Investing is when one buys an asset with the expectation of a profit over time, based on fundamental analysis that provides a strong rationale for this expectation. It is also known that publicly traded securities, by definition, fluctuate and can change prices violently based on short-term emotions of market participants. There is a reason why...Read More

Hello Everyone, Over the weekend Berkshire Hathaway’s Chairman’s Letter to Shareholders came out and as usual it was a must-read.  There are numerous fabulous points on it so it if you get the time read it, but I wanted to direct your attention to an excerpt on the reality of risk versus the perception of...Read More

It was a banner 2013 for Berkshire Hathaway, which posted earnings of nearly $20 billion.  Berkshire is heavily levered towards U.S. economic growth and the conglomerate saw strong gains throughout just about all of its operating entities.  Berkshire has increasingly shifted to an owner of large operating businesses, as opposed to being seen as more...Read More

Warren Buffett’s Berkshire Hathaway (BRK/A) made an interesting move today, offering to exchange stock in Phillips 66 (PSX) for a pipeline-services business.  PSX stock has been a real winner since being spun-out of Conoco Phillips.  This deal for PSX is a way to unveil additional value in its various operations, which it doesn’t view as...Read More

Below is a really fascinating article about the path that both Todd Combs and Ted Weschler took to become the investment lieutenants to Warren Buffett’s Berkshire Hathaway.  Both men have done a stellar job thus far and seem to have the intangible characteristics to really fit into the Berkshire culture.  It is very much like...Read More

This was an interesting little interview with Jeff Matthews and Robert Miles discussing Buffett’s changing investment strategy, which has evolved to Berkshire Hathaway’s (BRK.A) increasing size.  For an investment to make an impact for such a large company it has to be of significant size, so for outside passive minority stock investments, Buffett really needs...Read More

As a passionate student of all types of history, I’ve gained tremendous insight from studying the business and investment experiences of the most successful professionals.  There is no need to reinvent the wheel, nor veer from the core value investing framework that has made these people so incredibly successful.  Leucadia (LUK) is a company that...Read More

Below is our recent article on Berkshire Hathaway.  I believe it is a compelling long-term investment, and most market participants would be better off allocating a reasonable percentage of their portfolio to this security, than actively trading other stocks. http://seekingalpha.com/article/1047751-berkshire-hathaway-is-loaded-for-long-term-appreciation INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

There are few people in the world as extraordinarily brilliant, yet practical as Charlie Munger, Warren Buffett’s right hand man at Berkshire Hathaway.  In reading everything I can find on him I have significantly improved my own mental models, but there just aren’t many Charlie Munger’s out there.  This is a gem of a speech...Read More

While many companies that were the leaders of the clean energy hysteria have dropped off, Warren Buffett and Berkshire Hathaway’s subsidiary MidAmerican Energy Holdings has been doubling down through the acquisition of wind farm projects. Low-cost natural gas that is extremely abundant has radically transformed the energy industry, but sources such as wind are likely...Read More