Warren Buffett’s Letter to Newly Acquired Publishers and Editors ($MEG)
Two weeks ago, Warren Buffett’s Berkshire Hathaway purchased 63 daily and weekly newspaper titles from Media General (NYSE: MEG) (press release). In the letter below, Buffett welcomes the... Shared:...
View ArticleDividend Growth Stocks: 2012-Q4 Performance Review
After each quarter-end, I review my asset allocation and year-to-date total returns by category. The attached PDF contains my actual asset allocation as of 2012-Q4. Below is a high-level summary of the...
View ArticleWarren Buffett Now Winning $1 Million Bet Against Wall Street
It took five years, but Warren Buffett takes lead in a 10-year wager against Wall Street "experts." Shared: Twitter: 136 LinkedIn: 11 Facebook: 202 Original news source
View ArticleBerkshire Hathaway Requests Examiner in the Rescap Case
Berkshire Hathaway has filed a request for an examiner in the Rescap bankruptcy. From the Rescap docket:"Berkshire, which has for several years held in excess of 50% of ResCap’s outstanding unsecured...
View ArticleHow to Become Super-Rich?
My main goal this evening is to discredit those who tell you that you can get rich quick by investing in the secondary markets. That won’t work. It sort of worked for Buffett, but a lot of his success...
View ArticleGrey Owl Capital on the Role of Cash in a Portfolio
Jeff Erber and Grey Owl Capital are out with their fourth quarter letter to investors. In it, they highlight how they started to move more cash into equities in Q4 and have continued to do so in 2013....
View ArticleOne of Warren Buffett's Greatest Trades
On May 29th, 1969, Warren Buffett wrote to the limited partners of the Buffett Partnership, stating:"The investing environment I discussed at that time (and on which I have commented in various other...
View ArticleNotes From Charlie Munger's Daily Journal Meeting
Some of you may be unaware that Warren Buffett's partner at Berkshire Hathaway, Charlie Munger, has aided in the management of The Daily Journal (DJCO) portfolio where he's the Chairman. Munger spoke...
View ArticleEmerging Hedge Fund Manager Series: Vanshap Capital
A few years ago, Distressed Debt Investing interviewed the team from Aegis Financial as part of our Emerging Manager Series. In mid 2012, I spoke with Evan Vanderveer and David Shapiro who let me know...
View ArticleBerkshire Hathaway & Variable Annuities
Personally, I did not have an outline when I began this series. If I had decided to create a “story arc” it would ended with part six, which led to my becoming the corporate bond manager, but I will...
View ArticleSorted Weekly Tweets
Rest of the World IMF: Canada could make case for more interest rate cuts http://t.co/Zd3zmMUH IMF peddles snake oil2Canada, lower rates would b a disaster $$ Feb 15, 2013 Why Venezuela’s Devaluation...
View ArticleAnother Note on the Purchase of Heinz
I’ll keep trying until I get it right. Aside from the terms of the warrants, most of the deal terms are known in terms of quantities, if not prices. What I present benefits considerably from a...
View Article3G and Berkshire Hathaway Buying Heinz
It’s been almost two weeks since the deal was announced but it seems like only yesterday that Warren Buffett bagged another elephant. But with nearly 50 billion in cash at the end of 2012, it was time....
View ArticleBuffett Disappointed With Berkshire's 'Subpar' 2012
Buffett remains confident Berkshire's value will "over time surpass the S&P returns by a small margin." He's still on his "search for elephants." Shared: Twitter: 74 LinkedIn: 0 Facebook: 6...
View ArticleComments on the Berkshire Hathaway Annual Letter
I’ll let Buffett speak, and I will add a few comments. When the partnership I ran took control of Berkshire in 1965, I could never have dreamed that a year in which we had a gain of $24.1 billion would...
View ArticleSorted Weekly Tweets
Berkshire Hathaway $BRK.B The preferred has 2 other features that materially increase its value: at some point it will b redeemed @ a significant premium price Mar 01, 2013 …the preferred also comes...
View ArticleWarren Buffett's Annual Letter: Berkshire Hathaway Annual Report 2012
Many investors consider Warren Buffett's annual letter a must read so without further ado, embedded below is Berkshire Hathaway's 2012 annual report:var docstoc_docid='147670732'; var...
View ArticleA Few Notes from the Berkshire Hathaway 10K
Letting the document speak, here are a few notes, starting with with the most significant part of the risk factors: Investments are unusually concentrated and fair values are subject to loss in value....
View ArticleShare Sleuth's notepad: At Fundsmith's annual meeting
It’s unusual for a fund to have an annual meeting, but Fundsmith is an unusual fund and it’s the only fund I own. Yesterday I joined fellow fundholders to hear what the father of share sleuths, Terry...
View ArticleNeglected Stocks Are Typically in Strong Hands
Neglected stocks — I measure it by the ratio of market cap to average dollar volume. 15% of my portfolio is allocated to such stocks, but I would be happy for it to be 50%, if not more. Many of my...
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