| Title | : | Warren Buffett u0026 Charlie Munger explains why Berkshire require atleast 10% return (2003) |
| Lasting | : | 10.31 |
| Date of publication | : | |
| Views | : | 70 rb |
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The second question was very intelligent, but I don't think Buffett & Munger addressed it very well Comment from : @Tian-ow8ro |
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Only till it finishes not a sec later be ready for that all❤❤🎉🎉 Comment from : @shankarbalakrishnan2360 |
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To shed any light on this when Warren and Charlie mention "our opportunity cost as a discount rate (on future cash flows) is 10" well that's their cost of capital when you consider the audience in front of them- who invest capital with Berks- have a bnext best alternative use of their money/b (opportunity cost) as being to invest it in an index delivering 10 pa brThe audience invests their capital in Berkshire and their opportunity cost as general public is to invest in an index producing 10 So that is the hurdle rate Berkshire has to beatbrI try to invest like these two (try!) and personally never bother fiddling with changing the discount rate in line with 7yr gilts etc; everything is discounted at 10 and more focus is on durability and size of future cash flows and analysing the business instead Comment from : @maxt1617 |
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they did dcf of course but usually if the stock need to dcf to last digit isn’t going to work , so they literally just skip the opportunity cost cause overall they will hold more than ten years and make the present volatility like nothing Comment from : @hialin618 |
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Warren Buffet said at 8:16 that they would pay out 250 million dollars if one person hits the right number in a Pepsi Cola contest Did he mean to say Coca Cola? Comment from : @frankpinkowski534 |
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Choosing smoothness in earnings is either for psychological reasons or because you may be unsure of your understanding of the business Comment from : @foxbat888 |
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Berkshire audience questioners are just awful, stupid, pathetic, and dumb Almost every one has a long-winded question (multiple part question, and multiple questions), and they are usually looking for some magic formula so they don't have to think They just don't "get" it Comment from : @tomdallas3690 |
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This guy def doesn’t get laid Comment from : @adf286 |
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Even though they have no scientific studies to back this up, the reason why they use 10 percent - and ought to - is because the long term average return of the Dow and the S&P is about 10 if you include dividends Comment from : @valuations520 |
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stup!d “investor” never learn not to waste time and ask questions under 20s Comment from : @hl3641 |
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Buffet’s first investment was a total loss…that how an investment firm is named after a New England textile company since he kept the corporate structure Comment from : @darbyheavey406 |
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Before asking a question at a conference like this you must clarify to yourself "am I asking a question or providing an answer - that would at the same time - also stroke my own ego?" Comment from : @rustler160 |
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They don't explains They explain At least are 2 words Comment from : @Pe6ek |
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The guy asking the question is the reason so many people miss the forest for the trees and why warren does so well Why do all these people ask 10 minute questions and not notice that Charlie can answer everything in less than 15 seconds Comment from : @ElewIV |
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The final part was amazing Comment from : @abc18792 |
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Such a stupid selfish question, 2 of the goats sitting in front of you and you spend 5 minutes asking a dumb question that could have been condensed into 15 words if the guy was half as smart as he wanted people to think he was Comment from : @matmaism |
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What does 10 return mean Is this 10 revenue per stock price? Please someone clarify what returns refers to and percent of what it refers to Thank you! Comment from : @phantomcreamer |
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The question is way to long Comment from : @leesoyka467 |
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Has any shareholder at any shareholder BH annual meeting EVER asked a question less than 9 minutes in length? Ever? Comment from : @raindogs451 |
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They need to make a Buffett & Munger cartoon Comment from : @Furtivo95 |
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What a nerd Comment from : @examensexamen |
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10 real return, pre-tax seems like a low hurdle for Berkshire, in any interest rate environment The scale of BRK, even in 2003, was supposed to limit them, yet in an era of falling interest rates, their scale enabled them to make deals with BAC, GS, GE and OXY that easily cleared the 10 hurdle Comment from : @BM-ru7ef |
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Buffet answer is at 2:33 Comment from : @Vishal-ih3tc |
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Look how rich and young Charlie and Warren were long live Warren long live Charlie Comment from : @longphan3744 |
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Opportunity cost: guessing future opportunity cost, he wants to use lesser fire power with lower returns 4:50 Comment from : @candyfloss184 |
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Way too long of a question dude Comment from : @Gorevet |
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The higher present value is worth the volatility Comment from : @ChaceBonanno |
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2:36 to skip past the nerd asking the question Comment from : @DenzelLN936 |
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That guy asking the question wanted to show off his intelligence in front of these two, I'm guessing he didn't get a job from them, especially when he brought up the modern finance part lol Comment from : @user-ql3ws5uz1d |
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I love this amazing video Comment from : @moheuddin_sehab |
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Charlie's sitting there shaking his head thinking "fuck this guy and his numbers" Comment from : @mastershredder2002 |
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For more of this stuff - downloadbrplaygooglecom/store/apps/detail…buffettomungology Comment from : @dhruvapandey17 |
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this confuse me can somebody explain? Comment from : @leonardopurbas |
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10 on Equity or 10 on Sales?? Comment from : @sgpappu25 |
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And I thought he was a coke man Comment from : @johnpoulsen7582 |
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Questioner is total blow hard Comment from : @terrysteven3528 |
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jesus Comment from : @Victor41994 |
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great video thanks - what year is this from? Comment from : @TheMaxif1992 |
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