Friday, August 28, 2009

Munger on Elementary, Worldly Wisdom - Part II

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A follow up to this previous post : In this section of a 1994 speech by Charlie Munger at USC Business School, he gets beyond the "...

Munger on Elementary, Worldly Wisdom

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Below are some excerpts from a  1994   speech  by Charlie Munger at the USC Business School. It's well worth reading the whole speech bu...
Thursday, August 27, 2009

World's Safest Banks 2009

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For 18 years Global Finance has been publishing its "World's 50 Safest Banks" list. The new list was just published on Augu...
Wednesday, August 26, 2009

An Interview with Charlie Munger

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Some excerpts from this interview with Charlie Munger: Munger: "Interest rate swaps have enormous dangers given their size and the acc...
Monday, August 24, 2009

Bespoke on the Bull

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Generally, I do not spend any time thinking about markets -- bull, bear, or whatever. My focus is on buying shares of great businesses at th...

Stocks to Watch

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Here is an update of stocks I like* for my own portfolio at the right price. The maximum price I'd pay takes into account an acceptabl...
Thursday, August 20, 2009

Munger: The Hammer Syndrome

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From this Charlie Munger speech at UC Santa Barbara: "The big general objection to economics was the one early described by Alfred No...
Wednesday, August 19, 2009

Discount Rate

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In business school, many learn the risk-free rate (long-term Treasury rate) plus a risk premium should be used to determine the proper disco...
Tuesday, August 18, 2009

Fair Value Calculator

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Here is a simple tool to estimate the intrinsic value of a business. I don't consider any tools like this to be adequate (intangibles...
Wednesday, August 12, 2009

Buffett On Space Exploration: Berkshire Shareholder Letter Highlights

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From Warren Buffett's 1996 Berkshire Hathaway (BRKa)  shareholder letter : Our portfolio shows little change: We continue to make mor...