Warren Buffett: “I’ll Pay You $10,000 For Your Dog By Giving You Two Of My $5,000 Cats”)

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In his most recent Berkshire Hathaway 2020 Annual Report, Warren Buffett discussed a number of topics including why Berkshire is different to the prototype conglomerate, and the shenanigans around paying for overpriced acquisitions. Here’s an excerpt from that report Berkshire is often labeled a conglomerate, a negative term applied to … Read More

Warren Buffett: 1959 Activist

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In Alice Schroeder’s book – The Snowball, she recounts a great story about Warren Buffett, the twenty nine year old activist, who was fed up with Sanborn Board members refusing to distribute the company’s investments to its shareholders, and instead wasting shareholders money on cigars. It’s also an early illustration … Read More

Warren Buffett: Investors Think Stocks Are Different To Other Investments Because They Can Make Decisions Every Second On Stocks

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During his recent CNBC interview with Becky Quick, Warren Buffett explained that the reason investors treat stocks differently to other investments is because they can make decisions every second with stocks. Here’s an excerpt from the interview: In 1932 General Motors had 19,000 dealers. That’s more than all the auto … Read More

Warren Buffett: Top Buys, Top Sells

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One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

Warren Buffett: Top 10 Holdings (Q4 2019)

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One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

Warren Buffett: 15 Book Recommendations Last 10 Years

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CNBC recently compiled a list of book recommendations from Warren Buffett, taken from his shareholder letters over the past ten years. Here’s the list: 1. ‘Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger’ 2. ‘The Intelligent Investor’ 3. ‘Mitek: A Global Success Story, 1981-2011’ 4. ‘A Few … Read More

Warren Buffett: How Investors Lose Millions – If It [The Stock Price] Ever Gets Back There, I’ll Buy It!

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Here’s a great excerpt from a CNBC interview with features Warren Buffett, Bill Gates, and Charlie Munger. During the interview Buffett illustrates how investors miss out on great opportunities because they stay anchored on a stock’s previously lower price, instead of focusing on the current price, which may still represent … Read More