UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: emiller8988 Big red star, 1000 posts Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 46889  
Subject: Re: Listening to free cash flow Date: 5/5/2005 6:52 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
Mr BuffettJR... your dad can keep my cash .... BUT... if you think a dollar in your pocket is worth as much as a dollar you are owed and might get... I've got a brother-in-law who wants to do business with you.

There is an ocean of difference between retained earnings and RETURNED EARNINGS and you need to remember that.

Warren Buffett is a manager of money... not business. For him to retain earnings is really for him to do the job you hired him to do... manage your money.

For Tome Seibel, one of the grossest abusers of ESO's I ever saw, to retain my earnings... for me to trust him to "do the right thing" with me money is lunacy.

free cashflow is a poor proxy for the thing that produces all value in equity... that is money returned to the shareholder. Money returned is the sole reason to own any business, be it a corner dry cleaner right up to MSFT.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Saul's Investing Discussions

Gilead Sciences CC Thoughts
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.