John Templeton’s Investment Letters; Investing and Valuation Blogs

John Templeton’s Client Letters, Videos and more

Valuation Blog:

A blog on Free Cash Flow analysis of Master Limited Partnerships

About this Website

The website explains how distributable cash flow (DCF) is defined and why it is important to analyze it and derive a sustainable measure of DCF. Results reported by master limited partnerships (MLPs) are analyzed. comparisons of reported DCF to sustainable DCF are generated, and various coverage ratios and reports analyzing performance are generated. Simplified sources and uses of funds statements are presented to focus readers’ attention on key cash flow items. The website also features general articles about MLPs and about other topics of interest to yield-focused investors.
More detail on employment:

Bronte Capital’s disappointment with Berkshire’s Shareholder meeting:

Regrets of the dying:

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