@NICKRADICAL4 @j2004run @contrarian8888 Looking the universe of common equites: $RIG certainly has extraordinary leverage.
However, if the universe is expanded to all listed securities — i.e., common equities and more:
https://t.co/paeIZHgX9I
At age 22, Warren Buffett details his investment thesis for Western Insurance Securities, as published in The Commercial and Financial Chronicle on April 9, 1953.
Warren Buffett details his investment thesis for Home Protective Co., as published in The Commercial and Financial Chronicle on December 19, 1957.
61,463 total shares outstanding at $85 per share; approximately $50 market capitalization in present dollars.
Warren Buffett details his investment thesis for Oil & Gas Property Management, Inc. — “The Inflation Hedge I Like Best.”
As published in The Commercial and Financial Chronicle on January 17, 1957.
Grahamian Value Week in Review ― April 23, 2021
“Begin at the beginning”, the King said gravely, “and go on till you come to the end: then stop.”
— Lewis Carroll, Alice in Wonderland
https://t.co/ggkI0DOm4l
Grahamian Value Week in Review ― April 16, 2021
“The safest and most profitable thing is to buy something when no one likes it. Given time, its popularity, and thus its price, can only go one way: up.”
— Howard Marks (January 24, 1994)
https://t.co/9rFn26c1dr
Grahamian Value Compendium ― April 9, 2021
“Just keep accumulating knowledge. That’s one of the beauties of the business that Charlie and I are in, is that everything is cumulative... you’re building a database in your mind...”
— Warren Buffett (2001)
https://t.co/uLhZjowbFv