This is a ChatGPT-free Zone
JPM posted their 2011 annual report last night and as usual it’s a great read. It’s probably the best annual report written out there (other than Warren Buffett’s). I know a lot of people are skeptical of what corporate executives say. They say, “you actually believe what these CEOs tell you?!”. Good point. But what…
OK, so I took a closer look at the Singer operations in Bangladesh and Sri Lanka (this is a post-script to the Retail Holdings post). Sum of the parts is a good and fine, but if the underlying stocks are overvalued or trading at silly levels, then it doesn’t matter if something is trading at a…
Here’s an interesting ‘liquidation play’ I’ve had for a while (paid $10/share or so a while back) but still might look pretty interesting. Retail Holdings (ReHo/ RHDGF) is just a holding company that owns 56.2% of Singer Asia, which is just another holding company that holds shares in Singer Bangladesh, Singer Sri Lanka, Singer Pakistan,…
Goldman Sachs published a lengthy report recently saying that the stock market is a buying opportunity of a lifetime. Of course, the bears are out tearing apart the argument piece by piece. I’ve read the report and some of the very well articulated counter-arguments. First of all, some are laughing at Goldman Sachs’ report saying that it’s…
So I did mention that I bought BAC (Bank of America) LEAPs earlier this month. I am a big fan of financials at these prices but haven’t been the biggest fan of BAC. Goldman Sachs (GS), JP Morgan (JPM) and Wells Fargo (WFC) are much better managed, much solider firms and are very cheap (especially GS now…
I typed this up in late February and just found it as a ‘draft’ in my blogger. I thought I posted it already but didn’t. So here it is: So Buffett has a nice tutorial on investing in the most recent letter to shareholders (2011), available for free at the Berkshire Hathaway website. He says…
The financials have really exploded this year as unemployment and other economic figures continue to show some decent recovery. Europe doesn’t seem like it’s going to blow up tommorow. China seems to be going into a hard landing but China might be a laggard to what has happened in the U.S. and Europe in the…
So the market has come up quite a bit since last fall when I made a bunch of posts showing that the market was reasonably valued and there was too much pessimism. I think the market still looks and feels fine. There are people who say it’s getting bubbly and bullish consensus is too high,…
Markel’s annual report was released and it’s a pretty good read. For fans of Berkshire Hathaway, this is a company that is following a similar model; insurance company with emphasis on underwriting profits instead of premium growth, investing float unconventionally (more equities than most insurance companies) and is even starting to invest in operating businesses…
So J.P. Morgan had their investor day yesterday and Dimon was pretty optimistic about J.P. Morgan and even the economy (I wasn’t there). He does see a lot of businesses so has a good feel for what’s actually going on in the economy than economists that just sit around inputting data they get from the…