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Search Results for: secret to investing
Turning $100 to $15,000 + over 25 years
Yesterday http://wp.me/p1PgpH-MW I asked what we could do with $100 if held for 25 years. The best performing stock since 1987 is Fastenal (FAST), a nuts and bolts distributor. The high and low for FAST after its IPO in 1987 … Continue reading
The Dark Side of a Value Investor, Prem Watsa of Fairfax Financial
A reader sent me this link of a great blog on forensic accounting. There are lessons here from morality, survival instincts, to overplaying a hand, to accounting shenanigans and to my loss of yet another value investing icon–Prem Watsa. Did he … Continue reading
Posted in Accounting, Investing Gurus, Risk Management, Valuation Techniques
Tagged Accounting Shenanigans, Fairfax, Fruad, Prem Watsa, Short-Selling
Readers’ Questions and more
QUESTIONS A reader from Norway: May I ask a couple of more questions please? What would you do differently if you had the opportunity to go back in time when you first audited Columbia Business School classes, how would you … Continue reading
Posted in Competitive Analysis, Investing Careers
Tagged Greenbackd.com, Greenblatt, marketfolly.com
Chapters 14 and 15 in Competition Demystified: Nintendo and Ethyl Corp. Case Studies
Price is what you pay. Value is what you get.–Warren Buffett The issue with growth companies is always (1) whether the growth can be in fact be sustained into the future; and (2) whether those improved earnings have already been … Continue reading
Posted in Competitive Analysis
Tagged baby video, Cooperation, Ethyl Corp., Nintendo, secret weapon, Sweden
Part 3: Using Value Line
No gold digging for me, I take diamonds. We may be off the gold standard some day.–Mae West Part 3: Using Value-Line: Part 2 was posted http://wp.me/p1PgpH-Bx. Also, Carl, a reader, kindly provided this link on analyzing Value-Line from a blog:http://www.rationalwalk.com/?p=7544 … Continue reading
Posted in Competitive Analysis, Search Strategies
Tagged CPST, Dumb and Dumber, Fish Slapping, Value-Line
Honest Journalism and the ECB; More on Economics
We’ve long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe … Continue reading
Housekeeping–Banks and SURPRISE!
I got wiped out personally in 1968, which was the last really crazy, silly stock market before the Internet era….After 1968, I became a great reader of history books. I was shocked and horrified to discover that I had just … Continue reading
Posted in Uncategorized
Learn Accounting; Industry Metrics; Amazon; Geico Valuation; Klarman, Textbook Pubs. are Toast
“Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now. Over time, … Continue reading
Posted in Accounting, Investing Gurus
Tagged AAPL, AMZN, charlie479, Fisher Investments, GA Financial Lab, GEICO, Heilbroner, History, Klarman, Socialism
VALUE VAULT; Moats, Coors CS Question, FDR & Obama, Grace under Pressure, Go Back
Reality is just a crutch for people who can’t cope with drugs.–Robin Williams I attribute my success to seeing the world as it is, not the way I would like it to be–Warren Buffett (attribution by a friend) Housekeeping In … Continue reading
Media Bias and Cuba
This blog is not about politics per se, but about rational thinking. If you read the news, be aware of bias, especially your own. All lies and jests, still a man hears what he wants to hear and disregards the rest. … Continue reading