stlplace

(Update March 15) Remove Bill Miller from the Masters list. His holding Countrywide Financials, Sprint, Bear Stern blew up one after another. Although his 15 years streak to beat S&P is admirable, but 3 strikes in a row, not that impressive. I gave him a rating of 4.5, between good fund managers and masters […]

Peter Lynch once described our human’s psychology about stock market during different cycles, in his book One Up on Wall Street. I remember he used a party as an example, and he looked at the number of people approached him (people know he is a fund manager), and the amount of conversations about stocks, as […]

In this bear market, we can watch Cramer, read WSJ, Yahoo Finance, Google Finance etc. But all this can not substituted “reading what the real masters are thinking”.
With that in mind, here is Buffett’s talk about US economy Money available, cheap, due to rate cuts, quote the article:
Buffett said that what has taken place […]

at this time.

I was excited about shorting EDU or APPL (buying puts) after Tuesday’s MacWorld keynote and New Oriental disappointing earning news. I hoped to cover some of my loss from LFT (and to a less content CROX) by shorting the stocks, now that the market appears controlled by the bears. So I went […]

What a day. I mean the stock market. Monday IBM gave us some good news. Today neither Citi nor Apple (and New Oriental if I may add) sent out re-assuring news, and the market (both Dow and Nasdaq) tanked…
These days I started to read the Buffett shareholder letters date back to year 1978.
I […]

I know no broker offer this as an option in IRA. But how about buying Berkshire (BRK.A, BRK.B) over mutual funds in a taxable brokerage account? Not only does Berkshire has a track record which beats almost all mutual fund (21.4% annual compound return in last 42 years) and the 10.4% annual return of S&P […]

and he had done it for 47 years (maybe not every year, but compound annual return), that’s pretty good.
The following is quoted from Buffett 2006 shareholder letter, you can get the full letter at Berkshire web site:
……
Let me end this section by telling you about one of the good guys of Wall Street, my […]

The following is a one-year chart of Berkshire Hathaway (B share).

As you can see, the stock did not move too much until this August, when the US sub prime loan started to fall out. It IS interesting to see investors jump back to the good old Berkshire during this uncertain time. Another notable event […]

Buffett talks about “durable competitive edge” a lot.
Here is a video (scroll down the article) he used Berkshire mill, the first major company he bought in 19060s, as an example to explain this concept.
Also I watched the “Buffett goes global” show on CNBC in the weekend, I am sure CNBC will run it again […]

Screen shot Capital Week published on Dec. 1, 2007
Anthony Bolton is the legendary fund manager for Fidelity (the mutual fund company Peter Lynch made his name). He visited China lately and answered investing questions from reporter of Capital Weekly.