"I think Warren is an old fool."

He's not that old, and not that much of a fool. Also note that although Buffett is the front man, BRK is run by two individuals Warren Buffett and Charles Munger. Both are responsible for important decisions.


"Someone flips a coin ten times and guesses right ,that is Warren.He hit that end of the bell curve,nothing more."


Would you say the same thing about Stuart Unger?How many times would someone have to guess the outcome of your coin flipping experiment before you would say they were not just lucky? Separating luck from skill is a hard thing to do, Buffett has been lucky since the mid 1960's. Will he be lucky in the future?


"I thought he was a "value investor" How

could he not sell Coke when it was in the $80.00 range."


BRK owns about 15% of KO. It would not be possible for Buffett to unload that much stock, even over a long period of time. Look at Janus trying to deal with redemptions. The other issue is that the large holding in KO gives BRK control of the board, an advantage not reflected in the price of a single share. Also note that if the dollar collapses in value KO may seem like a good investment again.