Rupert Murdoch, Morgan Stanley, Danone Group, Best Buy, Jack Perkowski. The list of Western groups and individuals that have gone into emerging markets and had their heads handed to them is long and prestigious. They structured deals, invested, opened …
FULL TRANSCRIPT of Warren Buffett’s interview on CNBC from March 2nd 2011. 60 pages full of wisdom on every topic under the sun; Berkshire Hathaway, oil, unempoyment, financial crisis, stocks vs bonds etc. I uploaded the document to scribd. All […]
Good article on Japanese equities, with a focus on Shimachu (8184:JP) from Value Institute Many value investors are debating the merits and drawbacks of investing in Japan. On the positive side, Japanese stock valuations are a fraction of their Asian / Western […]
I found some great excerpt from Seth Klarman’s 2010 Annual Letter (H/T to http://myinvestingnotebook.blogspot.com for the find) . Whenever, you can find ANYTHING by Seth Klarman it is worth reading. This is not always easy, because despite having one of the […]
Professor Aswath Damodaran from NYU’s Stern School of Business tackled the popular notion that companies are holding too much cash. These arguments have been increasing in the media in the wake of the massive cost cutting done throughout the Great Recession which, now that revenues are growing again, is resulting in ever-increasing cash balances (in the aggregate) on corporate balance sheets.
Damodaran argues that it is improper to say that companies like Apple, by having massive cash balances earning less than the company’s cost of capital, are “leaving money on the table”. The proper discount rate is not the company’s cost of capital, but instead the discount rate associated with that “project”, namely the interest rate on the cash, which makes cash a neutral investment, by . . .
→ Read More: How Much Cash is Too Much?
H/T to my colleague, Joe Koster of Value Investing World for arranging these videos by topic, I embedded the videos so you can watch everything without leaving Value Walk. Yesterday, Warren Buffett was on CNBC discussing topics ranging from Berkshire […]
If this is your first time visiting the blog, from the title of this post you likely think I am some crazy conspiracy theorist. Far from it, this site focuses on long term, with an emphasis on a rational and […]
By Greg of http://gregspeicher.com/ We live in a very uncertain world. The unfolding of events in the Arab world was unforeseen. Moreover, their future course of events is difficult, if not impossible, to predict. Add to this the uncertainty that surrounds […]
Jeffrey Towson is the former Head of Direct Investments for Middle East North Africa and Asia Pacific for Prince Waleed, nicknamed by Time Magazine as the “Arabian Warren Buffett”. He is the author of the global investing book “What Would Ben […]
By Ben Strubel of Strubel Investment Management H&R Block (HRB) is the largest tax preparer in the United States and prepares roughly one out of every seven tax returns filed. The company was founded in 1955 and has prepared 550 […]