Who’s Who
Who is Ray DeVoe?
The name Ray DeVoe was mentioned by Warren Buffett in his FY2010 letter to Berkshire Hathaway shareholders. Warren Buffett said: “We keep our cash largely in U.S. Treasury bills and avoid other short-term securities yielding a few more basis points, a policy we adhered to long before the frailties of commercial paper and money market funds…
Read More about Who is Ray DeVoe?Philip Fisher’s scuttlebutt method
For a man like Berkshire Hathaway chairman Warren Buffett who doesn’t personally own an iPhone, one wonders why he more than doubled Berkshire Hathaway’s holdings in Apple to about 2.5 per cent in January 2017. At that point, Mr Buffett owned US$17 billion worth of the tech giant’s stock In a CNBC report on 27…
Read More about Philip Fisher’s scuttlebutt methodA game of Snap, of Old Maid, of Musical Chairs – John Maynard Keynes
“For it is, so to speak, a game of Snap, of Old Maid, of Musical Chairs — a pastime in which he is victor who says Snap neither too soon nor too late, who passed the Old Maid to his neighbour before the game is over, who secures a chair for himself when the music…
Read More about A game of Snap, of Old Maid, of Musical Chairs – John Maynard KeynesThe Little Book of Common Sense Investing by John C. Bogle
In his letter dated February 27, 2015 (for FY2014) to Berkshire Hathaway shareholders, Warren Buffett says: “Rather than listen to their (advisors’) siren songs, investors – large and small – should instead read Jack Bogle’s The Little Book of Common Sense Investing. “Stock prices will always be far more volatile than cash-equivalent holdings. Over the long…
Read More about The Little Book of Common Sense Investing by John C. BogleIrving Kahn – passing of a great value investor
(https://www.youtube.com/watch?v=P4CPj6aiD7g) The value investing world has lost a great member – American businessman and investor Irving Kahn (December 19, 1905 – February 24, 2015), who was the oldest living active investment professional. Wikipedia says he was an early disciple of Benjamin Graham, the creator of the value investing methodology. Kahn began his career in 1928 and continued to work…
Read More about Irving Kahn – passing of a great value investorCharlie Munger’s “lollapalooza effect” concept
In stock markets, we hear of this term called “lollapalooza effect”. In mid-2014, for example, when the stock of Apple plummeted at one stage by 40 per cent from a high of $700 to just below $400, the cause was attributed in some quarters to the “lollapalooza effect”. In a June 2014 article , “Apple Stock Still…
Read More about Charlie Munger’s “lollapalooza effect” conceptWalter Schloss stock market secrets
In a note dated March 10, 1994, Walter Schloss, a famous value investor named by Warren Buffett in 1984 as one of the superinvestors, listed 16 “Factors Needed To Make Money In The Stock Market”. Walter Schloss (August 28, 1916 – February 19, 2012) was a notable American value investor who was one of the famous…
Read More about Walter Schloss stock market secretsWho’s Walter Schloss?
American investor Walter Schloss (August 28, 1916 – February 19, 2012) was another famous disciple of the Benjamin Graham school of investing. The noted value investor died in 2012 of leukemia. Walter Schloss was another great example that disproved the notion that the market was efficient. Talking of market efficiency, here’s a notable quote from legendary investor Warren…
Read More about Who’s Walter Schloss?Philip Fisher’s “Fifteen Points to Look for in a Common Stock”
American stock investor Philip Arthur Fisher (September 8, 1907 – March 11, 2004) was best known as the author of the investment guide book Common Stocks and Uncommon Profits. The book has the reputation of staying in print since it was first published in 1958. Among his best-known followers is Warren Buffett who on some…
Read More about Philip Fisher’s “Fifteen Points to Look for in a Common Stock”