Friday, June 27, 2014

Charlie Munger on Complexity, Hedge Funds, and Pension Funds

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Some comments by Charlie Munger from the 2006 Wesco meeting :* On Complexity We don't do a lot of involved math... Certainly we expec...
Friday, June 20, 2014

Buffett & Munger on Compensation - Part I

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From Warren Buffett's 1985 Berkshire Hathaway  ( BRKa )   letter : "...retirement announcements regularly sing the praises of CEO...
Friday, June 13, 2014

The Growth Trap: IBM vs Standard Oil

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Imagine it's 1950 and   a   decision  needs to be made between two common stock investment alternatives: - IBM ( IBM ) - Standard Oi...
Friday, June 6, 2014

Wells Fargo vs S&P 500

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From the most recent Berkshire Hathaway ( BRKa )  shareholder meeting : The intrinsic value of any business is the present value of all ca...
Friday, May 30, 2014

Buffett on Farms, Real Estate, and Stocks - Part II

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A follow up to this  post . In the 2013 Berkshire Hathaway ( BRKa ) shareholder letter , Warren Buffett describes two of his small investme...
Friday, May 23, 2014

Buffett and Munger Talk Retail Businesses, Nebraska Furniture Mart, and Amazon

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Warren Buffett and Charlie Munger talked about retail businesses more generally, as well as Nebraska Furninture Mart, and Amazon ( AMZN ) sp...
Friday, May 16, 2014

Berkshire Hathaway 1st Quarter 2014 13F-HR

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The Berkshire Hathaway ( BRKa ) 1st Quarter 13F-HR  was released yesterday. Below is a summary of the changes that were made to the Berkshir...
Monday, May 12, 2014

Why Do So Many Investors Underperform?

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This previous post focused on how investors do compared to the mutual funds they own. Not very good. Well, not surprisingly, they also ...