I spent some of my travel time carefully re-reading a book called Buffett the Making of an American Capitalist. Buffett’s feats of wealth creation are truly extraordinary. And his methods are well chronicled and can be copied. Few bother to try.
A plan is starting to gel in my mind to somehow get together a pool of money to be invested in ways that copy Buffett. More details will follow although it could be a few years yet before I get this off the ground.
It was a strong day for our stocks. Berkshire up 1.6%. Not really any big gainers but certainly most of our stocks were up.
I have little cash in my accounts. I will look tomorrow to see what I might trim to raise some cash, maybe Shaw and Walmart, not sure yet.
Final thoughts on Manhattan as we left this morning.
LaGuardia Airport is so close to downtown, it is great. The airport is old and crumbling. Yet it was very functional and we fairly whizzed through security. The flight left a bit early! And this was Air Canada.
As far as businesses in Manhattan and especially Times Square. Well known brand names are what people flock to. Many independents are there but the brand names are gaining ground. That applies to just about everything. Hotels, drugstores, candy stores, jewelry, restaurants, clothing. Both brand name stores (Macys, Saks, Levies..) and brands themselves do very well.