This article is a compliment to the 5 defining moments in value investing history. Thanks to L-Diddy who commented about the idea and suggested I take a shot at it. Here’s my shot.
- To celebrate his 80th birthday, Warren Buffett surprises the world and releases his tell all book titled, “Poor Warren’s Almanac: How Harvard Rejected Me and I made Billions”. The book details his methods with detailed analysis from previous fat pitches (KO,WPO,GEICO,etc.) .
- In an unprecedented move, Bill Gates forks out 1 billion dollars and launches VINN, Value Investing News Network. The programming consists of interviews with value investors, biographies on famous value investors and 20 hours of bridge. At the bottom of the screen, a ticker displays stocks hitting 52 week lows.
- (2010)For the first time ever, Berkshire Hathaway’s shareholder meeting is delayed. The Woodstock for Capitalists attracts so many people, the fire department makes a critical decision and does not allow the shareholder meeting to be held at the Qwest Center. The meeting will now be held at Nebraska’s Memorial Stadium. Warren and Charlie take questions on the 50 yard line.
- 2010 is the year Berkshire Hathaway’s new CIO is revealed. Mohnish Pabrai convinces Warren Buffett during their $600,000+ dinner that he is the right candidate.
- 2015, Value Investors survive another bubble. Once again, the idea of buying dollars for fifty cents wins out in manias. Most value investors sell high to Mr.Market and live to invest another day. Speculators lose astronomical amounts of money but within one year continue to speculate. Some people will never learn.
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Thanks for the laugh.
thanks Nick for taking the time to read it.
That was great. Thanks from L-diddy, your hihgly entertained muse… Looking forward to all future postings.
That’s very funny. What’s even funnier is
# 6. Investors found a different way to make money in todays stock market unlike the old boring value way. Since this time it is different lets buy high-growth high-p/e stocks investors shrugg Warren’s advice and begin to scalp trade.( buying stocks in order to profit from miniscule price movements)
this was funny so true though, you can’t deny it!!