Investment Philosophy

Buffett: This is What Creates Huge Opportunity

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I was watching an old video of Warren Buffett talking to University of Georgia students from 2001, just after the tech bubble burst. It’s a great video to watch (as are most videos when Buffett is giving a lecture). One of the highlights for me is listening to Buffett discuss his very basic philosophy on value investing and why it works. At around the 50 minute mark of this video, he gets asked this question (paraphrasing): How is the recent […]

Bruce Berkowitz

Investing Quotes-Bruce Berkowitz

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“I think our philosophy makes a lot of sense. We’re doing nothing more than what the wealthiest individuals in the world have done. We act like owners. We focus on very few companies. We try and know what you can know. We try and only buy a few companies which we believe have been built to last in all environments. We recognize that you only need a few good ideas in a lifetime to be fabulously wealthy…. We’re always trying to wonder what […]

Investment Philosophy

Big Lots: An Example of How Neglect is Profitable

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I came in this morning and noticed one of the stocks I follow reported earnings this morning. Shares of Big Lots (BIG) are up about 10% after reporting better than expected bottom line results. I haven’t had a chance to read through the full results yet, having just glanced at the headline results, but this is an example of a classic situation I try to take advantage of… Big Lots has been appearing on the 52 week low list (a […]

General Thoughts

42% per year by buying “5-star wide moat” stocks?

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I use two main tools on a daily basis while doing my stock analysis and research: Value Line and Morningstar. Both provide a great long term history of company financial data all in one place, making it very easy to determine if a particular stock is worth investigating further. I use Value Line as more of a magazine to flip through stock tables on a daily basis looking for ideas. I use Morningstar as a way to quickly plug in ticker […]