Some thoughts after watching Warren Buffet's video clip

Youtube is definitely one of the best tools that people can currently use online. I have been reading this book "Intelligent Investor" by Ben Graham. Honestly, I never thought about reading this book before getting to know about him in the wiki that talks about Warren Buffet on wikipedia. This is afternoon, I was watching some of his Q and A's with a bunch of MBA second year students at U of Florida. He was definitely a character to watch. You never know who he is, unless you really keep track of the "Oracle of Omaha". In the videos, he was definitely preaching about what we all know so far about his ways of investing which is value investing. He was talking about his proud acquisition of Coca Cola and the reason why he bought into the company. There was this one question that he suggests that we all ask before planning to buy any shares of a company. We should all have a concrete reason behind our stock acquisition of a company. His words sounds so differently that the words that I normally heard from the Malaysian "so-called" investors. Maybe there are investors in Malaysia, but I believe the majority of the shareholders in not only Malaysia but in the world are speculators. Not many of them take into account the story behind the stocks that they bought. With a rough view on Malaysia's market, it is definitely gonna take a lot of work to discover a real value buy in this market because many companies in Malaysia hardly expand in a great pace like many great corporations in the world. For example, there is Genting who maybe the sole casino in Malaysia, however, 10 years down the line, Genting may not have a huge growth in their profit because there are so many new casinos in the Asian region. Well, in "the Intelligent Investor", Graham believe that people will be able to discover the so-called "cigarette butt" shares as long as they are willing to invest their time and effort to study the business of a company before buying a part of the business. I am really interested to find out whether my No 2 did enough homework on studying about the businesses of a company before he acquired them in the late 90's.