by John Huber | Sep 29, 2015 | Portfolio Management, Shareholder Letters & Reports, Warren Buffett
I was glancing through the Berkshire letters from the late 1990’s because I recall Buffett briefly mentioning his large silver position he acquired and I was trying to see if Buffett referenced the specific cash cost of production. He didn’t in the letter—only...
by John Huber | Aug 10, 2015 | Investment Quotes, Portfolio Management, Warren Buffett
“One of my friends—a noted West Coast philosopher—maintains that a majority of life’s errors are caused by forgetting what one is really trying to do.” – Warren Buffett, 1965 BPL Partnership Letter I’ve read a few things lately discussing the benefits of...
by John Huber | Jun 17, 2015 | Portfolio Management, Think Differently, Warren Buffett
Someone on the Corner of Berkshire and Fairfax board recently posted this comment referencing Buffett’s well-known piece on inflation from 1977. In the article, Buffett describes the variables that drive a company’s return on equity. There are only five ways...
by John Huber | Jun 2, 2015 | Case Studies, Investment Quotes, Warren Buffett
Earlier this year I watched Lang Lang play Grieg’s Piano Concerto in A Minor—one of my all-time favorite pieces of music. The concerto is a monster—full of big octaves, virtuosity, excitement and power. It has around 30,000 notes, but the music is tied together with a...
by John Huber | Mar 26, 2015 | Investment Philosophy, Shareholder Letters & Reports, Superinvestors, Warren Buffett
Last weekend I spent a couple hours reading through Buffett’s old partnership letters (again). I was looking for something specific that I remembered him talking about, but then as I was flipping through them trying to find this comment, I just decided to read them...
by John Huber | Jan 6, 2015 | Ben Graham, Investment Philosophy, Warren Buffett
“The newer approach to security analysis attempts to value a common stock independently of its market price. If the value found is substantially above or below the current price, the analyst concludes that the issue should be bought or disposed of. This independent...
