Magic Formula Investing

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.’ [...]

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Walter Schloss: 16 Golden Rules of Investing

Considering we are in the week following the 2010 Berkshire Hathaway meeting, I have been in a Berkshire type of mood. I can’t help but too read some of Warren Buffett’s shareholder letters, watch some value investing videos, and read The Superinvestors of Graham-Doddsville. While reading the Superinvestors of Graham-Doddsville, I’m reminded of Walter Schloss [...]

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Fairholme Fund Transaction

The trades are in and its time to take a look at Bruce Berkowitz recent moved in the Fairholme Fund. As explained in an earlier post, I follow Bruce Berkowiitz and every once in a while will follow him into a position. Anyway, these reports come around about every 3 quarters and some people follow [...]

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