Legendary value investors' secrets
January 27, 2023
Books
“I read the first edition of this book early in 1950, when I was nineteen. I thought then that it was by far the best book about investing ever written. I still think it is.” These words in a preface to a revised edition of The Intelligent Investor by Benjamin Graham, the father of value…
Read More about Benjamin Graham’s The Intelligent Investor (Book review)Berkshire Hathaway
12/31/13 Shares** Company Percentage owned Cost* Market (in millions) 151,610,700 American Express Company 14.2 $1,287 $13,756 400,000,000 The Coca-Cola Company 9.1 1,299 16,524 22,238,900 DIRECTV 4.2 1,017 1,536 41,129,643 Exxon Mobil Corp 0.9 3,737 4,162 13,062,594 The Goldman Sachs Group, Inc 2.8 750 2,315 68,121,984 IBM Corp 6.3 11,681 12,778 24,669,778 Moody’s Corporation 11.5…
Read More about Berkshire Hathaway’s fifteen common stock investments that at FY2013 yearend had the largest market valueBenjamin Graham's thoughts
In a section of his letter to Berkshire Hathaway shareholders on February 28, 2014 for FY2013, Warren Buffett shared “Some Thoughts About Investing” (Post: Investment is most intelligent when it is most businesslike) . He also shared more about Benjamin Graham, his teacher and friend, and about Benjamin Graham’s book, The Intelligent Investor . “Ben’s ideas…
Read More about Benjamin Graham’s The Intellingent Investor Chapter 20 (Margin of Safety As The Central Concept Of Investment)Benjamin Graham's thoughts
In a section of his letter to Berkshire Hathaway shareholders on February 28, 2014 for FY2013, Warren Buffett shared “Some Thoughts About Investing” (Post: Investment is most intelligent when it is most businesslike) . He also shared more about Benjamin Graham, his teacher and friend, and about Benjamin Graham’s book, The Intelligent Investor . “Ben’s ideas…
Read More about Benjamin Graham’s The Intelligent Investor Chapter 8 (The Investor and Market Fluctuations)Understanding financial statements
Cash flow statement Company ABCXYZ Ltd Year Ended Dec 31, 2013 all figures in US$ Cash flow from operations Net earnings 4,000,000 Additions to cash Depreciation 20,000 Decrease in accounts receivable 30,000 Increase in accounts payable 30,000 Increase in taxes payable 4,000 Subtractions from cash Increase in inventory -60,000 Net cash from operations 4,024,000 Cash…
Read More about Understanding financial statements (cash flow statement)Books
(https://www.youtube.com/watch?v=w_1dGYDwmU4) According to Wikipedia, Barton Michael Biggs (November 26, 1932 – July 14, 2012) was a money manager whose attention to emerging markets marked him as one of the world’s first and foremost global investment strategists, a position he held—after inventing it in 1985—at Morgan Stanley, where he worked as a partner for over 30 years. Following his…
Read More about Who is Barton Biggs?Investment criteria
In his letter (dated February 28, 2014 for FY2013) to Berkshire Hathaway shareholders, Warren Buffett shared some thoughts about investing in one section. In a sub-section, he gave pointers on the analysis involved in buying stocks. Warren Buffett said: “When Charlie and I buy stocks – which we think of as small portions of businesses…
Read More about When Warren Buffett and Charlie Munger buy stocks…Investment criteria
In his letter to Berkshire Hathaway shareholders on February 28, 2014 for FY2013, Warren Buffett, among other things, shared “Some Thoughts About Investing”. To illustrate certain fundamentals of investing, Warren Buffett told two tales in the letter. The two tales are about two small non-stock investments that Warren Buffett made long ago. “Though neither changed…
Read More about Warren Buffett’s investment talesBooks
“Investment is most intelligent when it is most businesslike.” – The Intelligent Investor by Benjamin Graham Warren Buffett kicked off with this quote when he shared “Some Thoughts About Investing” in a section of his letter to Berkshire Hathaway shareholders on February 28, 2014 for FY2013. Under a sub-section, he shared more about Benjamin Graham, his teacher…
Read More about “Investment is most intelligent when it is most businesslike.”Investment criteria
In his letter (dated February 28, 1992 for FY1991) to Berkshire Hathaway shareholders, Warren Buffett gave an insight into his Rip Van Winkle approach to investing. Referring to a list of Berkshire Hathaway’s common stock holdings – comprising Capital Cities/ABC Inc, The Coca-Cola Company, Federal Home Loan Mortgage Corp, GEICO Corp, The Gillette Company, Guinness PLC, The Washington…
Read More about Warren Buffett’s Rip Van Winkle approach