Comments on: Shai Dardashti Delivers a Question to Warren Buffett

By: Warren Buffett Responds to Shai Dardashti’s Question - Fat Pitch Financials

Fri, 20 Apr 2007 10:50:37 +0000

[...] value investing blogger turned private capital manager, Shai Dardashti asked Warren Buffett a very interesting question in a hand delivered letter this past January. Amazingly, Shai received [...]

By: links for 2007-01-26 » Personal Finance - Save Money at Binary Dollar

links for 2007-01-26 » Personal Finance - Save Money at Binary Dollar — Sun, 28 Jan 2007 22:12:11 +0000

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By: George

George — Fri, 26 Jan 2007 03:47:32 +0000

javasoy and Max, thanks for mentioning special situations. I think Buffett might actually have 3 categories of investment styles. His third approach is to take advantage of special situations. I’ll email Shai to see how he fits Buffett’s special situation investing into the “latticework of mental models” that he discusses.

By: Max

Max — Thu, 25 Jan 2007 16:49:54 +0000

My guess would be, that if Buffett had only a few million to manage, he would invest in the very small, very cheap”Daehan Flour” companies. Either that, or small/unknown special situations (like going privates). There’s a lot less competition in these areas.

By: javasoy

javasoy — Thu, 25 Jan 2007 06:58:35 +0000

Boy that was one heck of a letter. I too often ponder the same question that he did about the two approaches. On top of these two, I understand that the young Buffett often participate in “work-outs” — risk arbitrage, special situations… etc. Given the size of BRK, I don’t think he’s interested in peanut size profit from special situations these days.