Richard Losch of Losch Management has created his annual chart showing all of Berkshire's holdings.
Thank you Sanjeev Parsad for this sharing on MSN BRK board.
Best,
David
Knowledge grows through sharing! To be the best, learn from the best! May all your dreams come true! Collections of Value Investing articles, interviews and videos, especially on Warren Buffett and Charlie Munger and articles from various disciplines to build "Latticework of Mental Models"
Tuesday, February 27, 2007
Sunday, February 25, 2007
Interview with Monish Pabrai
Thursday, February 15, 2007
Berkshire's 13-F
Thank you Sanjeev Parsad for sharing.
Here is Berkshire's quarterly filing on holdings.
Learn from the master,
David
Here is Berkshire's quarterly filing on holdings.
Learn from the master,
David
Pabrai Funds 13-F
Thank you Sanjeev Parsad for sharing.
Here is the link to Mohnish's 13-F filing.
Happy investigating,
David
Here is the link to Mohnish's 13-F filing.
Happy investigating,
David
Sunday, February 11, 2007
Thursday, February 08, 2007
Joe Koster's Blog
Dear readers,
Please visit Joe Koster's blog. You will learn a lot from this wonderful guy.
He has looked into BRK and CRYP and concluded that at present price, both are undervalued.
Like himself, I do own BRK and CRYP.
Best,
David
Please visit Joe Koster's blog. You will learn a lot from this wonderful guy.
He has looked into BRK and CRYP and concluded that at present price, both are undervalued.
Like himself, I do own BRK and CRYP.
Best,
David
The Afterworld
I frequently received funny jokes from various friends. I decided to share them on this blog.
Here goes the first one.....
A middle aged woman had a heart attack and was taken to the hospital.While on the operating table she had a near death experience.
Seeing God She asked "Is my time up?" God said, "No,you have another 43 years, 2 months and 8 days to live."
Upon recovery, the woman decided to stay in the hospital and have a facelift, liposuction, and a tummy tuck. She even had someone come in and change her hair color. Since she had so much more time to live, she figured she might as well make the most of it.
After her last operation, she was released from the hospital. While crossing the street on her way home, she was killed by an ambulance.
Arriving in front of God, she demanded, "I thought you said I had another 40 years? Why didn't you pull me from out of the path of the ambulance?"
(You'll love this!!!)
God replied, “I couldn't recognize you."
Thank you Dr. Lim for sharing.
Here goes the first one.....
A middle aged woman had a heart attack and was taken to the hospital.While on the operating table she had a near death experience.
Seeing God She asked "Is my time up?" God said, "No,you have another 43 years, 2 months and 8 days to live."
Upon recovery, the woman decided to stay in the hospital and have a facelift, liposuction, and a tummy tuck. She even had someone come in and change her hair color. Since she had so much more time to live, she figured she might as well make the most of it.
After her last operation, she was released from the hospital. While crossing the street on her way home, she was killed by an ambulance.
Arriving in front of God, she demanded, "I thought you said I had another 40 years? Why didn't you pull me from out of the path of the ambulance?"
(You'll love this!!!)
God replied, “I couldn't recognize you."
Thank you Dr. Lim for sharing.
10th Columbia Conference 2007
Abyli3 of MSN BRK board has kindly permitted me to post his wonderful sharing on this blog.
Abyli3 said.....
I went there with one question in mind for Bruce Berkowitz: how to valuate energy stock since FAIRX has 25% in energy stocks.
Bruce recommended one stock: CNQ. He said: if you do not know horse, then find a good jockey. Property & Casualty insurance is a commodity business, but in Warren Buffett's hand, it became a fantanstic business. Oil is also a commodity business, but CNQ vice chairman N. Murray Edwards knows oil and how to allocate capital. He could be the next Buffett and the good news is he is still in his 40s. I do not know where the oil price in the short term, but in the long run, China and India will need more oil, $25 oil is long gone. CNQ can triple production without buying any other companies and you have great manager who can focus and knows how to allocate capital. And at around $50, it is trading at 5 times cashflow.
I checked FAIRX's portfolio, CNQ is #2 position right after BRK. He also has big stake in PWE and Ensign Resource Service. N. Murray Edwards happens to be the chairman of ESI.
As to Home Builders, Bill Miller said he likes home builders and actually they are #1 or #2 shareholders of some big home builders, but they bought the shares too early.
Bruce said: we checked home builders, but we could not figure out a way to count their cash. (my comment: no free cash flow?) So instead of buying home builders, we bought shares of suppliers to them. Great companies, great management team.
I checked FAIRX's portfolio. They bought and sold MDC last year. He built positions in MHK and USG last year.
In the conference, Bruce also mentioned that his recent mistake was USG. He bought USG around $5-$7 and sold the shares about cost and saw the price going up all the way to $120.
Thank you Abyli3,
David
Abyli3 said.....
I went there with one question in mind for Bruce Berkowitz: how to valuate energy stock since FAIRX has 25% in energy stocks.
Bruce recommended one stock: CNQ. He said: if you do not know horse, then find a good jockey. Property & Casualty insurance is a commodity business, but in Warren Buffett's hand, it became a fantanstic business. Oil is also a commodity business, but CNQ vice chairman N. Murray Edwards knows oil and how to allocate capital. He could be the next Buffett and the good news is he is still in his 40s. I do not know where the oil price in the short term, but in the long run, China and India will need more oil, $25 oil is long gone. CNQ can triple production without buying any other companies and you have great manager who can focus and knows how to allocate capital. And at around $50, it is trading at 5 times cashflow.
I checked FAIRX's portfolio, CNQ is #2 position right after BRK. He also has big stake in PWE and Ensign Resource Service. N. Murray Edwards happens to be the chairman of ESI.
As to Home Builders, Bill Miller said he likes home builders and actually they are #1 or #2 shareholders of some big home builders, but they bought the shares too early.
Bruce said: we checked home builders, but we could not figure out a way to count their cash. (my comment: no free cash flow?) So instead of buying home builders, we bought shares of suppliers to them. Great companies, great management team.
I checked FAIRX's portfolio. They bought and sold MDC last year. He built positions in MHK and USG last year.
In the conference, Bruce also mentioned that his recent mistake was USG. He bought USG around $5-$7 and sold the shares about cost and saw the price going up all the way to $120.
Thank you Abyli3,
David
Tuesday, February 06, 2007
Buffett Speaks Jan 2007
Interesting interview with Warren Buffett by Georgia University Student.
Thank you Sham Gad for sharing.
To read the full article: Sham Gad blog.
Keep on learning,
David
Thank you Sham Gad for sharing.
To read the full article: Sham Gad blog.
Keep on learning,
David
Investment Management Certificate (IMC) exams
Dear readers,
I am very happy to announce that I have passed my IMC exams in Jan 2007! This is one of my new year resolutions and glad that I have achieved it in the first month of the year.
Best wishes,
David
I am very happy to announce that I have passed my IMC exams in Jan 2007! This is one of my new year resolutions and glad that I have achieved it in the first month of the year.
Best wishes,
David
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