New Book Recommendations From Warren Buffett
If you missed it, Warren Buffett's annual letter was released recently and in the Berkshire Hathaway 2012 annual report was a recommended reading list from the Oracle of Omaha himself.New Books...
View ArticleRuane Cunniff Goldfarb: Sequoia Fund Annual Letter 2012
Catching up on a few more notable 2012 annual letters, we turn next to the Sequoia Fund run by Ruane Cunniff & Goldfarb. An investment of $10,000 at inception in 1970 has grown to over $168,000...
View ArticleA Letter to Warren
In valuing companies or indexes, one must look at the earnings or cash flow statements, and the balance sheet. The former are flow measures, measuring performance over a period, versus the balance...
View ArticleBuffett’s Career in Less Than 1000 Words
This post is at the behest of my friend Tom Brakke of The Research Puzzle. It is meant to briefly describe how Warren Buffett’s investing changed over the years. Compounding Capital The basic idea of...
View ArticleSorted Weekly Tweets
When I worked for Pacific Standard, which had the dubious distinction of being the largest life insurance insolvency of the 1980s, I had few investment-related tasks. Investments were handled by the...
View ArticleWhitney Tilson's Kase Capital Q1 Letter: Pitch on Deckers, Sears Hometown &...
The hedge fund duo of Whitney Tilson and Glenn Tongue split up last year and now Tilson is managing his Kase Capital solo. He just sent out his first quarter letter to investors where he outlines two...
View ArticleDividend Growth Stocks: 2013-Q1 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 2013-Q1. Below is a high-level summary of the...
View ArticleWarren Buffett's IBM Stake Drops $1.2 Billion in Value
The value of Berkshire's Big Blue stake gets cut in half. Shared: Twitter: LinkedIn: Facebook: Original news source
View ArticleRare Interview with Charlie Munger
This weekend is Berkshire Hathaway-palooza and as a part of that, CNBC sat down with Charlie Munger for a rare interview that we wanted to highlight.He thinks things are "suboptimal" right now and...
View ArticleSorted Weekly Tweets
I’m going to comment on three articles written before Buffett’s party. I am not picking on these because they are dumb. I am picking on them because they are brighter than most, but still don’t get...
View ArticleOn Questions to Buffett
I’m going to comment on three articles written before Buffett’s party. I am not picking on these because they are dumb. I am picking on them because they are brighter than most, but still don’t get...
View ArticleBerkshire Hathaway Slightly Reduces Tesco Position, Sells More Moody's
Warren Buffett's Berkshire Hathaway has been active in selling shares of some positions recently. The latest news is that Berkshire seems to have very slightly reduced their position in UK's...
View ArticleBest of the Aleph Blog, Part 21
These articles appeared between February 2012 and April 2012: We Eat Dollar Weighted Returns — III What did a buy-and-hold investor get owning SPY? 7%/year. What did the average holder get? 0%. A...
View ArticleSorted Weekly Tweets
China Pettis: I would argue that until Beijing has cleaned up its debt problems and its very unstable balance sheets, it cannot move quickly. $$ Pettis: Reducing the [interest] subsidy by raising...
View ArticleBuffett's Berkshire Eliminates Two Small Stakes
Buffett's company sells two small stock stakes. Shared: Twitter: 22 LinkedIn: 5 Facebook: 21 Original news source
View ArticleWhy Moody's Won't Downgrade Berkshire Hathaway
The reason might not be what you think. Shared: Twitter: 38 LinkedIn: 3 Facebook: 3 Original news source
View ArticleSorted Weekly Tweets
US Economics For all the debt, there’s a shortage of bonds stks.co/cUj1 There isn’t a shortage of bonds, but of yield w/reasonable safety $$ FED Very Low Inflation Panic Button: Soon DEFCON 2...
View ArticleWhat to Do When Things are Nuts?
I have not been a fan of this rally, and I have been selling into it. I do have a rule for equity clients — cash never goes above 20%. I have been close to that recently, and after rebalancing some...
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 ArticleBuffett, With His Magic Touch, May Be Irreplaceable
The ability to make acquisitions on favorable terms is a testament to Mr. Buffett's personality and skills as a deal maker. The New York Times reports. Shared: Twitter: 43 LinkedIn: 8 Facebook: 37...
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