Warren BUFFETT“A public-opinion poll is no substitute for thought.”
Bernard BARUCH“Millions saw the apple fall, but Newton asked why.”
It was reported in China Economic News that BYD founder recently sold all his H share holdings, capitalizing the recent price run up due to Warren Buffett and Charlie Munger’s endorsement of the company. It was also reported BYD is now involved in a bitter legal battle of corporate espionage with Foxconn Technology Group.
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Eitan Wertheimer, Chairman of Iscar, shared a few tips about how to pitch ideas to Warren Buffett.
Warren Buffett said that the letter he received from Wertheimer is the best he ever received. Here in this Fox interview, Wertheimer said that his letter is simple and he focused on what matters, namely:
1. Who we are
2. What [...]
By Brian Zen, CFA
Famed value investor Thomas A. Russo, of investment advisor Gardner Russo & Gardner, gave his musings on “global value” equity investing at New York Society of Security Analysts [NYSSA] on May 22, 2008.
Liquidation value is often overstated.
Russo stressed the value of consumer brands and express serious doubts about liquidation value currently used [...]
Like Buffett, Graham was instinctively non-conformist–even more so in his exotic personal life than his professional one. (”A Mount Everest for women who liked a challenge: they met him and wanted to climb on top,” is how Schroeder oddly describes it.) Buffett–whose idea of a wild night seems to have involved reading Moody’s Manuals in [...]
By Srinivas Korada
This is a very well written book that tried to explain the classic confusion among the society “What makes people successful?”. Is it really the DNA or Luck or a combination of factors that we never really had the time to analyze.
When Charlie Munger recommended this to his audience in 2009 Wesco [...]
The specific criteria used were as follows:
# The stock prices are less than the net current asset value of the companies.
# During the past 12 months, the companies generated postive operating cashflow.
# The company has no meaningful debt compared to its cash position.
Here are the stocks from the screen:
http://www.enlightened-american.com/wealth/research/screen-20090323.htm
This is perhaps the most moving video I have ever seen. He was born a deformed baby without limbs. Yet through focus and dedication, he got himself back up. And along the way, he acquired amazing skill in motivational speaking, and he gain great insights into what life is. Please watch the following short video. [...]
For years, value investors ridiculed Mr. Market. This year, Mr. Market got his revenge. When value investors make mistakes, they often come up with multiple explanations attributable to sound value investing principles.They can blame the manic depressive Mr. Market. They can say the margin of safety is getting bigger and therefore it’s a better buy. [...]