Value Investing News - Superinvestors - Comments

Goldman Sachs?

George — Tue, 23 Sep 2008 21:15:35 -0400

Anyone here considering riding on Buffett coattails on this one? I'm looking at Goldman Sachs tonight.

Vote of confidence on solid franchise financials

Meiko Acebo — Sat, 13 Sep 2008 01:12:43 -0400

Regardless of whether the moat of both American Express and Wells Fargo has widened or narrowed, the price has become so attractive for Warren to pass out on this.

At a time when valuations do not matter, Warren Buffett has his vote confidence on franchise financials.

True to his words a two decades ago, "Be fearful when others are greedy; greedy when others are fearful."

Re: Fannie Mae and Freddie Mac Buyout

George — Tue, 09 Sep 2008 10:26:03 -0400

"...if Bear Stearns was an 8.5 on the Richter, the financial Richter scale, this was about a 9.9 or something of the sort," commented Buffett. I new this event was very significant, but I'm suprised to see Buffett give it a 9.9 out of I'm assume 10. I'm really surprised to see that everything is still holding together today in the markets. Some hedge funds must have blown up on this one.

Very Interesting

mwgr5 — Wed, 20 Aug 2008 23:17:02 -0400

Thanks for adding this article. Warrenn Buffett is a great person and investor, and it is always great to learn more about the Oracle of Omaha.

http://www.sharpeinvesting.com

Re: Joel Greenblatt on Finding Bargain Stocks

George — Sun, 03 Aug 2008 18:44:10 -0400

Nice find on this vintage Joel Greenblatt interview. I really enjoyed reading it.

Mean Reversion

david — Sun, 27 Jul 2008 14:13:42 -0400

After such a long period of outperformance, the "reversion to the mean" seems to have caught up with Mr. Miller.

public Forum Pickens Plan

scotty65 — Thu, 10 Jul 2008 13:19:19 -0400

There is a public Forum for discussions about Pickens plan :
www.pickensenergyplan.com
Cheers.

Buffett on the mark

dami99 — Thu, 26 Jun 2008 05:48:46 -0400

Agree with Buffetts comments re inflation threat - the Fed has thin line to tread. Also good to see him dimissing the 'speculation' theories behind the high oil price..

Buffett originally wanted 10 hedge funds

Chungst — Mon, 16 Jun 2008 18:44:25 -0400

Buffett gave up significant edge when he agreed to 5 hedge funds.

Here's the logic, statistical fluctations accumulate, they do not average out or cancel out as commonly assumed. Therefore, when you have 10 companies facing enormous drag due to fees, that creates a lot of statistical fluctuations. 10 funds times 10 years gives Buffett 100 fund-years of results where the drag from investment fees would work against them. The other party to the trade was smart to get 5 funds meaning it now faces 50 fund years (of performance drag), which is a smaller sample size.

My fav quote

alexg — Tue, 10 Jun 2008 17:32:05 -0400

"You cannot spend clicks"
I will admit I did not spend much attention on the other guys, but Burkowitz has moved to my top 3 gurus. All his picks have a clear thought out thesis with most of them being no brainers.

http://www.contrarianvalueinvesting.com/

Just watched this WealthTrack

George — Tue, 10 Jun 2008 08:28:24 -0400

I just finished watching the episode of WealthTrack. Bruce Berkowitz has some interesting things to say. He is moving out of the energy sector and into health care. Berkowitz requires a 10% free cash flow yield. Great quote by Berkowitz about why he focuses on free cash flow: "Cash is all you can spend."

I also found the comments by art market expert Michael Moses to be of interest, since I hold Sotheby's. He maintains an art index at his website, Beautiful Asset Advisors. Moses feels the art market is strong. His index was up +20% last year and the spring auctions were quite good. He believes that a decline in the art market takes a prolonged and substantial down turn in the economy to impact the buyers of art and art prices. While he confirms that post war and contemporary art is going through the roof at great than 25% appreciation, old masters are not doing as well with only 8% appreciation. Low priced works tend to outperform high priced market. Moses take home message, "Don't overpay for art." Use an art index and adjust a previous sale price to determine a price that you should avoid paying above.

Time will tell.

rwmcpar — Tue, 20 May 2008 16:11:12 -0400

Time will tell.

Please share any blog posts

George — Sat, 03 May 2008 18:52:27 -0400

Please share any blog posts or other articles by people attending the Berkshire Hathaway Annual Meeting.

Thanks,
George

"When the plus minus is gone

alexg — Fri, 18 Apr 2008 17:29:59 -0400

I thought you were not going to submit stories....
"6 figure man" lol

http://www.contrarianvalueinvesting.com/

4 Filters

Nick — Tue, 18 Mar 2008 10:16:07 -0400

I haven't finished reading this yet, but at first scan it certainly looks good.