Wednesday, January 31, 2007

Shai Dardashti Letter to Warren Buffett

At the Q&A I arranged you told me that today ( May 23, 2005 ) you were “85% Graham and 15% Fisher.”

If you were today 20-something years old, again looking to allocate less than $10 million, and free to allocate capital into well over 8,000 opportunities (before even considering anything overseas), would your Latticework of Mental Models primarily be searching for:

a) Situations reminiscent of 1957 - akin to Daehan Flour Mills, or

b) Situations reminiscent of 1987 - akin to Moody’s Corporation?

To read the complete letter: Dardashti Letter.

Thank you Shai for sharing,


Thursday, January 25, 2007

1951 Moody's Manual: National American Fire Insurance

This was a stock Mr. Buffett owned in 1951.

Thank you Shai Dardashti for sharing.

To view: Moody's Manual.


Wednesday, January 24, 2007

Value Hedge Fund or Investment Fund in UK

Dear readers,

I would be grateful if you help me in my quest to work for Graham, Dodd & Buffett-styled hedge fund or investment fund in UK.

Do you know any well-regarded value funds in UK?

If you do, would you kindly share with me their names, websites or contacts.

My new year resolution is to get an analyst job for the right fund.

Please email me at: Dah Hui Lau

Thank you in advance,

Saturday, January 06, 2007

Bill Miller: End of Streak

Bill Miller ended his legendary 15 years streak in 2006.

Miller didn’t only outperform the S&P 500 index over the total 15-year period; he did so each and every year. The odds of that happening, according to Michael Mauboussin, Legg Mason’s chief investment strategist, is 1 out of 2.3 million! Statistically, Miller’s performance is greater than baseball legend Joe DiMaggio’s consecutive hitting streak of 56 games, which was a 1 out of 1.3 million event.

To read the complete article by Charles Mizrahi: GuruFocus.

Bill Miller will be coming back strongly this new year!

Timely Filing LetsValue

Very good website with collection of filings from great investors.

Please visit: LetsValue.

Happy New Year everyone!