Good one, when you lose the argument make adverse comments about the person who made them.
If you had a better idea about Mikey you would understand why the answer was given. He states a lot of big things but writes like a third grader or worse. It is hard to believe someone stating he does big business when he can't put two words together with good grammar and spelling. Of course that might be why he use to work for those folks.
Originally Posted by PamK
Things like this...
Originally Posted by menmon
Brookshire's is a grocery chain in texas!
BERKshire HATHaway is W.B....and..... Staples and Lowe's are not short term investements. (Bain Capital)
Make people think things like this...
Originally Posted by Down East Labs 217
Beat me to it. :D
Originally Posted by ARay11
BRK operates as a hybrid sort of mutual fund where large pieces or entire small companies are bought using the tax laws to pay as little as possible. I have been on the receiving end of a buyout where WB screwed the minority shareholders ( Patrick Johndrow aptly described Buffet in a thread many moons ago), or buys huge stakes in industries that he believes demographics & politics favor (such as his support for BHO's Keystone pipeline decision) BN will train a lot of NG & oil if there is no pipeline & these kind of decisions favor monopolists, BRK also gets into distressed companies on very favorable terms so he is not a good guy, just usually screws the middle class folks.
Originally Posted by M&K's Retrievers
Bain puts together a fund for a specific purpose - folks commit their money for a minimum period of time - that money usually comes from retirement funds that go back into the economy through the little guys pensions - they buy companies ready for a turnaround - Onerous contracts or a high level of debt are 2 of the most obvious reasons.
Bain receives a management fee + a % of the profit when the fund is liquidated. Bain just happened to be more successful.
IMO - Buffett is grossly overrated though I have looked long & hard at many of the same stocks he has bought - we owned the billfold stock & still do that he gave away as a tip in the auction.