Unfortunately in life sometimes we have to learn lessons the hard way through painful experience and failure. It would be nice if we could learn from other people’s experiences and books and not make the same mistakes that others before…
I have recently been reading the 5th edition of The Essays of Warren Buffett edited by Lawrence Cunningham. Reading these excerpts from Buffett’s Berkshire Annual Letters over the years has been an extremely calming experience for me, almost a form…
Earlier this month news broke that Berkshire Hathaway had acquired a position in beaten down retailer Ulta Beauty (ULTA). The stock soared the next day in reaction but it’s coming back to earth this morning after a weak earnings report…
I am not attuned to this market environment and I don’t want to spoil a decent record by trying to play a game I don’t understand – Warren Buffett, Letter To Partners announcing the closing of the original Buffett Partnership,…
The S&P surged 64 points (1.26%) on Friday to 5,128 – right up to its 50 DMA (5,130). The 50 DMA continues to serve as resistance and the S&P continues to trade in a range (4950 – 5250) defined by…
At the end of his long life, Charlie Munger expressed doubts about the future of value investing: I think that the modern investors, to get ahead, almost has to get in a few stocks that are way above average. They…
Friday was an interesting day in which smaller stocks outperformed mega cap tech – the opposite of what’s happened so far this year. The Russell 2000 (IWM) was +2.92% while the Nasdaq 100 (QQQ) was up only 0.29%. IWM broke…
Many people will walk in and out of your life but only true friends will leave footprints on your heart – Eleanor Roosevelt Everybody knows that Warren Buffett is the greatest investor of all time. But few know the story…
Written on the occasion of Warren Buffett’s 93rd birthday (8/30/23): The game taught me the game – Jesse Livermore There are four perennial approaches to the stock game: value, macro, momentum and technical. Value investing was founded by Ben Graham…
Dear Warren, Before I get into the reason for my letter, I want to convey my undivided respect for your investment acumen and career. Nobody can reasonably doubt that you are the greatest investor of all time. Some may say…