Value Investing News

Miguel Barbosa Interviews Bud Labitan, Author of Price To Value: Intelligent Speculation Using The Decision Filters of Munger and Buffett. Bud, thank you for joining us for this interview. We are here to talk about your new book –Price To Value: Intelligent Speculation Using The Decision Filters of Munger and Buffett. This book seems to focus on decision making and particularly decision framing.

Warren Buffett, the world's greatest investor, recently released his 2010 letter to shareholders. Here are 5 points of wisdom that investors can learn from it.

The Essays of Warren Buffett, a compilation and organization of Warren Buffett's annual letters to shareholders, is a "must-have" addition to any investor's library.

I recently managed to get a hold of the letters of the original Buffett Partnership. In those letters Warren Buffett describes the investment strategies employed by the partnership, the structure of the partnership as well as the fees that the limited investors paid for performance.

Warren Buffett is the richest investor in the world. The student of the father of value investing Ben Graham, learned how to invest money in the Graham-Newman Corp. partnership in the early 1950s. After it was closed, Buffett formed his own investment management partnership.

How did Warren Buffett and Charlie Munger advance “Decision Framing” in both practical and Behavioral Finance? Clues exist in the Munger speech on the "Psychology of Human Misjudgement."

Buffett finds that his "Sainted Seven" (his wholly owned businesses) returned 57% on equity capital.

In 1988, Buffett reveals the secrets to Borsheim's success, his approach to merger arbitrage, and his criticisms of efficient market theory.

In 1989, Buffett assesses his growing portfolio of business, and opines on taxes, preferred stock investments, zero coupon bonds, and leverage. For one, Buffett observes that the structure of capital gains taxes allows the investor to receive interest-free investing funds.

The long awaited disclosure from Berkshire Hathaway about its holdings is online. This time however many are doubting Buffett’s wisdom after his stock lost over 32% of its value in 2008 versus S&P 500's 36.7% loss. He also made some derivative bets on indexes which are misunderstood by most market participants.

Microstrategy has an attractive business, a strong balance sheet, and moat potential through high switching costs. The company makes a fine Magic Formula purchase, but there are a few concerns.

We progress through Buffett’s letter to Berkshire shareholders from 1977, gleaning what wisdom we can

As usual, Buffett can’t shake someone’s hand without the press immediately speculating whether that person is going to be his successor. The latest is that Byron Trott’s departure from Goldman Sachs to run a venture fund that Berkshire Hathaway will partly finance, could signal that he will take over the 130 billion dollar company when Buffett leaves it.

Book Summary of the "Four Filters Invention" book on YouTube.com

"Everywhere we look we're finding really great bargains," says Whitney Tilson, managing partner of hedge fund T2 Partners and noted value investor.