Saturday, August 19, 2006

The Guru = Warren Buffett (a.k.a. Sage of Omaha)

With numerous references to The Guru on this blog, I reckon I should give a proper introduction to the person who made this blog's existence a reality. This is really for those who are asking yourselves, "What the heck is Warren Buffett?".

Warren Buffett is not a kind of eat-all-you-can buffet typically charged at $25+++ in Singapore restaurants. Warren Buffett is the world's 2nd richest man and the world's first person to donate 85% of his enormous wealth (which is roughly USD 40bn or 40% of Singapore's GDP) to charity. Imagine the whole of Singapore donating 40% of their salary to NKF.

He is also a practitioner in a style of investing known as Value Investing which has made a handful of people very rich. This is the reason why it is promoted on this blog.

For a detailed biography of Warren Buffett, try googling him or alternatively you can go to this link at Wikipedia on Buffett. No, I am sorry, Warren Buffett does not have a blog. He only tried going online a few days ago to play bridge with other people not living in Omaha, which is somewhere in the middle of nowhere in US.

See also Mr Market
and Margin of Safety
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