Here is a joke that I heard from Warren Buffet years back. A very successful oilman dies. He faces Saint Peter, who says, “You’ve been a good man and normally…
Category:
The Process
Presentation that describes my firm’s investment process. AVI Omaha 2012
I don’t do writing assignments. I don’t like deadlines. I am not a writer; I am an investor who thinks through writing. So when Institutional Investor asked me to write on the future of investing, my instinct was to politely decline. But the topic did seem intriguing. So I decided to give it a try.
Everyone is looking with horror at Europe, waiting for the European Economic and Monetary Union to break up and for the PIIGS to start dropping like flies, taking the rest…
Mark Twain said, “To a man with a hammer, everything looks like a nail.” To a Fed – an institution employing an army of economists and academics – everything looks…
I have received many emails and a few calls from friends, asking one question: What are the consequences of the downgrade? So I decided to put my thoughts on paper. …
VALUEx Vail 2011 is over. I already miss these three days. I got the idea to put together VALUEx Vail after I attended VALUEx in Klosters (a little ski resort…
While in Omaha attending the Berkshire Hathaway annual meeting I had the pleasure of participating on a Value Investing Panel at Creighton University. Ben Claremon from Inoculated Investor blog took very good notes from the event, you can…
Profit margins are a tick away from all-time highs and are creating the impression of cheap equity valuations. But that impression is a mirage, because today’s generous margins are destined…
The Ups and Downs of Flying I am a very nervous flyer. Whenever there is a little bit of turbulence, I look out the window, see shaking wings, and start…