Reading Time: < 1 minute We only need two, according to Buffett, at 2008 shareholder Q&A session (transcript at GuruFocus). Note Q5, WB answer, he noted the following two courses: 1) how to value a business; 2) how to think about stock market fluctuations. I think the first one is obvious, all the accounting, financial and quantitative skills. The second,
Reading Time: < 1 minute Warren Buffett is visiting Europe these days, mainly looking for acqusition targets (family private owned business). Here is an interview at IMD (Switzerland). IMD is a premier business school in the Europe (thanks to investmentpostcards). There is a link to webcast at the end of the post. It covered a range of topics, and the
Reading Time: 3 minutes I quoted some questions which are relevant for little guys (like me). The full transcript can be located at gurufocus. WB: Warren Buffett, CM: Charlie Munger, MX: yours truely. BTW, I bought one more BRK.B yesterday, at $4130, not the lowest price of the day but about 5% off the price I bought for my
Reading Time: 2 minutes In the annual shareholder meeting of Berkshire Hathaway, Buffett and Munger took on a series of questions from audience as usual. Although I did not go, I found some of those Q&A both interesting and educational. Thanks to gurufocus, the full transcript is here (WB: Warren Buffett, CM: Charlie Munger). Q5: Would you use stock
Reading Time: 2 minutes It seems there is lots of confusion about Berkshire (NYSE:BRK.A, BRK.B) options (paper) loss in its Q1 earning report, especially among individual investors. First, let me quote Buffett’s take on those options in his recent annual shareholder letter (link to letters): “The second category of contracts involves various put options we have sold on four
Reading Time: 2 minutes Kiplinger is a personal finance magazine I have since year 2001. In its May 08 issue, I found “Tune out the seers” (Promised Land column) by Andrew Feinberg, in which he is saying everyone (especially experts) likes to predict the market and economy, but we should just ignore them. Or in the case of famous
Reading Time: 2 minutes A Chinese version of the story can be read here (thanks to Shanzi for translation). You can read story (in English) from Buffett’s 2007 annual shareholder letter. Why do I emphasize this story? Too many times I fall into some growth stories (hint: next Microsoft or Google), value traps (hint: Heelys and maybe Crocs), etc.
Reading Time: 2 minutes (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 🙂
Reading Time: < 1 minute Starting this year I got the Barrons’ subscription from my frequent flier miles (Northwest). (picture from charleslockwood.com) 1) Joe Rosenberg is an investment guru, and he shared his insights on various stocks from MSFT, YHOO to PFE. He likes MSFT the stock, but he does not like the decision of buying YHOO, and he thinks
Reading Time: < 1 minute 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
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