Is there anyone living you would pay $16k to eat lunch with?

gonores · #1 12-19-2005, 07:25 PM

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.

[censored] · #2 12-19-2005, 07:29 PM

[ 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.

Blarg · #3 12-19-2005, 07:45 PM

[ 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.

gmrankin · #4 12-19-2005, 07:47 PM

I'm going to go with the my porn corrupted/infested mind and say Pamala Anderson, but only if she was naked, i could eat off of her and recieve a happy ending for dessert?? You only live once

gonores · #5 12-19-2005, 07:45 PM

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.

Ulysses · #6 12-19-2005, 07:52 PM

gonores,

That's a pretty silly post. Makes you sound both arrogant and ignorant, imo.

You vastly overestimate how much you're going to take away from a lunch w/ Buffett.

You will get far more out of reading and studying his writings/actions than having lunch with him.

It's not like you're going to have lunch and he'll be like "well, gonores, here's my tip. My team has been working hard analyzing every company around and CRUNK!!! Energy Drink is definitely going to be the next Coca-Cola. Get in now!!!!!"

Edited to add: If this were something like 16k to be an intern/assistant to Buffett for a year, whole different ballgame.

Gunny Highway · #7 12-20-2005, 09:26 AM

[ QUOTE ]
You vastly overestimate how much you're going to take away from a lunch w/ Buffett.

You will get far more out of reading and studying his writings/actions than having lunch with him.

It's not like you're going to have lunch and he'll be like "well, gonores, here's my tip.

[/ QUOTE ]

You might be underestimating what you can learn from him in an hour or two, El D. Also, i think a stock tip is part of the lunch thing. [img]/images/graemlins/smirk.gif[/img]

LearnedfromTV · #8 12-19-2005, 08:32 PM

[ QUOTE ]
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.

[/ QUOTE ]

This was my first thought too. There was a charity auction a while back that got way more than 16K, by the way.

Also, whoever said "just read the Intelligent Investor, it has his whole investment philosophy" is *far* from correct

Which is not to say that the lunch would be worth 16K unless you have significantly more than 16K in investable assets. Like several hundred thousand at the minimum. I'm sure an hour conversation could make you a notch or two better as an investor, if you already know what you are doing and ask the right questions, but it's not like he's giving away a monster tip or a magic formula. Anyone who has followed his career should know that.

My answer to the OP is no one. If i had a couple million, there might be a few.

Ulysses · #9 12-19-2005, 08:38 PM

L4TV,

What exactly are you going to get out of this lunch that will make it worth the 16k?

Edited to add: The reason people pay that much in a charity auction to have lunch w/ Buffett is to give to charity and get a tax deduction and have lunch w/ Buffett, not to get 16k+ worth of investment advice.

Edited again after L4TV's edit to add: If an hour lunch makes you a notch or two better investor, then you were probably a pretty crappy investor to begin with and it is highly unlikely you would really be able to take advantage of whatever information he is discussing.

LearnedfromTV · #10 12-19-2005, 08:40 PM

[ QUOTE ]
L4TV,

What exactly are you going to get out of this lunch that will make it worth the 16k?

Edited to add: The reason people pay that much in a charity auction to have lunch w/ Buffett is to have lunch w/ Buffett, not to get 16k+ worth of investment advice.

[/ QUOTE ]

I agree. Edited my post while you were writing.