It is better to buy a wonderful company at a fair price than a fair company at a wonderful price – Warren Buffett, 1989 Letter to Shareholders The advent of value investing occurred with the publication of Ben Graham and…
If you have a bearish bias, you have to be very aware of it. You have to work around it. And I always have – Stan Druckenmiller Any man who is a bear on the United States will go bankrupt…
I have been going back and forth over the last week or two: Bear Market Rally or Correction In An Ongoing Bull Market? In the wake of the strong bullish reaction to Google’s (GOOG/GOOGL) 1Q25 earnings report on Thursday April…
At Berkshire’s annual meeting today in Omaha, NE, Warren Buffett announced that he will be stepping down as CEO at the end of the year and handing the reigns to Greg Abel – ending an epic 70 year career in…
I am currently about halfway through a fascinating podcast in which William Green, author of Richer, Wiser, Happier, interviews Chris Begg, Chief Investment Officer of East Coast Asset Management. One of the most intriguing concepts in the podcast is the…
First a caveat. While formerly a permabear, I have seen the light and become a Warren Buffett-style long term investor (see “The Enduring Investment Principles of Warren Buffett”, January 14, 2025). After a long period of being bearish and wrong…
I just got off the phone with Warren Buffett during which I picked his brain about the current correction. There’s a lot of noise out there right now so I wanted to hear it straight from the GOAT. Here’s what…
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…