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The Financial Benefits
of Being an Expat.
Every week in this article Helen Couldrey, a financial
consultant with the deVere
Group, and also a qualified
English lawyer, will give you
tips and ideas of how to take
advantage financially of being
an expat. Helen has clients in
Bangkok, Hua Hin and ChaAm who she helps to maximise
the financial benefits of living
overseas.
Letters to shareholders. - an ode to
warren buffet
This August 30th is Warren Buffet’s birthday, so what
better time to pay an ode to one of the best investors
of all time.
Buffet, born in 1930, Nebraska USA, is renowned for
his investing and business acumen. As I write this
the current going price for a share in his company,
Berkshire Hathaway, is $205,000, which is the same
price as a family home in some parts of America. This
is quite a difference from the original $7 price in 1962!
With share prices stepping over the $200,000 mark,
the company is valued at about $322 billion which,
astonishingly, is about the GDP of a country the size
of Denmark!
In addition to founding one of the largest US companies
ever, Buffet is also well known for his frugal attitude
when his own spending style is concerned. Despite his
riches, he is noted for trying to maintain a relatively
simple lifestyle and his philanthropist side shone
through when he pledged to dedicate around 99% of
his personal wealth to needy causes.
As a result of his experience and success, (not to
mentioned his infamous style of straight talking), Mr
Buffet has provided useful nuggets of financial advice
over the years, whether through articles, speeches or
his letters to shareholders. Here are a few snippets that
I have found particularly thought provoking.
CHA-AM AND HUA HIN
Retirement Planning - Education Fee Planning
Regular Savings - Tax Saving
Lump Sum Investments
Helen Couldrey, BA (Hons), L.L.B, CISI
Contact Helen for a finance review
086 088 2127
helen.couldrey@devere-group.com
• THE COMPANY IS MORE IMPORTANT THAN
THE PRICE
“It’s far better to buy a wonderful company at
a fair price than a fair company at a wonderful
price.”
• BAD THINGS AREN’T OBVIOUS WHEN TIMES
ARE GOOD
“After all, you only find out who is swimming
naked when the tide goes out.”
• IDIOT-PROOF YOUR INVESTMENTS
“I try to buy stock in businesses that are so
wonderful that an idiot can run them. Because
sooner or later, one will.”
• ON WALL STREET ADVICE
“Wall Street is the only place that people ride to in
a Rolls-Royce to get advice from those who take
the subway.”
• PRICE AND VALUE ARE DIFFERENT THINGS
“Long ago, Ben Graham taught me that ‘Price is
what you pay; value is what you get.’ Whether we’re
talking about socks or stocks, I like buying quality
merchandise when it is marked down.”
And when one of the richest people in the world gives
out advice, it’s definitely worth listening to.
Happy birthday, Warren.
• THE GOLDEN RULE OF INVESTING
“Rule No. 1: never lose money; rule No. 2: don’t
forget rule No. 1”
• TIME IS ONLY GOOD FOR SOME
“Time is the friend of the wonderful business, the
enemy of the mediocre.”
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