Net-Nets: A Riddle Wrapped in Mystery Inside a Cigar Butt

Posted on 11 CommentsPosted in Ben Graham, Case Studies, Investment Philosophy, Superinvestors, Warren Buffett

I received a couple questions/comments from readers lately regarding Buffett and some previous comments I made on strategy before and after the Berkshire annual meeting. I always enjoy interacting with readers. The vast majority of my days are spent researching new investment ideas, so I can’t always respond to everything, but please feel free to email me questions/comments to I read all my emails even if I don’t always have time to respond. When possible, I’ll respond individually, or […]

Mohnish Pabrai: Think Differently to Achieve Different Results

Posted on 23 CommentsPosted in Mohnish Pabrai, Portfolio Management, Superinvestors, Think Differently

I recently came across two videos with Mohnish Pabrai. Readers here know that Mohnish is one of my favorite investors to listen to. He is extremely generous with his time, and he has a genuinely interested attitude toward his audience. You can tell that he truly enjoys teaching others about his investment experiences. Pabrai has given numerous lectures over the past year, and I wrote a summary of one that I thought was particularly interesting here. In that post, I […]

Importance of ROIC Part 2: Compounders and Cheap Stocks

Posted on 33 CommentsPosted in Case Studies, Investment Philosophy

This is part 2 of my follow up thoughts on compounders, cheap stocks, and the importance of returns on capital. Part 1 is here. Also, some previous posts before that are relevant to this post as well: Thoughts on Return on Capital and Greenblatt’s Magic Formula Part 1 Thoughts on Return on Capital and Greenblatt’s Magic Formula Part 2 Buffett Shareholder Letter High ROE Wells Fargo vs. Small Community Banks A Few Thoughts on Buffett and Great Banks To recap last […]