Link to Podcast:
Frank welcomes Edward Karr onto his show to discuss Bitcoin and other crypto currencies
I read investment letters from famous investors and catalog them for easy reference. Select and timely podcasts and videos also.
Sunday, June 18, 2017
Saturday, June 17, 2017
1978 Berkshire Hathaway Letter to Shareholders
Link:
Key Points:
Key Points:
- Accounting issues of consolidating results between wholly owned and partially owned companies
- Optimism about long term equity holdings
- Inability to predict short term equity prices
- Discussion concerning textile business being a commodity business with no differentiation between competitors
- Expresses Sentimental attachment to textile business, management,and workers
- Insurance business produces excellent results
- Difficult to "buy good insurance businesses"
- Stock selection criteria; businesses we can understand, with favorable long term prospects, operated by honest and competent people, priced attractively
- Buys stocks at perceived low valuations in large concentrations
- Prepared to wait for market to re-value share holdings higher
- Discussion of disposition retained earnings of companies in portfolio
Tim Ferris Podcast- The Quiet Master of Cryptocurrency
Tim Ferris:
Interview with Nick Szabo
"Trusted Third Parties are Security Holes"- Nick Szabo
Wide ranging conversation on cryptocurrencies including Bitcoin, Ethereum, etc... including their origin, utility, future uses and applications.
Interview with Nick Szabo
"Trusted Third Parties are Security Holes"- Nick Szabo
Wide ranging conversation on cryptocurrencies including Bitcoin, Ethereum, etc... including their origin, utility, future uses and applications.
1977 Berkshire Hathaway Letter to Shareholders
Link to Letter
Key Points:
Key Points:
- Measure of management performance should be return on equity capital.
- Continued struggles in the textile business; some related to industry and some self inflicted.
- Shareholder questions about staying in textile business.
- Buffets sentimental comments about management and workforce.
- Discusses the successes and mistakes of Berkshires's Insurance business.
- Emphasizes the non-proprietary nature of Insurance business and the importance of managers.
- Emphasis on long term holding of investments and description of stocks as "small pieces of a company"
- Selection criteria for stocks
Subscribe to:
Posts (Atom)