chmol

Stock investor, french

[Pessimists Archive @PessimistsArc]

65 years ago… https://t.co/eDzeOXB6cM

[WOLF @WOLF_Financial]

BERKSHIRE HATHAWAY DIRECTOR CHRIS DAVIS ON WHY GREAT OPERATORS ARE THE MOST OVERLOOKED ALPHA IN INVESTING:

"Nobody looks at LeBron and thinks 'I could do that.' But people are very quick to figure the ones who did well in business just got lucky."

His example: Jamie Dimon's career arc.

"Commercial Credit → Primerica → Travelers → Aetna → Citi. Then Bank One, where he wrote one of the best first investor reports. Then JPMorgan, which had completely lost its way, gone from preeminence to almost irrelevant. He turned it into a company not even in the same category as its peers."

His point: most investors don't recognize this kind of operator until it's too late.

"You go visit a company and you meet one person who is just better. It's like watching LeBron play at 18 and thinking 'oh yeah, he's different.' People underestimate that in business."

[Adrian Saville @AdrianSaville]

The "market" is terrible at predicting rates because views are shaped by economists who are the OG in prediction error.

[Jason @DukeInShadows]

Fairfax AGM $FFH.TO

[Trevor Scott @TidefallCapital]

Almost no return on $BABA 12 years post IPO

[OneBagger @onebeggar]

Instructive anecdote from a recent Caledonia Investments event. When half the world was concerned with balance sheet risk during the GFC, Warren Buffett was worrying about pricing power $mco

[Andy @evfcfaddict]

FCF Yields (e) of some European companies that do lot of buybacks:

$TMV.DE 22%
$TEP.PA 28%
$IPS.PA 16%
$BEKB.BR 13%

No position.

[Trevor Scott @TidefallCapital]

Got this one framed for a reason. $ffh.to

[Ohio Capital Ideas @ohcapideas]

Updated view of $BOL.PA. I have it at a 66% discount to NAV right now. Obviously, the NAV is now mostly $UMG.AS and cash. But, it's pretty striking how cheap the legacy Vivendi pieces are trading. $VIV.PA itself is at a ~46% discount and is mostly $UMG.AS as well.

[Paul Fairie @paulisci]

1938

[Finding Compounders @F_Compounders]

Free Cash Flow is Key

[Finding Compounders @F_Compounders]

With Greg Abel being set to take over from Warren Buffett

Found this article on him

Interesting read on his come up and accomplishments

[Finding Compounders @F_Compounders]

Warren Buffett in his 2013 letter lists certain fundamentals of investing

[prayingforexits 🏴‍☠️ @mrexits]

Bill Ackman on how to compound your way out of bad times

[Trevor Scott @TidefallCapital]

Added a second column to the $FFH.to agm slide

[Finding Compounders @F_Compounders]

Seek firms that create equity

[Republicans against Trump @RpsAgainstTrump]

Elect a clown, expect a circus

[MastersInvest.com @mastersinvest]

“If I was on Wall Street I’d probably be a lot poorer. You get overstimulated on Wall Street. You hear lots of things. You may shorten your focus and a short focus is not conducive to long profits. Here I can just focus on what businesses are worth.”

- Warren Buffett

[Paul Fairie @paulisci]

A Brief History of Shorter Work Weeks Are Coming

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