CALDEIRÃO DE BOLSA

“I’m one quarter Coca-Cola,” Warren Buffett says.

When he told me this in a phone call yesterday (we were talking about the death of his friend, former Coca-Cola president Don Keough), I assumed he was talking about his stock portfolio.

No, Buffett explained, “If I eat 2700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I do it everyday.”

Perhaps only a man who owns $16 billion in Coca-Cola KO 0.98% stock—9% of Coke, through his company, Berkshire Hathaway BRK.A -0.27% —would maintain such an odd daily diet. One 12-ounce can of Coke contains 140 calories. Typically, Buffett says, “I have three Cokes during the day and two at night.”

When he’s at his desk at Berkshire Hathaway headquarters in Omaha, he drinks regular Coke; at home, he treats himself to Cherry Coke.

“I’ll have one at breakfast,” he explains, noting that he loves to drink Coke with potato sticks. What brand of potato sticks? “I have a can right here,” he says. “U-T-Z” Utz is a Hanover, Pennsylvania-based snack maker. Buffett says that he’s talked to Utz management about potentially buying the company.

Investors in Berkshire Hathaway may feel relieved that the CEO isn’t addicted to Utz Potato Stix at every breakfast. “This morning, I had a bowl of chocolate chip ice cream,” Buffett says.


Asked to explain the high-sugar, high-salt diet that has somehow enabled him to remain seemingly healthy, Buffett replies: “I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.” The octogenarian adds, “It’s the safest course I can take.”

Joana19 Escreveu:Gosto particularmente do facto do Buffett ter pensamento próprio.

Como achar que parte daquilo que ensinam nas faculdades não faz sentido, por exemplo a utilização do beta numa avaliação(no wacc):

“For owners of a business— and that’s the way we think of shareholders— the academics’ definition of risk is far off the mark, so much so that it produces absurdities. For example, under beta-based theory, a stock that has dropped very sharply compared to the market— as had Washington Post when we bought it in 1973— becomes “riskier” at the lower price than it was at the higher price. Would that description have then made any sense to someone who was offered the entire company at a vastly-reduced price?”

Outra é a utilização do Black–Scholes nos derivados de longo prazo (ja não sei em que carta ele escreveu sobre isso)

Anda uma pessoa a aprender tretas que depois chegamos à conclusão que não fazem sentido, fazemos apenas porque se não o fizermos a nossa avaliação/investimento é tida como incorreta.
O Buffett não usa computador e em poucos minutos avalia um investimento (palavras dele).

Existem imensos iluminados que ganham à linha, mas no final o que conta é a rentabilidade anual e melhor que o Buffett é dificil: 20% em 40 anos ou 50 anos!!