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 Posted: Wed, Apr 4 2007, 12:05 pm EDT Post subject: Buffett Wisdom |
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Buffett Wisdom
by Jeremy Siegel, Ph.D.
Posted on Wednesday, March 28, 2007, 12:00AM
It was a frigid February night when United Flight 343 set down at Omaha’s Eppley Field. The temperature was 3 degrees and mounds of snow lined the runways. But the weather did not dampen our enthusiasm to hear Warren Buffett’s perspectives on the economy, the markets, and anything else that might be on his mind.
Every February Berkshire Hathaway invites a hundred or so Wharton students – MBAs and undergraduates – to visit the firm and listen to “The Oracle of Omaha.” You could scarcely find a more focused and excited group of students and Buffett, who delights in mentoring his young admirers, does not disappoint them.
Before he was scheduled to meet with the Wharton students, I was privileged to talk with the chief of Berkshire Hathaway. Some advice to those who meet him for the first time: don’t ask him to predict the market– he won’t and he doesn’t need to. He believes that there are always opportunities to find undervalued stocks and sometimes the entire market is so mispriced that profitable trades await savvy investors.
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http://finance.yahoo.com/expert/article/futureinvest/27711 |
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