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Posts Tagged ‘ charlie munger ’

Charlie Munger: Banks Could ‘Get In Trouble Again’ [VIDEO]

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May 7, 2013
TEST6Charlie Munger

Charlie Munger: Banks may ‘get in trouble again’ Despite Berkshire Hathaway’s large investments in big banks, Charlie Munger says the banks need more regulation and less risk on their trading books. Charlie Munger on jobs: ‘Suffering is required’ Billionaire Berkshire Hathaway Vice Chairman Charlie Munger says, ‘I don’t think you change policies because some people are suffering.’ Buffett: Income inequality hurting economy Billionaire investor Warren Buffett thinks immigration reform will pass in Congress and...
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Berkshire Hathaway Annual Meeting Notes Wrap-up

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May 6, 2013
TEST6Berkshire Hathaway

Berkshire Hathaway annual meeting notes: The Berkshire Hathaway annual meeting was held in Omaha with 35,000 people attending this year. The meeting format is five hours of questions being answered by Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger, who have partnered together for 54 years. Overall, Mr. Buffett is upbeat about the prospects for Berkshire–especially GEICO and the Burlington Northern railroad. Many of the questions posed to Mr. Buffett involved his CEO...
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Charlie Munger Compares Bitcoin to Rat Poison [VIDEO]

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May 6, 2013
TEST6Charlie Munger

Charlie Munger, Vice Chairman of Berkshire Hathaway and CEO Warren Buffett spoke with FOX Business Network’s (FBN) Liz Claman about the state of the economy. Buffett discussed interest rates and the housing market, saying, “Anybody who’s borrowing money should borrow out for a long period of time.  And if you ever want to get a mortgage, today is the day to get a mortgage.” Buffett also spoke about the newspaper business, saying “the trends are more adverse...
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Li Lu Featured in Spring Issue of Graham and Doddsville

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May 6, 2013
TEST6Li Lu Featured in Spring Issue of Graham and Doddsville

CBS is out with Issue XVIII of Graham and Doddsville, Columbia Business School’s student-led investment newsletter, co-sponsored by the Heilbrunn Center and the Columbia Student Investment Management Association. This issue features interviews with Preston Athey of T. Rowe Price Group, Li Lu of Himalaya Capital (once rumored successor to Warren Buffett), and Paul Isaac of Arbiter Partners. The publication also includes the Pershing Square Finalist pitches and photographs from the annual Omaha trek, Moon...
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Berkshire Hathaway Inc. (BRK.A) (BRK.B) Report Q1 Earnings

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May 3, 2013
TEST6Berkshire Hathaway Inc.

Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) released its earnings report for the first three months of 2013 this afternoon, Friday May 3, after the market closed. The company recorded net earnings of $5 billion for the first quarter, on revenue totaling $43.87 billion. On today’s market, the company’s shares traded up, finishing at $108.64 on today’s close. In the run up to this earnings announcement, analysts were looking for earnings of $1.25 per share from the...
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Charlie Munger: ‘High Frequency Trading is Evil’ [VIDEO]

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May 3, 2013
TEST6Charlie Munger

 Charlie Munger: ‘High Frequency Trading is Basically Evil’ Berkshire Hathaway number two Charlie Munger says he believes the long-term investor is basically not affected by things like the flash crash. But high-frequency trading, he says, is really “legalized front running.” Why Charlie Munger Thinks HFT Is ‘Basically Evil’ Charlie Munger, Berkshire Hathaway vice chairman, shares his insights on the markets, and explains why he thinks bankers “are like heroin addicts,’ and high frequency trading...
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David Winters On an Example of Good Corporate Governance

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May 1, 2013
TEST6david winters

David Winters of Wintergreen funds is out with his Q1 letter to shareholders. Ahead of the conference, David Winters has some insightful commentary on Berkshire Hathaway and specifically regarding Warren Buffett and Charlie Munger. A brief excerpt followed by the full document below: I am a success today because I had a friend who believed in me and I didn’t have the heart to let him down. -Abraham Lincoln Perhaps no company is more...
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Warren Buffett Investment Style Evolution in Under 1,000 Words

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March 28, 2013
TEST6Warren Buffett speech transcript

This post is at the behest of my friend Tom Brakke of The Research Puzzle.  It is meant to briefly describe how Warren Buffett’s investing changed over the years. Compounding Capital The basic idea of Warren Buffett’s investing is simple.  Try to compound your capital at the fastest rate consistent with a margin of safety.  That margin of safety might be a strong balance sheet, or it might be a product with high gross margins...
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Origins and Value of The Essays of Warren Buffett: Lessons for Corporate America

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March 14, 2013
TEST6buffett cover for blog

In 1995, I was a third-year professor of corporate governance researching literature about the disciplining effect of stock markets on managerial behavior. Stock markets were viewed as so efficient that price was a transparent report card on executive performance.  This implied a modest need for other governance devices such as board oversight or fiduciary duties.  But there were also nagging questions about market efficiency.  Called anomalies, these were exceptions to efficiency where the evidence...
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Charlie Munger DJCO In-Depth Notes (24 Pages)

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February 22, 2013
TEST6charlie munger

Charlie Munger recently spoke at the Daily Journal annual meeting. Marketfolly has great notes on the meeting, but we found another copy which also gets into greater detail. Ill admit I sometimes get bored of hearing Warren Buffett speak. However, I cannot get enough of Charlie Munger. It has nothing to do with politics or anything else.  Munger rarely speaks to the media, and I find his comments really enjoyable and insightful. The full...
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Daily Journal Profiles Munger, Tolles & Olson Law Firm

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February 20, 2013
TEST6charlie munger

Before an arranged dinner party with one Warren Buffett called Charlie Munger to a higher calling (money management), Charlie founded a law firm that still carries his name today. The Daily Journal recently profiled Munger, Tolles & Olson on the anniversary of 50 years in the business. Link the the full article on the prestigious law firm-http://www.mto.com/Templates/media/files/Daily_Journal_firm_profile.pdf H/T Value Investing World 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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