In this 9 minutes video, Jeff Bezos is brilliant in his response to the question “Why Amazon Makes No Profit ?” In the video JBezos explains his business(es), shares great insights, and throws in a couple in Buffett and Graham quotes. Q1 hedge fund letters, conference, scoops etc Image source: YouTube [...]
Here’s 78 pages of notes from the 2019 Berkshire Hathaway Shareholder Meeting last weekend. Q1 hedge fund letters, conference, scoops etc 2019 Berkshire Hathaway Shareholder Meeting Notes When you hear all the talk about — the political talk — about the banks, they had not cost the federal government a penny. There [...]
Below are some of my favorite slides from the Fairfax India presentation. Q1 hedge fund letters, conference, scoops etc Below is the Bangalore airport. Fairfax India owns 54% of the private airport. The following picture is not from the Fairfax presentation but capture the same idea: Article by Brian Langis
Here are the videos from the CNBC Monday morning post-BRK AGM. Q1 hedge fund letters, conference, scoops etc Article by Brian Langis
This post is a little overdue. Better later than never I guess. With the Berkshire Hathaway AGM this weekend, I told myself to get this post done. Q1 hedge fund letters, conference, scoops etc Three weeks ago I was in Toronto for the Fairfax Financial AGM (FFH), the Fairfax Africa AGM [...]
I just recently found out that Charlie Munger was interviewed by Ruth Porat, CFO Alphabet Inc. I found a set of notes from this blog: http://d0j.blogspot.com/2016/09/notes-from-charlie-munger-talk.html. The notes are from 2016. Despite the weird formatting, it looks legit and it’s Charlie in the picture. However I can’t find any [...]
I had the pleasure to be back on The Intelligent Investing Podcast with Eric Schleien to discuss the Brookfield-Oaktree transaction. Below are some notes on the transaction. Q4 hedge fund letters, conference, scoops etc Bruce Flatt from Brookfield Asset Management and Howard Marks from Oaktree Capital Management are getting tie up. Two [...]
We have a fascination with stockpickers. Big name stockpickers like Peter Lynch or Carl Icahn, comes to mind. Star stockpickers are glamourized because investors think they have the magic wand to make fast and easy money. They know the secret to the next big name that will make them [...]
Me and my wife watched the Fyre Festival documentary on Netflix. We only watched it under recommendation of my brother because the trailer wasn’t appealing to us (kids partying on the beach with Ja Rule…pass). My brother’s track-record of recommendation is rock solid, so we gave it a shot. [...]
“Capitalism is the unequal distribution of wealth – but socialism is the equal distribution of poverty.” – Unknown Q3 hedge fund letters, conference, scoops etc Dear friends, This is my last post of the year. I recently got back from a special place, Cuba, a country of particular interest to me and [...]
Charlie Munger used Monish Pabrai as an example because he’s one of the rare to used the original Buffett Partnerships free structure. Monish went 10 years without taking fees, just living off his capital. That’s tough. But this is the right way to do it. It’s extremely rare to [...]
Thank you to value investor François Denault for the find. Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. [...]
Below is the article published on Warren Buffett on December 27, 1999. The dot-com bubble of the late 90s was a wild time for the stock market. People quit their jobs and became millionaires day-trading tech stocks. Buffett didn’t want anything to do with the high-flying stocks. Chimps were having [...]
It only takes one counter example to disprove a mathematical theorem. The same is true in finance. This makes counter examples particularly useful for investors. In previous posts, I discussed Bitcoin as a possible counter example to the efficient market hypothesis view that the market price always reflects fundamental [...]
Don’t jump to conclusion but…I see a positive correlation. [REITs] Q2 hedge fund letters, conference, scoops etc Article by Brian Langis
I got my hand on a copy of the presentation Bruce Flatt from Brookfield Asset Management (BAM) did at Google. Here’s the video of the Google Talk presentation. [REITs] Q2 hedge fund letters, conference, scoops etc Here’s the Talks at Google – Brookfield Presentation – Aug2018 and below are my favorite slides. [...]
Yesterday Apple announced new iPhone models that will be bigger, will be better, faster, stronger, and—of course—more expensive. Over the summer Apple (AAPL) passed the $1 trillion in market cap value milestone. Amazon (AMZN) followed not too long after. Today one share of Apple cost $224, up 32% just [...]
Bruce J. Flatt, the CEO of Brookfield Asset Managmement (BAM), has made a rare appearance at Google for one of their Talks (video below). The most striking thing about the presentation is the lack of people that showed up to listen to one of the world’s most successful investors. [...]
Since this related tweet from earlier todau is very popular we embedded it belo The text reads as follows: A rare LEGAL kindle copy of Seth Klarman's Margin of Safety is now FREE on Amazon https://amzn.to/2KMa7ss H/T @77cyko Below are the updated links to Seth Klarman’s investment wisdom. You can find the [...]
I had the privilege of being a guest on The Intelligent Investing Podcast with Eric Schleien. Eric is an excellent host and I had a blast doing this. We mainly talked about Brookfield Asset Management (BAM) and we also touched on Shopify (SHOP), investor behavior that led to inferior [...]
Peter L. Bernstein, the editor of Journal of Portfolio Management and the famous writer of two popular finance books — Capital Ideas: The Improbable Origins of Modern Wall Street and Against the Gods: The Remarkable Story of Risks. In this article, Bernstein has taken on has taken Stephen Gould’s theses in Full House: The Spread of Excellence [...]
I frequently hear some members of the value investing community complain that “value investing no longer seems to work”. In my view, paying less than something is worth will always work. I guess what these investors may mean is that paying low multiples for mature, easy to understand businesses [...]
