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GEICO’s Lou Simpson Retiring
According to the Chicago Tribune, Lou Simpson is retiring from GEICO. Warren had the following to say about Lou’s retirement: “Obviously, I would keep him employed till he was 100. I was very surprised when he called me a month ago and said, ‘At 74, I’d just as soon turn it over to somebody else.’ [...]
Continue reading...Warren Buffett’s Mr. Fix-It– David Sokol
3. August 2010
While word has spread that Li Lu is considered to be the next CIO for Berkshire Hathaway, the CEO appears to be up for grabs. Among the names that are rumored to succeed Warren Buffett is David Sokol CEO of NetJets and previous CEO of MidAmerican Energy, both Berkshire subsidiaries. Recently, CNN Money has a [...]
Continue reading...Warren Buffett Turns Book Into Mini Cult
12. July 2010
According to the U.K’s Telegraph , apparently told friends that a book titled When Money Dies illustrates what could possibly happen if European government attempt to spend their way out of the current financial crisis hitting the whole region. The book is written in 1975 by Adam Fergusson and is currently selling for $800 on [...]
Continue reading...Warren Buffett: One-On-One With CNBC May 3, 2010
3. May 2010
Notes On Warren Buffett’s CNBC Appearance Warren Buffett does not see a problem with Goldman’s Abacus Transaction Warren Buffett reminds everyone that all bond insurers got in the trouble during the credit crisis Bond insurers job is to asses and assign proper premium when insuring Warren Buffett has done business with Goldman Sachs for 44 [...]
Continue reading...2010 Berkshire Hathaway Meeting Videos
2. May 2010
CNBC With Charlie Munger and Mario Gabelli Warren Buffett On Goldman, Economy and Financial Reform Dairy Queen CEO On Expanding Overseas Warren Buffett Investments Shaw Industries CEO Clayton Homes CEO Burlington Northern CEO Warren Buffett’s Children Warren Buffett On Capitalism ACME Brick CEO Warren Buffett Business is picking up
Continue reading...How to Determine A Company’s Stock Is Undervalued
1. May 2010
As value investors, we might have a value framework in mind where we finally understand that buying low, selling high is the best way to go. It’s the way Warren Buffett and other have done it for a long time and most importantly, have done it successfully. If you “get it” (value investing), you have [...]
Continue reading...Looking For The Best Undervalued Stocks
25. April 2010
Undervalued stocks are defined as stocks being sold at significantly low prices compared to their intrinsic value or future cash flow. If a stock for example is selling at $100 but is worth double the said amount, then it the said stock is undervalued. Warren Buffett said that the value of a certain business can [...]
Continue reading...Security Analysis Benjamin Graham
18. March 2010
I just ordered Benjamin Graham’s Security Analysis 6th Edition, which is the new and updated edition and includes some of today’s top value investors. Among them, Bruce Berkowitz, Seth Klarman, Gleen Greenberg, and a few others. At one point, I did own the 1951 edition but between a new job and school, it pretty much [...]
Continue reading...Warren Buffett on Value Investing
2. March 2010
The million dollar question is, How to become a value investor? Below is Warren Buffett and Charlie Munger’s response to this question Buffett: 49 colleges and universities visited Omaha this year. If I ran a business school there would be only 2 courses. How to value a business and How to think about markets. No [...]
Continue reading...2009 Berkshire Hathaway Shareholder Letter Quotes
27. February 2010
Shortly after writing the brief memo about the 2009 Berkshire Hathaway Shareholder Letter was released today, I sat down with a cup of coffee and started reading it as free time is limited today. Anyway, I usually read the letter a couple of times to fully grasp it. The following are some quotes that stood [...]
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26. August 2010
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