Warren Buffett

Warren Buffett

Last Update: 11-14-2016

Number of Stocks: 50
Number of New Stocks: 3

Total Value: $128,787 Mil
Q/Q Turnover: 1%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Warren Buffett Watch

  • What Happens to Berkshire Hathaway After Buffett?

    Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) is arguably one of the safest investments there is. The company holds over $80 billion in cash and is well diversified across many different industries. All the cash generated from operations is reinvested into the company. Over the years, Berkshire has compounded book value at a double-digit rate per annum. Unlike bonds, which are considered safe but lack any potential for capital gains (when brought at issue), an investment in Berkshire is safe with upside optionality.


    However, the single biggest issue stopping investors from buying Berkshire today appears to be the company’s key man risk. Warren Buffett (Trades, Portfolio) is not a young man, it is likely that at some point within the next decade he will be forced to step down as Berkshire’s leader. What happens to Berkshire after Buffett leaves the business is difficult to predict. It is widely believed that, for the most part, the business will continue as normal.

      


  • How to Value Invest Like a Pro

    At first glance, value investing looks like an easy strategy to replicate. All you need to do is buy stocks trading at a discount to book value. It is as easy as that. Or is it?


    Buying cheap is not easy

      


  • 22 Questions With Rich Shaner

    1. How and why did you get started investing? What is your background?


    My dad is the whole reason I have gotten involved with investing. My earliest television memories are of Louis Rukeyser on "Wall Street Week." That was high entertainment on a Friday night, much to my chagrin at the time. In addition to that, my dad and I have been very close and have been doing extended road trips together since I was in Kindergarten. The two topics that surfaced the most frequently were investing and vintage race cars. Not surprisingly, both of those topics are things that I am highly passionate about to this day.

      


  • The 8 Levels of Value Investing


    “Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead but not necessarily in fast spurts. But you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day – if you live long enough – most people get what they deserve.” – Charlie Munger (Trades, Portfolio)

      


  • 23 Questions With Mike Price

    1. How and why did you get started investing? What is your background?


    I was 13 years old at a conference for salesmen that my mom brought me to because Joe Montana would be there. Phil Town presented on some technical analysis software by Investools. I never got into that, but I got some investing books at the library, started reading on the Motley Fool website and stumbled on to Warren Buffett (Trades, Portfolio).

      


  • 24 Questions With Value Investor Jacob Taylor of the UC Davis Graduate School of Management

    1. How and why did you get started investing? What is your background?


    In a past life I ran the power grid for the state of California. I enrolled in UC Davis' MBA program as a working professional to keep my career options open. Through the school, I ended up winning a lottery to have lunch with Warren Buffett (Trades, Portfolio). We had a lengthy question and answer session at Berkshire Hathaway's (NYSE:BRK.A)(NYSE:BRK.B) headquarters before Buffett treated us to steaks at Gorat's. He had a well-thought-out, articulate answer to any question we lobbed at him. I was incredibly inspired. On the plane ride home, I kept asking myself one question: how had one man accumulated so much knowledge? I started reading everything about him I could get my hands on to answer that question. I had always been interested in saving and investing, but I never had a true framework until I stumbled into value investing. After years of study, I eventually transitioned careers and founded Farnam Street Investments with my then-boss at the energy company, who also happened to be a big Buffett fan. We named the company as a tip of the cap to Warren Buffett (Trades, Portfolio)'s first partnership he started out of his house on Farnam Street.

      


  • Is Icahn Enterprises Better Than Berkshire?

    Of all the world’s great investors, Carl Icahn (Trades, Portfolio) is perhaps the most feared and respected at the same time. Icahn started his life on Wall Street as a stockbroker and worked his is way up to become the Street’s most respected activist investor and most feared corporate raider.


    From 1968 through 2011, Icahn compounded the initial $100,000 he invested in his Wall Street firm at a 31% annual rate. Over the same period, the book value of Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) grew only 20% annualized.

      


  • Which Sectors Have Strong Predictable Value Potential?

    As the U.S. stock market remains significantly overvalued, several gurus are investing in companies with strong predictable value. Such companies meet two of the most important criteria in Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio)’s investing approach: undervaluation and high business predictability. While the co-managers of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) valued companies with the price-earnings to growth (PEG) ratio, this article will focus on undervalued companies based on discounted cash flow models.


    Overview of DCF models: the theory and practical uses

      


  • 23 Questions With Brazilian Value Investor Gustavo Saiani

    1. How and why did you get started investing? What is your background?


    I actually started out as a guitarist. From the age of 15 I took it really seriously. When time came to go to a university, I tried mechanical engineering and was very unhappy for two and a half years. Meanwhile, I started teaching music and performing. I also started a tiny business making and printing things like business cards using my father’s computer and printer. This was around 1995. One of my band mates studied graphic design, which up to that point I had not considered. Belatedly, I made the connection and decided to switch to graphic design. I was much happier but ironically stopped doing graphic design work and coasted along in school, devoting all my energy to music.

      


  • 13 Questions With Argentine Value Investor Santiago Lucca

    1. How and why did you get started investing? What is your background?


    Everything begins in a very particular way. While I do not remember exactly how old I was when I had my first attraction to business, I can say it was at a very early age. I had the opportunity, with the help of my family, to make my first venture. Time passed and I became more and more interested in business. It was obvious that is, of course, where I wanted to go. Unfortunately, I did not have the opportunity Warren Buffett (Trades, Portfolio) had to buy my first three shares of Cities Service Preferred at age 11.

      


  • Warren Buffett Shares His Thoughts About the Election

    Lost in the commotion after the election was an interview of Warren Buffett (Trades, Portfolio) sharing his thoughts about the outcome. I was not aware of it. In the video posted below, interviewer Poppy Harlow asks questions covering President-elect Donald Trump’s proposals during the campaign, why Buffett supported Hillary Clinton, the stock market, and President Obama’s legacy.


    It’s clear Buffett tries to be as non-controversial as possible as he deflects questions intended to make him voice any fears about a Trump presidency. As hard as Buffett tries to deflect concerns about Trump’s temperament, he still admits that rogue nations like North Korea concern him.

      


  • Jokes, Analogies and Anecdotes in Warren Buffett’s Shareholder Letters

    In the previous article we collected the jokes that Warren Buffett (Trades, Portfolio) used in his shareholder letters. He also used a lot of analogies and anecdotes in his shareholder letters. He likes to use simple analogies to make his ideas easy to understand. These are of those he used in his shareholder letters.


    If a company sinks most of this money in other businesses that earn low returns, the company’s overall return on retained capital may nevertheless appear excellent because of the extraordinary returns being earned by the portion of earnings incrementally invested in the core business. The situation is analogous to a Pro-Am golf event: even if all of the amateurs are hopeless duffers, the team’s best-ball score will be respectable because of the dominating skills of the professional.

      


  • How Can Value Screener Record Trends Explain Market Valuations?

    As we approach the end of 2016, we can review the value screener record trends to further understand global market valuations and the predictability of companies. Each value screener lists stocks meeting specific criteria. Some value screeners list companies trading at deep discounts while others focus on the company’s predictability rank.


    Intelligent investor seeks net-net bargains

      


  • 23 Questions With Bakul Lalla

    1. How and why did you get started investing? What is your background?


    I started investing for savings to maintain future purchasing power against my personal lifestyle inflation rate. Savings are primarily earmarked for future consumption such as retirement and college education. My background comes from a family of farmers migrating from the Asian continent to the African continent, and finally to the United States. Formal background is in electrical and computer engineering.

      


  • Procter & Gamble’s Turnaround Gains Momentum

    (Published Nov. 30 by Bob Ciura)


    Until recently, Procter & Gamble (NYSE:PG) stock was performing well throughout 2016. After closing out 2015 trading around $80, Procter & Gamble stock climbed as high as $90 by October. And then, things went south.

      


  • 15 Questions With Ney Torres

    1. How and why did you get started investing? What is your background?


    I have a background in finance and a masters in real estate development. I started investing after reading a series of books (The Rich Dad, Poor Dad series) before getting into college 10 years ago, but it was too basic. Warren Buffett (Trades, Portfolio) helped with the rest.

      


  • Exclude Intangibles From Return on Capital Calculation

    Someone who reads my blog emailed me this question:


      


  • 17 Questions With Gaspare Civiero of the Value Investor

    1. How and why did you get started investing? What is your background?


    I am a 30-year-old Italian management engineer and founder of www.theValueInvestor.it.

      


  • What Does 'Understanding' a Business Really Mean?

    Someone who reads my blog emailed me this question:


      


  • Warren Buffett’s Only Dividend Stocks With 4%-Plus Yields

    (Published Nov. 28 by Bob Ciura)


    Warren Buffett (Trades, Portfolio) is arguably the most legendary investor of all time. His investment firm, Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), manages a massive stock portfolio.

      


  • Should You Keep Idle Funds in Cash, an Index Fund or Berkshire Hathaway?

    Someone who reads my blog emailed me this question:


      


  • November Buffett-Munger Bargain Newsletter is Ready for Download

    This month's Newsletter is about a company that both Warren Buffet and Charlie Munger (Trades, Portfolio) have invested in. Various issues obscure the true earnings power of the business causing the company to trade at less than 6x a conservative estimate of sustainable owner earnings.


    Get your copy of GuruFocus’s Buffett-Munger Bargain Newsletter now

      


  • Buffett Has Fallen Into a Value Trap Again

    Warren Buffett (TradesPortfolio) on airlines at the start of the century:


      


  • 19 Questions With Matt Millard

    1. How and why did you get started investing? What is your background?


    I was very lucky to get started very young with an interest in math, finance and even investing before I turned 10. My Dad was an oil and gas entrepreneur, and we would discuss different mutual funds and companies and things regarding his business and life experience in the family home office. I was also very entrepreneurial and started with lemonade stands and car washes and eventually a lawn care business and several jobs. I wanted to invest in real estate and fortunately found a local mentor and learned and grew a lot on that experience. That led to putting together a business plan and buying a property after my first year of college and getting roommates and learning a lot very quickly through experience and not just leases, maintenance and improvements but many other little things as well.

      


  • 17 Questions With Tim Travis of T&T Capital Management

    1. How and why did you get started investing? What is your background?


    When I was a teenager my Dad gave me the book the "Intelligent Investor" for me to read on a trip to Hawaii. For the first time investing, which had previously seemed a very abstract concept to me, made tangible sense. I found it so interesting that the relatively simple concept of value investing, which has been used by so many successfully, was the furthest thing from the status quo on Wall Street. I have a naturally contrarian personality so value investing was a great fit for me.

      


  • 23 Questions With Gabriele Grego of Quintessential Capital

    1. How and why did you get started investing? What is your background?


    I bought my first stock when I was 14 years old (Sony) and the investment was very unsuccessful, so I never tried again until I finished college. At the time I had studied in university about the efficient market hypothesis that basically stated, in its strong form, that it is impossible to generate alpha over time. A few years later I came across a book on Warren Buffett (Trades, Portfolio) and it was love at first sight with his investment philosophy, value investing. It just made sense.

      


  • Gurus Invest in Undervalued Biotech Stocks

    Among companies trading on the New York Stock Exchange and the Nasdaq, health care companies trade significantly below their median price-sales (P/S) valuation. At least five companies made the “Undervalued Biotech” screener, including Biogen Inc. (NASDAQ:BIIB), Gilead Sciences Inc. (NASDAQ:GILD), JAZZ Pharmaceuticals PLC (NASDAQ:JAZZ), Novo Nordisk A/S (NYSE:NVO) and United Therapeutics Corp. (NASDAQ:UTHR). As these companies present strong value potential to investors and shareholders, several gurus have invested in these companies.


    This article is Part 3 in a series of articles discussing how to visualize financial trends with interactive charts. In Part 1, we introduced interactive charts and explored preliminary features within the interface. We then explored a few predefined interactive charts in Part 2, including the income statement chart and the balance sheet chart.

      


  • A Boon for Berkshire

    Berkshire Hathaway (BRK.A)(BRK.B)'s holdings are finally on the upswing with the rest of the mega caps of the Dow and S&P 500. It’s finally starting to look like previous decisions by Berkshire management were prescient. For those who have not been initiated into the philosophy of Berkshire Hathaway, I would like to provide a simple introduction.


    CEO Warren Buffett invests in a conglomeration of private holdings that are based on value, economic moat and patience. Berkshire is listed as an insurance company on the surface, but it is so much more. The insurance portion of the company contains several private holdings including Geico and other reinsurance operations. The insurance operations are believed by many Berkshire investors and Buffett himself to provide a “hidden premium” in the book value, possibly indicating that a price-book ratio average of 1.25 to 1 is the true net asset value.

      


  • 22 Questions With Michael Nowacki

    1. How and why did you get started investing? What is your background?


    When I was 19 years old I was trying to figure out what profession I wanted to pursue. A job with a sense of contribution was important to me, but I also wanted there to be an unlimited ceiling. For example, becoming a police officer, teacher or nurse is very rewarding, but the opportunity to move up the leadership ladder in those professions is very limited. I came across a biography on John D. Rockefeller, who was also from Cleveland, and was blown away by his philanthropic achievements. I knew immediately I wanted to become a philanthropist, but you need a fortune to do that. I read everything about the people on the Forbes 400 and how history’s great fortunes were created. I realized that nearly all the self-made ultrawealthy were either business owners or investors. I studied both and fell in love with investing. In investing I get my sense of contribution by helping people achieve their financial and investment goals.

      


  • 20 Questions with Dave Vitale

    1. How did you get started investing? What is your background?


    I grew up in a small town outside of Madison, Wisconsin. My parents came over from Italy for opportunity. They were very entrepreneurial. My family had several small businesses. As a kid I had lots of energy and passion. I didn’t really care for school much at the time. I knew upon graduating high school I didn’t want to go to college right away, and I didn’t really want to do the family business thing, either. I started frequenting Barnes & Noble (NYSE:BKS) at the time and spent hours there reading books for free. I’m sure they weren’t very happy with me. I was reading business books knowing that I wanted to do something in business. It took many books before finally one really set me on fire and I accidentally stumbled upon it. I actually bought it and took it with me on my trip to Italy. It was called, "The Warren Buffett Way." It cost me $4.99. As soon as I picked it up it made total sense to me. It was like a light bulb moment. I was born skeptical and frugal so value investing really took hold. The rest is history.

      


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