks. Why Malaysia don't have any Oracle of Omaha? We only have Robert Kuok who doesn't talk, Ananda Krishnan who's shy , Teh Hong Piow who only count etc. (Ok, maybe Francis yeah can come close)..


Some golden advice from Buffett:

1) There seems to be some perverse human characteristic that likes to make easy things difficult.

He's referring to those guys who create futures, derivatives & what have u not (reminds me of those places where you have to buy coupons to buy food then exchange back the leftover coupons to hard cash so that you can use it elsewhere).

which leads to:

2)On gold: It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

Actually gold has many uses: http://www.cupel.com/gold_uses.html . I'd rather not have gold as ornamental stuff - therefore we can have cheaper products. And less crime because of this cursed metal.

3) Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

That's why Forrest Gump can be successful. I know i ain't......yet.

4) A public-opinion poll is no substitute for thought.

errr... he means to say is that those elected politicians will not neccessarily use their brain. especially in our beloved Dewan Rakyat.


Yeah he's smart.

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