Buffett’s Three Categories of Returns on Capital
“A truly great business must have an enduring “moat” that protects excellent returns on invested capital.” –Warren Buffett, 2007 Shareholder … Read more
John Huber
Practicing a “Punch Card” Approach to Investing
Punch Card Investing John Hempton, who runs a hedge fund and writes the blog called Bronte Capital, wrote a really … Read more
Weekend Reading
I thought I’d put up a quick post with a couple articles I’m reading this weekend. But first, I wanted … Read more
Two Key Checklist Items
Two Key Checklist Items by John Huber I am not a big fan of going through specific “checklist” items one … Read more
A 1977 Warren Buffett Interview From the WSJ Archives
Someone I’m connected with on Linkedin sent me this old article from 1977 in the Wall Street Journal on Warren … Read more
WeChat’s Huge Moat In China
Weekend Reading: WeChat’s Huge Moat In China by John Huber This is just a quick post on some interesting articles … Read more
Reinvestment Moat Follow Up: Capital Light Compounders
Reinvestment Moat Follow Up: Capital Light Compounders by John Huber, Base Hit Investing This post is the second guest post … Read more
Notes On Credit Acceptance Corp (CACC)
Notes On Credit Acceptance Corp (CACC) by John Huber, Base Hit Investing I recently made a list of a few … Read more
Buffett’s Investment In Dempster Mill – A Cigar Butt
Buffett’s Investment In Dempster Mill – A Cigar Butt by John Huber, Base Hit Investing I came across a case … Read more
The Market Value Fluctuations of the 10 Largest Companies
10 Largest Companies I thought I’d put up a quick post with an interesting chart that might provide some food … Read more
Calculating the Return on Incremental Capital Investments
Calculating the Return on Incremental Capital Investments “Leaving the question of price aside, the best business to own is one … Read more
Importance of ROIC: “Reinvestment” vs “Legacy” Moats
I’ve talked a lot about the importance of the concept of return on invested capital (ROIC), and how it is … Read more
Apple Versus Exxon Mobil
I read an article last week by Scott Fearon, who wrote the excellent book Dead Companies Walking (a good book about shorting … Read more
Warren Buffett 1998 Talk at University of Florida
I spent some time traveling in the car last week. Whenever I am driving by myself, I always listen to … Read more
Sunedison Inc (SUNE), Valeant Pharmaceuticals (VRX) – Lessons From The Fall
Sunedison Inc (SUNE), Valeant Pharmaceuticals (VRX) – Lessons From The Fall “The boom is drawn out and accelerates gradually; the … Read more