Is 2019 Berkshire Too Big to Win?

I am reviewing the most recent Berkshire annual meeting (and related press appearances). This has triggered a couple of thoughts which I now feel compelled to inflict upon you. One relates to a topic I have written about before: Is Berkshire too Big to Win? Well, Messrs. Buffett and Munger made some comments that seem to shed some light on their answers to this question.

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Einhorn Versus Buffett: a Great and the GOAT on AAPL

David Einhorn recently issued his investor letter for the third quarter, generating media reports concerning the contents.  He reportedly compared Tesla to Lehman Brothers (I recently discussed Tesla here).   He also went on to discuss his decision to liquidate his Apple (“AAPL”) position.  See CNBC story reporting on letter.

Einhorn’s stated reasons for this move, the process and circumstances surrounding this action, as contrasted with those of Buffett’s AAPL investment, led to a couple of observations. Continue reading “Einhorn Versus Buffett: a Great and the GOAT on AAPL”

Investing Diary: Macro Trippin’

A little trade war angst has spiced things up a bit in the markets lately.  So…I bought some stuff.  Also, Barron’s had a negative Berkshire article suggesting some dramatic changes for Buffett, complete with recommendations about how to deal with his “cash problem.” Continue reading “Investing Diary: Macro Trippin’”

Mr. Greenblatt Comes to Town

Joel Greenblatt is one of my favorite investors to follow.  He recently did a couple of interviews which provided an interesting contrast.  In one interview, he threw some shade on the “value factor” in the other interview he recommended a value factor fund as a good investment for retail investors to hold over the long run. Continue reading “Mr. Greenblatt Comes to Town”

Podcast(s) of the Week

It is time for another podcast of the week.   I took the punishment of listening to lots of mediocre (and some great) pods for you and will now flag one (or a few) for your listening pleasure. Continue reading “Podcast(s) of the Week”

Foreign Value Factor ETFs Update

Back on November 24, 2017, I published a post entitled Best Foreign Value Factor ETFs. In that post, I looked at several options and attempted to compare and contrast them on the road to picking one for purchase.  Since we just finished up the first quarter of 2018, I though I would take a look at the performance of these options since the prior post. Continue reading “Foreign Value Factor ETFs Update”

Podcast of the Week

I listen to many investing and finance podcasts (I follow around 20). Even a finance nerd like me can become overwhelmed and buried in the abundance of beautiful pods.  It can be a real drag on your time.  So, I am going to start to “dive on the grenade” and provide you, dear reader (or future self), with one podcast per week that may be worth a listen. Continue reading “Podcast of the Week”

Resource Roundup: More CAPE

This is another in my “Resource Roundup” series, highlighting some resources that I hope you will find useful.  Today, we are going to beautiful Newport Beach, California and across the pond to Deutschland to explore some CAPE-tastic things. Continue reading “Resource Roundup: More CAPE”

Bet with the GOAT or the goats on AAPL?

The Financial Times Alphaville Blog is a great read and you should consider adding it to your roster. It is not behind a paywall, so check it out (I also subscribe to the FT). Today, Alphaville published The world is overweight Baba, which prompted another thought about Buffett, his opportunity set, and Apple (“AAPL”).  Continue reading “Bet with the GOAT or the goats on AAPL?”