According to the book “The New Buffettology”, there are 4 areas in which Warren Buffet discovers companies with hidden wealth:-

1. businesses that have a repetitive consumer need with products that wear out fast or are used up quickly and have brand appeal
2. the advertising business
3. businesses that provide repetitive services that people and businesses are consistently in need of
4. products that most people have to buy at some time in their life.

These 4 areas are very closely related to consumer demand and expenditure. In summary, they are a business simple to understand, with good management, attractive prices and has long term prospects.

continue reading "The New “Buffettology”"

In an one-hour interview with CNBC news, Warren Buffet, the 2nd richest man who had donated USD31 billion to charity has the following interesting aspects of his life to share:-

1. He bought his first share at the age of 11 and he now regrets that he started too late!! Ermm… where was I when I was 11? Giggling with my school friends…. interesting difference.

2. He bought a small farm at age 14 with savings from delivering newspapers. This brings back memories of my twin sister and brother selling newspapers in a fun fare site… it brought tears to my eyes seeing them so timidly trying to earn a few cents.

continue reading "Warren Buffet - the interesting aspects of his life"