Warren Buffett’s Hero Philip Carret Says There’s Only One Rule For Selling Winning Stocks

Johnny HopkinsPhilip Carret, Warren Buffett Comments

One of our favorite investors here at The Acquirer’s Multiple is value investing legend Philip Carret who Warren Buffett once described as one of his heroes. Carret has written three books – The Art of Speculation, A Money Mind at Ninety, and Classic Carret: Common sense from an uncommon man. After founding his Pioneer Fund in 1928, one year before the great … Read More

Is It Better To Buy The Stock And Watch The Price Drop Or Not Act And Watch The Price Soar? – Daniel Kahneman

Johnny HopkinsCharles Munger, Daniel Kahneman, Warren Buffett Comments

One of the most common predicaments facing investors is that they’ve analysed a stock, it meets with the investors criteria, and now it’s time to pull the trigger and buy the stock. But something happens, the investor ums and ahs and delays the decision to buy. Next thing you know three months later the value of the stock has risen by … Read More

Great Investors Focus On Absolute-Performance Rather Than Relative-Performance – Seth Klarman

Johnny HopkinsSeth Klarman, Warren Buffett Comments

Earlier this month The Washington Post published an article titled – Warren Buffett’s $100 Billion Problem. The article was reporting on the $100 Billion that Berkshire has accumulated in cash over the years, stating: Warren Buffett celebrated his 87th birthday a few days ago, but the bigger number in his life is the $100 billion mound of cash that his Berkshire … Read More

Great Investors Create Their Own Version Of Omaha – Buffett, Munger, Klarman, Pabrai

Johnny HopkinsCharles Munger, Guy Spier, Mohnish Pabrai, Seth Klarman, Warren Buffett Comments

One of the biggest problems facing investors is the amount of ‘noise’ that we get from the financial media and commentators. Financial news sections, the internet, and podcasts are continually bombarding us with the latest ‘hot stock’ or miracle investing strategy. Meanwhile investors get caught up in the noise checking their stocks daily to see what’s performing well and what’s … Read More

The Definitive Guide On Identifying Companies With An Economic Moat – Warren Buffett

Johnny HopkinsMichael Mauboussin, Warren Buffett Comments

With so much talk about a company’s economic moat it’s important to recognize how to clearly identify a moat, understand how wide it is, and figure out how long it will remain in place. One of the best papers ever written on the subject is Michael Mauboussin’s – Measuring the Moat, Assessing the Magnitude and Sustainability of Value Creation. The paper … Read More

How Does Warren Buffett Stay At The Top Of His Game

Johnny HopkinsWarren Buffett Comments

So it appears that if you want to best investor in the world you have to have a few quirks. As you can see from this video on CNBC: However, while he may be a little quirky that’s not the main reason that sets him apart from other great investors according to this article on CNBC titled – How Warren Buffett’s … Read More

Here’s How Charlie And Warren Calculate Intrinsic Value Differently To Everyone Else

Johnny HopkinsCharles Munger, Warren Buffett Comments

One of the biggest problems facing investors is the calculation of intrinsic value. There has been much written about the correct way to calculate intrinsic value but one of the best explanations can be found in the book Charlie Munger: The Complete Investor, by Tren Griffin. The book provides the essential steps of Munger’s investing strategy and is a must read … Read More

Buffett Nears a Milestone He Doesn’t Want: $100 Billion in Cash

Johnny HopkinsWarren Buffett Comments

One of our favorite investors here at The Acquirer’s Multiple is of course Warren Buffett. This week Bloomberg reported that Buffett’s Berkshire Hathaway is sitting on $100 Billion at the end of its second quarter. The question is, what he is going to do with it? Here’s an excerpt from the article: It’s a milestone Warren Buffett probably wishes he weren’t approaching. … Read More

Henry Singleton – (“The Best Capital Deployment Record In American Business” – Warren Buffett)

Johnny HopkinsHenry Singleton, Warren Buffett Comments

One of my favorite investing books is The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success, by William N. Thorndike. In fact it’s also the top choice on Warren Buffett’s reading list. The book provides stories on eight of the most successful CEOs in history who were great capital allocators. One of my favorite chapters is on Teledyne CEO Henry … Read More

Warren Buffett – How To Become An Intelligent Investor

Johnny HopkinsWarren Buffett Comments

The Berkshire Hathaway letters are one of the most valuable resources for value investors. One of my favorite letters is the 1996 letter in which Buffett provides some principles for becoming an intelligent investor. It provides some great insights into the types of businesses you should search for, how to identify competitive moats, the risks of overpaying for great businesses, … Read More

Just How Did Warren Buffett Make A Quick $12 Billion On Bank Of America

Johnny HopkinsWarren Buffett Comments

CNBC recently announced that Warren Buffett just made a quick $12 billion on a clever Bank of America investment. Because of an astute investment made in Bank of America six years ago while the bank was struggling, Warren Buffett is about to make a quick $12 billion and become the financial institution’s largest shareholder. Buffett’s Berkshire Hathaway said Friday it … Read More

How To Develop A Superinvestor Mindset Like Buffett, Munger, Neff, Loeb, Lynch and Soros

Johnny HopkinsCharles Munger, Warren Buffett Comments

One of my favorite investing books is How To Think Like Benjamin Graham and Invest Like Warren Buffett, by Lawrence A Cunningham. One of the best pieces in the book looks at the principles applied by some of the greatest superinvestors of all time. Here’s an excerpt from the book: The best investors employ a mind-set that takes account of just … Read More

How Warren Buffett Turned $10.6 Million Into $221 Million While Others Were Embracing The EMT

Johnny HopkinsWarren Buffett Comments

As a value investor it is important that you read every word of every letter ever written by Warren Buffett in his Berkshire Hathaway Shareholder Letters. One great example of what you can learn comes from his 1985 Chairman’s letter in which he discusses his intrinsic value calculation of The Washington Post and how he turned $10.6 million into $221 … Read More

The 12 Commandments of Warren Buffett’s Hero, Philip Carret

Johnny HopkinsWarren Buffett Comments

Late last year The Telegraph did a great piece on value investing legend Philip Carret, who Warren Buffett described as one of his hero’s. After founding his Pioneer Fund in 1928, one year before the great depression, Carret successfully steered his fund consistently upwards through the Great Depression and the Second World War and his career ultimately encompassed a total … Read More

Warren Buffett: It’s A Huge Bargain To Buy Stocks Now If Interest Rates Stay Where They Are, Here’s Why

Johnny HopkinsWarren Buffett

In a recent CNBC interview Warren Buffett said, “The most important item, over time, in valuation is interest rates”. He added, “It’s a huge bargain to buy stocks now if you knew interest rates would stay at this level”. In terms of investing in bonds Buffett said, “Anybody that prefers bonds to stocks is making a big mistake”. Here’s the … Read More