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 […]

Superinvestors

Walter Schloss Factors Needed to Make Money in the Stock Market

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The following is a list of investment tenets and principles that Walter Schloss put together in 1994. Schloss is one of my Superinvestors that I model much of my investment philosophy and strategy after. Schloss averaged over 20% per year from 1955-2002 while running his private investment partnership (vs. the market’s 7%). Read more about his ideas on my Walter Schloss resource page. Here are the 16 “Factors Needed to Make Money in the Stock Market”. Notice the simplicity in […]

Joel Greenblatt

Joel Greenblatt Special Situation Investing Notes Part 1

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One of the blogs I read often (CSInvesting.org) recently did a blog post that contained links to some of his notes from a value investing class audited at Columbia. He doesn’t list who the investor is in his notes, as he says he wants his readers to be unbiased as they read through the notes. As I read through the first link that he calls Class Notes-Introduction to Value Investing for Special Situations, it’s clear that the class is being […]

Bruce Berkowitz

Bruce Berkowitz Interview at University of Miami

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I came across an interview that the University of Miami did recently with Bruce Berkowitz of Fairholme Funds. Berkowitz is famous for putting together one of the best records of the last decade in the mutual fund industry, returning about 11% per year since 2000 (with billions of dollars of AUM) vs the market’s 0%. Berkowitz is famous for taking big, concentrated positions, and he isn’t always right, but his big positions are the reason for his dramatic outperformance. He […]