This is more than a year out of date, but I’m sure you all noticed that Alleghany was bought by BRK for $850 for cash. I wrote about this company here for a long time, and it was one of my favorite companies to watch / follow, even though I did consider them a bit…
Quality at 10x P/E!
OK, so you guys can laugh at me. Having said what I said in the other post (you would have to sacrifice a lot to find a 10x P/E stock in a 20 P/E world), here are some really good companies for 10x P/E. I didn’t write the last post to set this one up…
Graham and Dudville
Value Funds Holy cow, I haven’t been reading or keeping up with much in the value investing world. As part of my catch up, I plan on reading letters from the various value funds and things like that. One of the first ones, of course, was Sequoia Fund, and I was shocked at how poorly…
Mac Conversion
Oh, one thing that changed since the last time I was more active here is that I am now a complete Apple fanboy. OK, maybe not really, as I don’t wait in line for hours for anything. But I used to be 100% Windows but now I am sort of all mixed up. I have…
The Markets, BRK Annual Meeting, AI Mania etc..
The Markets OK, so let’s talk about stocks. I will look into things a little more later, but for now, I will just let you guys know that not much has changed in my thinking. As long as the market is within what Buffett years ago called the “zone of reasonableness”, I don’t worry too…
Blog Migration!
So, I have migrated the blog from Blogger to this new WordPress blog. I know, it’s 2023, and here I am with a WordPress website. How do you spell Luddite? Nowadays, people just put up a Youtube channel or podcast. I know that too, but you won’t ever get me to do that, lol… I…
BRK 2021 Annual Meeting
So, like many of you, I watched the BRK annual meeting (replay) as usual. It was nice to have Ajit and Greg join Buffett and Munger on the stage. Buffett and Munger both looked great, and it was good to see that duo in action again. There were a few interesting things this time. This…
Happy New Year! Bubble Yet?
What a year it’s been. Crazy. And what a crazy year it already is so far. I haven’t been posting much because there hasn’t really been much to say. Like everyone else, I am doom-scrolling and wondering when this nightmare will end. I have no particular view on how Covid will play out, so…
Sogo Shosha
Not quite a whale, and pretty small investment, but interesting nonetheless. As usual, people are trying to read all sorts of things into this investment, from bullishness on Japan, bearishness on the U.S., the U.S. dollar, inflation hedge / exposure to natural resources etc. It almost feels like nobody ever reads anything Buffett writes. He…
Is Buffett Really Bearish?!
So, with Buffett dumping airlines, JPM and not jumping into the markets in March, is he really all that bearish? His cash keeps piling up to the frustration of long time Buffett fans. March Decline First, I would have to say that the March decline was pretty quick. It crashed, and the market bounced back…