Reading Time: 2 minutes 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… Continue reading I decided not shorting EDU
Reading Time: 2 minutes 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… Continue reading More Buffett and Munger Readings
Reading Time: 2 minutes 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… Continue reading Why not Berkshire for stock investments
Reading Time: 2 minutes 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… Continue reading Walter Schloss also beats S&P
Reading Time: < 1 minute The following is a one-year chart of Berkshire Hathaway (B share).
Reading Time: < 1 minute 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… Continue reading Durable competitive edge
Reading Time: < 1 minute 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.
Reading Time: < 1 minute I heard about Peter Lynch and his book more than two years ago; I ordered his book from Amazon last week because I wanted to learn more about stocks and investing. I just got to Chapter 5 now, but I found his book to be educational and interesting: his humor can be felt in many… Continue reading Peter Lynch One Up on Wall Street