Value Investing Works, and That Won’t Change
We all know that intelligent investing works. Finding businesses, analyzing their worth, paying less… The whole deal. Even the academics have pretty much realized that they’ve been wrong. You can only tack on so many sigmas.
But the burning question for so many investors is why. Why in the heck isn’t this market, comprised of millions [...]
Dissecting Western Sizzlin’ Corporation
You’ve got Berkshire; the king, the original, the Mecca. Investing in Berkshire Hathaway over the last 40 years has been like injecting rocket fuel into your portfolio, generating 20%+ returns since 1965 and, in the process, minting millionaires and loyal followers. However, nowadays Berkshire is getting so large that, by the laws of statistics, its [...]
Simply Summing up Sears: A Lesson in Intelligent Investing
Last week, I argued why Eddie Lampert’s current strategy for investing Sears’ capital was rational. This week, I’d like to write a little about why the future is bright as well.
With all the nonsense media hullabaloo over Sears’ awful fiscal first quarter, I thought it might be nice to put the whole situation in [...]
What do Buffett, Pabrai, and Jim Rogers Have in Common? They Look For the Obvious
It sounds crazy that Warren Buffett and Jim Rogers might have something in common besides intellect and wealth. Buffett has owned the Washington Post for 35 years, Coca-Cola for 18 years. Jim Rogers owns exotic commodities and currencies, usually leveraged up to the hilt, and was once partners with the most famous speculator in the [...]
5 Lessons from a Parting Columnist
Sorry for the flurry of posts today. I guess some days I’ll hit you guys with a ton of stuff, and most days there will be nothing. However, I just read a tremendous going-away column from Herb Greenberg of Marketwatch. It contains some terrific advice, and I think my readers should take [...]
Pabrai in SmartMoney: "It was a good bet"
I’m not sure if anyone has read this month’s issue of SmartMoney. I like the magazine, I find it is well written, and while it is aimed at the general public (i.e. lots of retirement advice and such in there) occasionally there is very interesting article or stock pick to investigate.
This month’s issue, as [...]
Pabrai in SmartMoney: "It was a good bet"
I’m not sure if anyone has read this month’s issue of SmartMoney. I like the magazine, I find it is well written, and while it is aimed at the general public (i.e. lots of retirement advice and such in there) occasionally there is very interesting article or stock pick to investigate.
This month’s issue, as [...]
