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A Quote from 1992 Annual Shareholder's Letter from Buffett

February 17, 2014 – Comments (0)

Whether appropriate or not, the term “value investing” is widely used. Typically, it connotes the purchase of stocks having attributes such as a low ratio of price to book value, a low price-earnings ratio, or a high dividend yield. Unfortunately, suchcharacteristics, even if they appear in combination, are far from determinative as to whether an investor is indeed buying something for what it is worth and is therefore truly operating on the principle of obtaining value in his investments. Correspondingly, opposite characteristics – a high ratio of price to book value, a high price-earnings ratio, and a low dividend yield – are in no way inconsistent with a “value” purchase.  [more]



Bet the Jockey, not the Horse

January 12, 2014 – Comments (2)

I wrote this book summary on the boards in the end of July 2010. I enjoyed re-reading it.   [more]



Random Buffett quote from 1979

November 23, 2013 – Comments (0) | RELATED TICKERS: PCLN

Both our operating and investment experience cause us to conclude that "turnarounds" seldom turn, and that the same energies and talent are much better employed in a good business purchased at a fair price than in a poor business purchased at a bargain price."  [more]



Putting your pants on one leg at a time

July 17, 2013 – Comments (0) | RELATED TICKERS: WMT , FDX , AAPL





May 06, 2013 – Comments (4)

14th July 2009 -- this was when I referred to the 99s CAPs club as the holy grail. Below is my amatuerish post:   [more]

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