Students from Emory's Goizueta Business School and McCombs School of Business at UT Austin were invited to come visit Mr. Buffett for a Q&A session.

The most interesting part of this year’s Berkshire Hathaway letter to shareholders was Warren Buffett’s discussion of what kinds of businesses turn him on. This article takes a closer look at the elements that make a great business according to Buffett.

Geoff Gannon writes this blog post in response to Barron's "Sell Buffett" cover story. The post looks at a fair value for Berkshire (BRK.A) shares and finds that there is currently no real "Buffett premium" baked into the stock price. In fact, if Buffett gives Berkshire another 9 years, Berkshire may end up being a bit undervalued at the latest price of $143,000 per "A" share.

Geoff Gannon writes a post on Ben Graham and Bank Stocks in response to Jason Zweig's most recent column: "Jason Zweig writes the Intelligent Investor column for The Wall Street Journal. I’m sorry to say this week’s column is especially unintelligent."

Enjoy =)

Analysis of why GM should be avoided by value investors due to competitive disadvantages

"Volatility equates to opportunity and not risk," said Bruce Berkowitz, one of the fund's FAIRX three managers. "Risk is the chance for a permanent loss. This is the kind of environment that Warren Buffett has been patiently awaiting for many years."

This article discusses several comments by Warren Buffett today from Toronto on the credit crunch, the U.S. dollar, inflation, and the bond insurance business.

This is a stock report (13 pages, PDF format) I recently wrote on USG.

Video footage of Warren Buffett talking about the economy with FOX Business anchor Liz Claman.

Ever since the broad market indexes entered into bear market territory, I have been checking the dividend champions list for bargains. I came up with a list, using the follwoing screen criteria:

NWLIA is a life insurance company headquartered in Austin, TX. It sells a wide variety of life insurance products including annuities, universal life insurance, fixed indexed annuities, fixed indexed universal life, and term and whole life products. Most of its domestic sales are annuities. It also has a large international life insurance business...

On July 7, 2008 S&P 500 went into bear market territory after sliding 20% from its October 9th 2007 all-time highs at 1565.15. The current bear market correction has been going on for more than nine months. So how long do bear markets last on average?

Barron's: You run a very concentrated portfolio, with the top 10 holdings of the Fairholme Fund accounting for roughly 70% of the assets. Why is that?