|
Charlie Munger promises lower returns for Berkshire-Hathaway
12-10-2005, 07:44 AM
|
#1
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
|
Charlie Munger promises lower returns for Berkshire-Hathaway
Charlie Munger doesn't interview very often although his speeches have been printed occasionally. Now they've been collected in a book, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, so he's done a Kiplinger's interview.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
12-10-2005, 08:51 AM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
No doubt it will be more difficult for them nab the returns of the past. Too much cash. BRK is not the nimble beast of the past. I do, however, think it would be a different tune if the market were to get substantially cheaper. Munger obviously doesn't see that happening so I suppose his prediction is based on that premise.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
|
|
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
12-10-2005, 11:27 AM
|
#3
|
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
I have writen to Buffet asking why the do not pay a Dividend.
It is very nice that the stock price goes up, but if you want some Income, you have to sell the stock and then you can no longer participate.
I will probably sell anyway because if WB gets sick or dies, I could see a 50% drop in NAV.
|
|
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
12-10-2005, 12:01 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,505
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
Quote:
I will probably sell anyway because if WB gets sick or dies, I could see a 50% drop in NAV
|
Please
|
|
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
12-10-2005, 12:48 PM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
I doubt the NAV of its businesses would drop by 50%, perhaps you meant stock price. The "Warren" premium may be taken out but its businesses will go on as usual. A lot of stuff could change once Buffet is gone, some may even be good, who knows.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
|
|
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
12-10-2005, 10:30 PM
|
#6
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
|
Re: Charlie Munger promises lower returns for Berkshire-Hathaway
Quote:
Originally Posted by Howard
I will probably sell anyway because if WB gets sick or dies, I could see a 50% drop in NAV.
|
Buffett claims that Berkshire Hathaway paid its last dividend because he had to take a bathroom break during a board meeting, and they rammed the vote through before he got back. So these days I bet the entire meeting adjourns when he feels the urge.
Yes, you could see a 50% drop in NAV. However there's another camp of "conventional wisdom" claiming that BH is 30-40% undervalued and would return over $100K/share at breakup. So when (if?!?) he dies I'd be holding, keeping an eye on the price, and maybe trying to buy more on the way back up...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|