Thursday, October 29, 2009

Superinvestors: Galileo vs The Flat Earth - Berkshire Shareholder Letter Highlights

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Warren Buffett wrote this about one of the " Superinvestors " in the 2006 Berkshire Hathaway ( BRKa ) shareholder letter : Let m...
Tuesday, October 27, 2009

Graham-And-Doddsville

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Below are excerpts from an  article , based upon Warren Buffett's now well-known Columbia University speech,  The Superinvestors of Grah...
Monday, October 26, 2009

American Express

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Daniel T. Henry, CFO of American Express, speaking about competition on the earnings call last week: ...we have had the premium space for...
Wednesday, October 21, 2009

Buffett Munger Paradox

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"I think the (new) top guy won't be as smart as Warren. But it's silly to complain: 'What kind of world is this that gives ...
Monday, October 19, 2009

Ackman on ADP

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Here are some comments from Bill Ackman, managing partner at Pershing Square Capital, on his purchase of shares in Automatic Data Processing...
Wednesday, October 14, 2009

Rail Time Indicators

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The American Association of Railroads (AAR) puts out the Rail Time Indicators report monthly. Here is a link to the latest report. The...
Tuesday, October 13, 2009

Capital Misallocation

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So after the last decade of bubbles and other capital destroying behavior we get this Wall Street Journal  article . Apparently, high-freq...

Stocks to Watch

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An update of the stocks I like* for my own portfolio at the right price. Considering the extent of the rally in stocks it's difficult ...
Wednesday, October 7, 2009

Nebraska Furniture Mart

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"One question I always ask myself in appraising a business is how I would like, assuming I had ample capital and skilled personnel, to ...

Fishing Tackle

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"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who s...