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be making money
- Game Changers
- the collapse of a few big companies could shake the economy of the whole world
market
- during the 2008 crisis they looked at him for the help
- they hoped he could save them
- he was a go to man
- Buffet had the ability to remember all those numbers, and see how they all fit in
a big picture
- the bed-rock of his future success
- "Sometimes the market is very, very wrong and if you look at prices of stocks as
buying pieces of businesses you will be able to recognize when the market is wrong"
- "I had to be able to communicate with people better, and with groups"
- Suzie stabalized the family so Warnen could spent time learning and doing what he
had to do
- what that thought buffet is that he "Didn't want to get involved in businesses
that had labour problems, where he had to fire people, where he had to get involved
personaly in the management. He wanted somebody else to do that."
- buy businesses whose managment you trust enough to leave in place
- "Burkshire was a bad business. They didn't have a competitive advantage that
allowed the to return sufficient capital invested in the business.
- The float:
- Money comes in interest-free from ensurance premiums which then gets invested in
other busiensses
- (businesses with (?)) interest free cash that could be used for future
investments
- "In 10 minutes I knew I'll be doing some future business with him"
- "He (Warren) was telling me how much more money he is making with his business
and that I'm to intelligent to keep doing what I do now"
- **** "Be greedy when others are fearfull, be fearfull when others are greedy"
- the officer: "You can't manipulate the stock. You can't take actions for the sole
purpose of causing that stock to increase and if you do it violates the law"
- parties
- other party