Comprehensive Analysis of Warren Buffett’s Q4 2024 Portfolio Changes

Johnny HopkinsPortfolio Management, Warren BuffettLeave a Comment

Following is a comprehensive analysis of Warren Buffett’s Q4 2024 portfolio changes compared to Q3 2024. Key Observations No major changes in top holdings like Apple (AAPL), American Express (AXP), and Coca-Cola (KO), though some valuation shifts. Financial sector trims, particularly in Bank of America (BAC) and Citigroup (C). New … Read More

Howard Marks: Why Risk Is Perverse

Johnny HopkinsHoward Marks, Risk ManagementLeave a Comment

Risk is often misunderstood, not because it is complicated, but because it defies intuition. As Howard Marks explains in his discussion on the character of risk, “risk is counterintuitive” and “risk is perverse.” The way we perceive risk can often be the exact opposite of reality, leading investors, policymakers, and … Read More

The Law of Large Numbers: Mohnish Pabrai’s Warning for Investors

Johnny HopkinsLaw of Large Numbers, Mohnish PabraiLeave a Comment

Investing in large, well-established companies may seem like a safe bet. After all, these businesses have survived economic downturns, outcompeted rivals, and generated billions in annual cash flow. Yet, as Mohnish Pabrai astutely observes in Mosaic: Perspectives on Investing, investing in blue-chip giants can be a dangerous trap—one that too … Read More

Stan Druckenmiller: ‘Animal Spirits’ Are Back In Markets

Johnny HopkinsEconomyLeave a Comment

In his recent interview with CNBC, Stan Druckenmiller discusses the current economic landscape, highlighting low unemployment (4%) and solid GDP growth (3%). He notes a shift from an anti-business administration to a more business-friendly one, leading to increased CEO confidence. While the economy appears strong in the short term, he … Read More

Terry Smith Explains The “Busy Fool Syndrome”

Johnny HopkinsActive Investing1 Comment

In his book – Investing for Growth, Terry Smith argues that most fund managers prioritize matching their benchmark rather than outperforming it, leading them to become “index huggers” who underperform after fees. He supports Warren Buffett and John Bogle’s view that low-cost index funds are better for most investors. Smith … Read More

Chris Davis: Stock-Picking Strategies for a Disconnected Market

Johnny HopkinsInvesting Strategies, Stock ScreenerLeave a Comment

In his recent interview with Barron’s, value investor Chris Davis discusses two key investment questions: the type of businesses to own and the price to pay for them. Viewing investments as business acquisitions, not just stock purchases, Davis highlights evaluating liabilities, undervalued assets, and long-term durability over short-term gains. He … Read More

Warren Buffett: The Secret to Great Business Returns: Stability Over Decades

Johnny HopkinsInvestment Strategies, Warren BuffettLeave a Comment

In his 1987 Berkshire Hathaway Annual Letter, Warren Buffett discussed the value of stability in businesses, arguing that severe change and exceptional returns rarely coexist. Many investors chase exotic, rapidly evolving companies, imagining future profitability while ignoring current realities. In contrast, Buffett highlights that the best returns often come from … Read More

Warren Buffett: When Economic Downpours Rain Gold: Be Ready with a Washtub

Johnny HopkinsInvesting Strategy, Warren BuffettLeave a Comment

In his 2016 Berkshire Hathaway Annual Letter, Warren Buffett discusses Berkshire Hathaway’s commitment to long-term growth in earning power per share, acknowledging that actual earnings may occasionally decline due to economic downturns or industry-specific events. Berkshire retains all earnings, reinvesting significantly more than competitors, to achieve sustainable growth. While gains … Read More