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#14
12-19-2005, 07:25 PM
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Re: Is there anyone living you would pay $16k to eat lunch with?
Sorry to come up with the right answer and ruin your thread.
Warren Buffett Lunch with him would be worth $16k to practically everyone on this board (assuming you would be smart enough to listen to him)...easily. 
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#15
12-19-2005, 07:29 PM
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Re: Is there anyone living you would pay $16k to eat lunch with?
[ QUOTE ]
Sorry to come up with the right answer and ruin your thread. Warren Buffett Lunch with him would be worth $16k to practically everyone on this board (assuming you would be smart enough to listen to him)...easily. [/ QUOTE ] You really think you would learn more from him in one lunch then you would say spending $20 on The Intelligent Investor and reading it? I just don't see what information he would and could give out that would be all that ground breaking. His basic investing outlook can be found in the above book. I guess if you got a few really good tips it could be worth it but from what I've read about him, this seems highly unlikely when it comes to information that is not already within the public domain.
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#17
12-19-2005, 07:34 PM
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Re: Is there anyone living you would pay $16k to eat lunch with?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] I saw some blurb on ESPN about a guy paying more than $16K to have lunch with the old Redsox GM. I think this is crazy myself (i'm sure its going to charity so I guess that makes it better) I was trying to think of anyone living today that I would spend $16k to have a one on one lunch with. I'm having a hard time because I don't really see it being that great of an experience. Sure it would be awesome to be able to completely pick someone's brain or develope sometype of networking or friendship with them. But I just don't see either of these things happening in these situations. Rather I think you get 45 minutes of small talk and a handshake. The closest I can come up with is perhaps with an author I really like? I think the chances of having a really interesting conversation are at least decent and he/she probably wouldn't be so famous as to be completely unable to relate to you. Thoughts? [/ QUOTE ] i hate to bring math and logic into OOT but the utility of money is less for those with more and more for those with less. lets say the person in question paid 16k out of his 16million avaiable wealth. thats 0.1% of his wealth. now lets say your avaialbe wealth is 20k. so now, is it worth $20.00 to you to have lunch w/ the GM guy? -Barron [/ QUOTE ] If you're going to take this line, at least be right. $20 to the guy with $20k is not the same as $16k to the guy with $16M. A better move would be to just not answer the question this way. [/ QUOTE ] if you have a constant utility function then it is. in reality probably not, but my hyperbole just shows the point im trying to make, and that is: the guy who pays 16k to eat lunch with somebody is paying what he thinks that lunch is worth and likely has a shitload of money. asking OOT about who they'd pay 16k to eat lunch with can't be compared to the guy who paid 16k in actuality to eat w/ the GM guy. Barron
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#18
12-19-2005, 07:43 PM
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Re: Is there anyone living you would pay $16k to eat lunch with?
[ QUOTE ]
Sorry to come up with the right answer and ruin your thread. Warren Buffett Lunch with him would be worth $16k to practically everyone on this board (assuming you would be smart enough to listen to him)...easily. [/ QUOTE ] I couldn't afford to buy even one share of Berkshire Hathaway. His advice would be of minimal use to me.
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#19
12-19-2005, 07:45 PM
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Re: Is there anyone living you would pay $16k to eat lunch with?
[ QUOTE ]
[ QUOTE ] Sorry to come up with the right answer and ruin your thread. Warren Buffett Lunch with him would be worth $16k to practically everyone on this board (assuming you would be smart enough to listen to him)...easily. [/ QUOTE ] You really think you would learn more from him in one lunch then you would say spending $20 on The Intelligent Investor and reading it? I just don't see what information he would and could give out that would be all that ground breaking. His basic investing outlook can be found in the above book. I guess if you got a few really good tips it could be worth it but from what I've read about him, this seems highly unlikely when it comes to information that is not already within the public domain. [/ QUOTE ] Once you get to this stage, you're more a cult than a man. It would be enough to sit in contemplation of the Lord.
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#20
12-19-2005, 07:45 PM
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Re: Is there anyone living you would pay $16k to eat lunch with?
For me, it'd be a no-brainer. With the basic investing sense I already have and my current net worth, combined with future earnings potential, I'd know how to get my $16k worth out of that lunch.
I guess I may have overestimated how many people would be making a +EV decision by eating lunch with Buffett, but if you knew what to ask him and what to do with his answers, you don't need much in terms of assets to make him worth your while. There are a lot of smart people who work very hard to make sure Mr. Buffett's money is well-invested. I definitely think the work put into those decisions, combined with Buffett's knowledge and hard work is worth more than 16k.
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