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Warren Buffett: Investing Is Much Like Reporting – Writing The Right Story

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  • Here’s a great excerpt from an interview that Warren Buffett did with BizNews in 2017 in which he illustrates how investing is much like reporting.
  • I said, “That’s what I’d do, I assign myself the right story and it’s nothing more than that”.

7 Stocks Building Wealth Through Higher Dividends

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Some traditionalist would say your home is your greatest wealth building asset. I would argue it is not. Others would say your income is your greatest wealth building asset. Thought there is a lot of truth to the statement, it is still not your greatest wealth building asset. So, what is your greatest wealth building asset? Everyone is born with it. Few realize its importance until they lose most of it. The asset is so priceless it can’t be bought. Your most valuable wealth building asset is time.

High-Yield Managed Distribution Policy Funds

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Exchange traded funds (ETFs) and closed-end funds (CEFs) are composed of many different individual securities. This usually results in uneven dividend distributions. Some funds have tried to address this with a managed distribution policy. In short, a managed distribution policy is management's commitment to make a fixed periodic dividend payment...

Genworth MI Q2-2019 – surprisingly good quarter

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  • Genworth MI (TSX: MIC) yesterday announced their quarterly results .
  • For Genworth MI, the good news has gotten even better.
  • I thought this would be a story of ‘steady as she goes’, but things are surprisingly good.

Idea generation: Q2 2019 Investment letters

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  • Here is the list what I found interesting and why.
  • Selected ideas from Q2 letters:
  • BMW is on my to do list for some time but very difficult to assess with everything that is going on in the automobile space.

Charlie Munger: The Two Markets That Are Most Inefficient

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  • During the meeting Charlie Munger provides some great insights on the growing popularity of value investing, efficient markets, and the two markets that are most inefficient:
  • Two markets are inefficient: very small ones (which are not much use to Berkshire, with its $120 billion), and ones where crazy people are doing crazy things, especially if they’re selling.
  • From time to time, the big markets have some crazily mispriced securities in them.

The Best Returns Can Be Found In Small Illiquid Value Stocks

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  • During his recent interview with Tobias, Tim Melvin, who is a 31 year veteran of the financial services industry, discusses how the best returns can be found in small illiquid stocks.
  • Tobias Carlisle: You’ve got some research on illiquid stocks.
  • You had large liquid growth, you had small illiquid growth, large liquid value, and small illiquid value.

H1-2019 Wexboy Portfolio Performance

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  • And really, I’m just cherry-picking here – my European benchmarks have pretty much gone nowhere for the last four years.
  • And speaking of, let’s return to my portfolio performance!
  • First, as a reminder, here’s my H1-2019 Benchmark Return again:

There’s Two Places In The Market Where Book Value Is Still The Best Metric For Valuation

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  • During his recent interview with Tobias, Tim Melvin, who is a 31 year veteran of the financial services industry, discusses the two places in the market where book value is still the best metric.
  • We run models.
  • You can find out more about Tobias’ podcast here – The Acquirers Podcast .

Michael Burry: How To Make 7x Plus On Your Investment

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  • Those with a clear idea as to valuation likely did not find their portfolios terribly troubled this past year.
  • However, over the next year or two, and especially over the next five years, there is a very high probability of substantial gains as a result of this investment.
  • Two strategic buyers and one financial buyer submitted three separate bids for the company at valuations six to seven times the then-current market price.

Sell 33% of your Portfolio – a Step by Step Method

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  • In other words: How do I sell stocks, cash my money, not invest again and minimize the impact on the rest of my portfolio going forward?
  • While I don’t give financial advice, I built a canvas to help investors selling some of their stocks without hurting the overall portfolio performance going forward.
  • What about you, what would you do if you had to sell 33% of your portfolio?

(Ep.21) The Acquirers Podcast: Tim Melvin – Financial Value, Graham And Schloss Meets Kravis In Financials

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  • Tim Melvin: There was a guy in the office and he runs a very large successful investment management firm today.
  • I’ve got some cash I’d love to put to work there, but we’ll wait because it will happen.
  • Tim Melvin: If you think about it, you’ve got a $12 stock that you love.

Stock Market Crisis: Your Big Questions…Answered

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  • As I said, don’t worry and don’t act in haste.
  • Sell all your stocks, even if in a loss, and move completely out of the stock market.
  • You will ask for my tips, and God forbid, I give you some, you will blindly invest in them.

DuArt Film Laboratories, Inc. Annual Meeting on Tuesday

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  • FYI: the DuArt Film Laboratories, Inc. annual meeting is being held in New York this Tuesday at 10:30 a.m.
  • If you are attended and interested in meeting other Oddballs, get in touch with us.DuArt sold its Western Broadcasting of Puerto Rico subsidiary in November.
  • The sales proceeds were $3 million versus a book value of $391k of the assets sold.

DuArt Film Laboratories, Inc. Annual Meeting on Tuesday

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