by John Huber | Mar 22, 2017 | Books, Case Studies
I’ve heard more and more commentary/concern about the level of the overall market lately. With the market relentlessly marching to new all-time highs just about every day, I’ve even begun to hear the word “bubble” being used. While I certainly don’t think the market...
by John Huber | Feb 27, 2017 | Charlie Munger, Investment Philosophy, Think Differently
A couple weeks ago, I flew to Los Angeles to listen to Charlie Munger at the Daily Journal annual meeting. These days, you can read the transcript of these events or even watch it on YouTube, so there is less of a practical reason to attend the actual event. But the...
by John Huber | Jan 23, 2017 | General Thoughts, Investment Quotes, Think Differently, Warren Buffett
Buffett talks a lot about the concept he calls the “institutional imperative”. In his 1989 shareholder letter, when he was describing his mistakes of the first 25 years managing Berkshire, he outlines what he means by this (emphasis mine): “My most surprising...
by John Huber | Jan 12, 2017 | Case Studies, Charlie Munger, Investment Philosophy
A few months ago we had an interesting post/discussion on the site where Matt Brice and I share some of our research and investment ideas. The topic was Munger’s ability to quickly discard an investment opportunity if it was something he didn’t understand or a...
by John Huber | Dec 12, 2016 | Edge, Industry-Banks, Investment Philosophy, Saber Capital Management
A couple months ago I read an investment write-up on a large-cap stock that is one of the most widely followed and largest companies in the S&P 500. There was a comment that basically asked the following question: “What is your edge with this stock?” The...
