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Every year at the Berkshire annual meeting, Warren Buffett offers a handpicked selection of books. I dug up this year’s list from the meeting and I thought I’d list all of them below.
I’ve read several books on the list, own (still need to read) a couple more, and added several new ones to my wish list. Many, as you might guess, are about him. A few are about Charlie Munger. The rest are on investing, biographies, history…I’ll let you check out the rest. Continue Reading…
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Last year I highlighted a lecture Seth Klarman gave to a Columbia MBA class back in 2010. The video was posted on Youtube at the time, but since then it’s been made private for some reason. Because of that, I thought I’d share all my notes from his presentation. Continue Reading…
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A lot of people claim to be contrarian, but few actually are. Either, they think they’re unique in having an idea, even though everyone shares it. Or they claim it but never act.
Take Valeant Pharmaceuticals. First, imagine a stock rising to lofty heights – about $262 – from a 2009 low around $11. Had you bought it at any point before June 2015, you would have made money.
Then August came with bad news and the hits just kept on coming. The stock collapsed 87% from its highs to $35. Continue Reading…
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With the Berkshire Hathaway annual meeting right around the corner, I thought I’d dig through the site to unearth a few nuggets of Buffett wisdom that I’ve collected over the years. Continue Reading…
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Volatility gets way to much attention. It’s almost as if investors are codependent on the short-term twitches in the market. They need it, just know the market is working for them. And good ole Mr. Market loves the attention.
Jason Zweig summed this up nicely in a short article: Volatility: In the Eye of the Beholder. In it, he included this image showing volatility over three different periods. Continue Reading…
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I sat down with Brian Bain, on the Investor in the Family podcast, to discuss investing and my early life in the finance industry. Brian’s had a bunch of great guests in the past. You can find the episode on iTunes or at Investor in the Family.
It was a fun experience, though I have a newfound respect for the recorded medium. Writing – with the ability to edit – is a lot less nerve-racking than a live interview. So, if I sound like a rambling fool, I’m blaming first-time jitters.
Anyways, I thought I’d expand a bit on my past experience in the industry since I rarely cover it here. Continue Reading…