This is a ChatGPT-free Zone
OK, so this is really a strange coincidence. I was honestly thinking about making a post about Exxon Mobil (XOM) recently. Of course, noone will believe me; they will think I am just posting this because of Buffett. Well, yes. I like to post about Buffett’s picks because why not? He is the greatest investor ever. …
So Ted Weschler, one of Berkshire Hathaway’s (BRK) new investment managers made some news recently. He bought 3.7 million shares of DaVita HealthCare Partners (DVA) after their dreadful 3Q conference call in which Thiry (DVA’s current and long time CEO) said that the outlook for 2014 is worse than they had anticipated, and the hit to…
After such a huge rally since the great recession, and now after a huge runup this year people are wondering what to do with their money. Many are afraid that the markets will tank as they are getting bubbly and there will eventually be tapering that will most certainly be devastating to the markets. But…
So I read a book, make a post about it and all sorts of ideas start coming out. This is another thread that comes out of that and I am going to pull it to see where it goes (thanks to the person who mentioned this in the comment section in the other post). I…
OK, so this is another extension of the footnote to the book post. Someone mentioned in the comment section that Colfax (CFX) is the younger analog to Danahar (DHR) and it is owned by some Tiger cubs and BDT Capital, a firm run by Byron Trott (Buffett’s investment banker). Here’s the 2013 ownership section from the 2013…
OK, so I’ve known about Henry Singleton and Teledyne for a long time. Buffett has said that he was the greatest capital allocator of all time. Since I read the outsider CEOs book I got to thinking about Teledyne again. I am embarassed to say that I have the book, Distant Force: A Memoir of…
So this is sort of a footnote to the previous post about a really great book. (The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success. ) In chapter one (page 34), Thorndike mentions the TransDigm Group (TDG) as a contemporary analog for Capital Cities. TDG has grown cash flow at 25%/year since…
This is old news as this book was recommended by Warren Buffett in Berkshire Hathaway’s 2012 annual report. I knew it was going to be a great book, but it was sitting in my big pile all year until this past weekend. Once I started reading it, I couldn’t put it down. Not surprisingly, it…
So Liberty Media (LMCA) had their investor day last week. I wasn’t there but the investor day webcast is available with a slide presentation at the LMCA website. There was some fun stuff in the beginning (with a disturbing slide of Greg Maffei doing some sort of dance) and then Maffei (LMCA), Meyer (Sirius XM), Rutledge (Charter)…
So this valuation thing has been nagging at me all weekend so I just decided to take a quick look at something. Since the S&P 500 index is too big and unwieldy and I don’t have access to data, I just decided to take a look at the Dow. Last time I looked at margins…