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Denbury Resources Inc. Message Board

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  • Thanks, probably just a reflection of what I have learned reading the comments on this board. Just looked at an interview with Buffet on CNN Money.com with Fortune. They asked how he gets his ideas and he say he reads all day. He started with the point that the efficient market theory is not always valid, gave an example of buying auction rate securities. He always has a way of boiling things down to their essence. The thing that jumped out at me is if Buffet can't understand the complexity of current finance, how could we mere humans do it. He says you really have to rely on the skills/integrity of the CEO. And he said he doesn't rely on macro data in his decisions. But he does emphasize that being greedy when everyone else is fearful is a good strategy.

 
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