Monday, May 31, 2010

Klarman: Getting "Value Out Of This Crisis"

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From a recent Wall Street Journal  article by Jason Zweig on Seth Klarman: "We didn't get the value out of this crisis that we...
Wednesday, May 26, 2010

Bond Vigilantes

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From a recent Wall Street Journal  article : Remember the bond market vigilantes, that frightening band of financial marauders who once...
Tuesday, May 25, 2010

Easy to Teach & Useless

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Here's a useful s  useful summary  of something Charlie Munger said about beta at the 2010 Wesco shareholder meeting: The concept of b...
Monday, May 24, 2010

Sinking Seaworthy Ships

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On March 9th, The Chairman of the CFTC said  the following about credit default swaps: Keynote Address of CFTC Chairman Gary Gensler - OTC...
Friday, May 21, 2010

Munger on Dumb Competition

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From a recent Forbes interview with Charlie Munger. When Charlie was asked about himself he said: "I went where there was dumb co...
Wednesday, May 19, 2010

Berkshire Hathaway 1st Quarter 2010 13F-HR

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Berkshire Hathaway's ( BRKa ) 1st quarter 2010 13F-HR was released on May 17th, 2010. The equity portfolio is now made up of over 40...

The Soccer Referee

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From the Wesco 2010 meeting notes taken by The Inoculated Investor . Charlie then changed the subject to soccer. Soccer is a game that...
Monday, May 17, 2010

Math, Physics, & Investing

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Below are some principles that, at least for me, are very relevant to investment process but just happen to come from math and physics. 1...
Thursday, May 13, 2010

Munger: "Separate Derivatives from the Basic Bridges of Civilization"

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From an interview with Charlie Munger published in Forbes magazine yesterday. Munger apparently would make Paul Volcker "look like a s...

1962 Buffett Partnership Letter

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Here are some notes from the Buffett partnership letters taken by Frank Gifford, a Berkshire Hathaway shareholder. Some excerpts 1962 s...