A closer look at GMO’s 7-year asset class expected returns.

In the following article that I wrote for Forbes.com I describe why we believe that HMO stocks like United Healthcare (UNH) and Well Point (WLP) (we own both) are incredible buys. Stocks had a small run since I wrote it, but their valuations are still compelling.

Have you ever wondered how much money you would have made on a stock that has had incredible success? Below are ten stocks that represent some of the highest returns on initial investment ever. Take a look and see how much you could have made.

Highlights from last week's Ira W. Sohn Investment Research Conference. This report is a bit more detailed than the New York Times article and includes more stocks that were mentioned during the conference. (Subscription required)

Morningstar analyst, Justin Fuller, reviews the changes to Berkshire Hathaway's portfolio in this first part of a two article series.

John Byrne, at the time the chairman of Geico, hired Lou Simpson in 1979 to run Geico's investments as CIO. Byrne sent several candidates to Warren Buffett to be interviewed, but following a four hour interview, Buffett called on Byrne to stop the process, "That's the fellow."

The "fellow" has one of the great records in investing, like Buffett, looking for great businesses with a sustainable competitive advantage. He operates independently of Buffett with somewhat higher turnover but similar discipline.

Excerpt: "There's no need to reinvent the wheel. Buffett, the smartest investor ever, has done a lot of work for us when he buys a position and then discloses his holdings. Studying in the footsteps of the master and his disciples, but using that as a starting point for your own research, will end up being a very lucrative practice."

A Businessweek article about Jim Huguet, president and co-CEO of Great Companies. Basically, this is an interview with a fund manager. I wouldn't call it a value portfolio, but it does focus on great businesses led by great managers.