Commentariat On Warren Buffet: A Little Less Talk And Lot More Action

I'm a huge fan, verging on slobbering fanboy even, of VC Paul Kedrosky and his blog Infectious Greed.

By and large, not only are his posts extremely educational, but quite often the comments left by readers are as insightful as his news posts.

there are exceptions however. There's some silly commentary stemming from Mr. Kedrosky's reasoned and thoughtful note about Berkshire Hathaway and the state of their investments in the current economic climate.

Paul Kedrosky: Warren Buffett: Lost His Touch (Again)?

Sorry but there's something absurd about a bunch of readers who aren't in Buffet's league Monday-morning-quarterbacking his calls, when in game terms, we're not even at halftime yet. Really, who here has the track record to call him out? I know I sure don't.

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Quote Of The Day

"Capitalism without failure is like Christianity without hell"

--Warren Buffet

*I know I'm probably way late to the party, but I hadn't read that until recently.

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Another staggering insight: Warren Buffet knows what he's doing!

Dealbreaker.com: Study Produces Useful Information For People Who Are Idiots

A new study by Gerald Martin of American University and John Puthenpurackal of (wait for it) the University of Nevada, called “Imitation is the Sincerest Form of Flattery," has found that if you buy the same stocks as Warren Buffett, you will make a lot of money.
...
The study found that investors mimicking the Oracle’s stock picks, even up to four months later, would earn an annual return of 24.6
percent, easily beating the S&P 500, which rose 12.8 percent during the same period. Based on these numbers, Martin and Puthenpurackal came to almost the preposterous conclusion that “"Warren Buffett appears to possess investment skill.” (No joke, they actually came to and wrote that conclusion.)

Wow. Just, wow.

I imagine that this study required ample academic resources, not to mention some serious grant money to be able to deliver such an insightful conclusion.

As I commented over on Dealbreaker, it must be International Pointing Out the Obvious Day.

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