Notes from the Meeting Dr. George Athanassakos and Ivey MBA and HBA students had with Mr. Warren Buffett
Omaha, NB, March 30, 2012, 10:00 am – 12:00 pm
Q: Since you have been an investor for 60 years, how have your principles changed over time?
The latest Robinhood Investors Conference is in the books, and some hedge funds made an appearance at the conference. In a panel on hedge funds moderated by Maverick Capital's Lee Ainslie, Ricky Sandler of Eminence Capital, Gaurav Kapadia of XN and Glen Kacher of Light Street discussed their own hedge funds and various aspects of Read More
- The principles of value investing have not changed from the teachings of Ben Graham until now.
- Aesop, the Greek writer, once said that: “a bird in the hand is worth two in the bush”. I think that this is not always the case. When valuing a business we should think of it as “deferring consumption and laying money out now to get more money back at a later date”- i.e. the two birds in the bush. There are two major questions to be answered: 1). How much money will investors get back and 2). When will they get it back.