RE:RE:I have a comment about the dealWarren Buffet has also made some massive mistakes . It makes me laugh when the sheeple buy stocks 6 months after Buffet buys something due to reporting . He can make these mistakes , most people cannot . The shoe company he bought in the USA was a disaster . The casting/machining company he bought was horrible. Why in the world would you buy a shoe manufacturer in the USA when there's a place called China ? I'm in the machining industry and wouldnt buy a machine shop /casting company ever . It's an awful dog eat dog industry which again has been destroyed by offshore sweat shops. But yes, on average he has done really well with what some call boring companies. I manage a relatives portfolio and am always very conservative and they have done really well over time. I , however have swung for the fences and paid the price in my personal portfolio.
blueskies wrote: Respectively, I would suggest people who have made way more $ than you have ever made or ever will, make it their business to buy excellent businesses at fair prices, not always bargain basement, just fair. When you look back the prices look like bargains but they didn't always appear like that at acquisition.
Warren Buffett seems to have done okay with this method and notably, he is currently a big buyer on oil.