Week Ending May 4th, 2018 $183.83 +$21.51 (+13.25%)
May 5, 2018 6:03:32 GMT -8
CdnPhoto, pauls, and 9 more like this
Post by 4aapl on May 5, 2018 6:03:32 GMT -8
A great week! While I don't have a bunch of links, I wanted to get the thread started before I head out for the day to learn...
Given that Buffett's additional 75M share purchase helped boost up AAPL, and Berkshire's annual meeting is today, there's a lot of quotes and videos from him. One that stuck with me from last night was about what he hoped to be best remembered by, and he said teaching (it's 15 minutes in on Yahoo's video of the full event). This left the interviewer a little baffled, and he just missed the mark.
I think this is like a stage of enlightenment, where you realize you learned from a lot of people over the course of your life, and then learned a lot along the way. And Warren said this, that he learned from a lot of people. But next is trying to pass along this info. A one-on-one apprenticeship only teaches that one person at a time, but when you go bigger with a blog, a book, or an annual shareholder's meeting that brings in thousand of people and is rebroadcast everywhere...that's starting to sound like a great forum to try to pass along the knowledge that you've acquired over a lifetime of investing.
He didn't say that, but I think it's what he was getting at.
I'm headed into my second day of a 3 day crew leader class from the Tahoe Rim Trail, where people who have been building trails and leading groups for years are trying to pass this info on. The goal is to get even more interest in maintaining and building trails, but the TRTA, just as Tahoe Area Mountain Bike Association's did at it's one last year, has the stellar insight to realize that there is little added cost or effort for each extra person in attendance, and so they have opened it up to all organizations. Instead of just being specific to the local area, they are also teaching good trail building and crew leading skills to people from Reno, Carson City, Auburn and Sacramento.
With investing, it is a little different in that your risk level or goals are likely to change over the years. I know for me, I was a lot more risky at a young age, both when I was dealing with a small amount, but also when I didn't have any dependents, had few costs, and few responsibilities. Now later in life, with a family and a couple houses, and a bit larger portfolio, my investment risks and goals are different. Because I have been successful, I really have no need to chase expanded gains while taking on expanded risk. Likewise, Warren is known to be more conservative with his investments, while at the same time having plenty of capital so he can go in big and even get some deals that others would not be able to. But while he can impart a lot of knowledge, a lot of that knowledge may fall off the closed ears of those at a much different risk/reward goal in their investment style.
I'd like to thank everyone who comes to this forum and posts, whether it's something you've learned and distilled over time, or a link to an article you thought was insightful. The key is passing on knowledge, whether bullish, bearish, or neutral. And I hope we continue to be able to absorb this information, as along with having a teacher spreading knowledge, it takes having good students.
Thanks everyone!
(And thanks to those of you who normally start these threads. It's a bit of work, and I'm sure it's even more work to do well. THANK YOU!!!! Especially Since84 and chinacat, who start them nearly all of the time)
Given that Buffett's additional 75M share purchase helped boost up AAPL, and Berkshire's annual meeting is today, there's a lot of quotes and videos from him. One that stuck with me from last night was about what he hoped to be best remembered by, and he said teaching (it's 15 minutes in on Yahoo's video of the full event). This left the interviewer a little baffled, and he just missed the mark.
I think this is like a stage of enlightenment, where you realize you learned from a lot of people over the course of your life, and then learned a lot along the way. And Warren said this, that he learned from a lot of people. But next is trying to pass along this info. A one-on-one apprenticeship only teaches that one person at a time, but when you go bigger with a blog, a book, or an annual shareholder's meeting that brings in thousand of people and is rebroadcast everywhere...that's starting to sound like a great forum to try to pass along the knowledge that you've acquired over a lifetime of investing.
He didn't say that, but I think it's what he was getting at.
I'm headed into my second day of a 3 day crew leader class from the Tahoe Rim Trail, where people who have been building trails and leading groups for years are trying to pass this info on. The goal is to get even more interest in maintaining and building trails, but the TRTA, just as Tahoe Area Mountain Bike Association's did at it's one last year, has the stellar insight to realize that there is little added cost or effort for each extra person in attendance, and so they have opened it up to all organizations. Instead of just being specific to the local area, they are also teaching good trail building and crew leading skills to people from Reno, Carson City, Auburn and Sacramento.
With investing, it is a little different in that your risk level or goals are likely to change over the years. I know for me, I was a lot more risky at a young age, both when I was dealing with a small amount, but also when I didn't have any dependents, had few costs, and few responsibilities. Now later in life, with a family and a couple houses, and a bit larger portfolio, my investment risks and goals are different. Because I have been successful, I really have no need to chase expanded gains while taking on expanded risk. Likewise, Warren is known to be more conservative with his investments, while at the same time having plenty of capital so he can go in big and even get some deals that others would not be able to. But while he can impart a lot of knowledge, a lot of that knowledge may fall off the closed ears of those at a much different risk/reward goal in their investment style.
I'd like to thank everyone who comes to this forum and posts, whether it's something you've learned and distilled over time, or a link to an article you thought was insightful. The key is passing on knowledge, whether bullish, bearish, or neutral. And I hope we continue to be able to absorb this information, as along with having a teacher spreading knowledge, it takes having good students.
Thanks everyone!
(And thanks to those of you who normally start these threads. It's a bit of work, and I'm sure it's even more work to do well. THANK YOU!!!! Especially Since84 and chinacat, who start them nearly all of the time)