A lot about investing is about finding the right people. If you can find smart people to run your money and just give them the money, that’s a good thing. This is why I like to follow companies that are run by outstanding management with a long history of outperformance. Of course, Buffett’s Berkshire Hathaway…
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Buffett Editorial in the New York Times from October 2008
In the midst of the financial crisis in October 2008, Buffett published this editorial in the New York Times. I keep saying this won’t be a Buffett fan site or anything like that, but I do think this is an important editorial that applies today too and I thought I would post it here, ‘for…
Microsoft
Here’s a just a quick note on the cheapness of Microsoft (MSFT). Microsoft is a controversial stock; some feel it has great value and others feel it is a value trap, an old dinosaur on it’s way out. David Einhorn among other notable value investors have taken a decent stake in this company. The primary…
Berkshire Hathaway at Book Value?!
OK, I really have no intention of turning this blog into a Warren Buffett fan site or a Berkshire Hathaway (BRK) information aggregation/news site or anything like that. There are tons of those things out there and many are very well done. BUT, having said that, I can’t not mention an astounding thing going on in…
J.P. Morgan at Tangible Book
I was reading a recent issue of Grant’s (August 12, 2011) and he reminds us that J.P. Morgan Chase (JPM) is trading at close to tangible book value per share. He also quotes Jamie Dimon, one of my favorite CEOs as saying in April, “Your company earned a record $17 billion in 2010, up 48%…
Theme Investing, Good Idea?
When you have been in the investment world for a long time, you realize that every era, people get caught up in all sorts of ‘themes’ and ‘stories’. Back in the early 80s, it was technology. There was a technology boom that ended in a bust. This happened in the 60s too, with many companies…
The Perils of Trying to Time the Market
There has been a lot of bearish talk lately (or in the past few years) about how hopeless things are. Someone posted a link to a very well done analysis by Comstock Partners. The conclusion was that there is too much debt around the world, soveriegn debt is a big problem, consumers have too much…
Why Value Investors Like Apple
OK, this is supposed to be a value investing blog and my first three posts are about tech stocks. Hard to believe. I don’t like technology, but if that’s where the cheap things are, that’s where I’ll look. This is just a quick note on how cheap the stock is. A quick look at Apple,…
Julian Robertson on CNBC
I don’t intend this blog to be a guru watch sort of site where I post links to articles, interviews and other information on my favorite investors. There are a lot of websites/blogs that do that. But I will mention things when they are relevant to some things I mention here. Julian Robertson says in…
Is Google Cheap?
I usually don’t invest in or look at technology companies as the rate of change in that industry is way too fast for me to figure out what anything is worth. One day, Yahoo! is king, and the next, it’s Google and Yahoo is an old has-been. One day the Motorola Razor is the must-have…