Warren Buffett

Warren Buffett

Last Update: 02-17-2015

Number of Stocks: 47
Number of New Stocks: 2

Total Value: $109,365 Mil
Q/Q Turnover: 3%

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

Warren Buffett Watch

  • True Value Investing Includes Quality And Growth

    What does the word "Value" actually mean?

    When you say something is of value to you, does it only imply easily available? Or inexpensive?


  • Value Matters – Weitz Fund Q1 2015 Investor Letter

    April 9, 2015

    Dear Fellow Shareholder:

  • Glean Information from Option Action

    Option Trading can Sometimes Provide Insight

    Unusual and 'irrational' activity often tips future price action


  • Benjamin Graham’s Dirty Little Secret for the Small Investor

    Heading into what could be a volatile earnings season, many investors gravitate to large cap stocks.

    Since the media tends to focus on big, recognizable names, you may think large cap stocks are safe and predictable. If the stock has a large percentage of institutional investors, small investors generally assume, it is likely it will offer greater returns. After all, institutional investors have access to a level of research and analysis that small retail investors don’t. The reasoning may be convincing but, as those who signed up for free net net stock picksknow, the truth is more complex.


  • Waiting For The Right Pitch – Diamond Hill Capital

    Patience is a virtue, both in life and in investing. As a long-term investor in a short-term focused world (and a father of three young children), I know that remaining patient is not always easy. At Diamond Hill, we keep the advice of both Warren Buffett (Trades, Portfolio) and legendary hitter Ted Williams in mind and try to wait for the “right pitch.”

    After following and admiring Oklahoma-based bank BOK Financial Corp. (BOKF) for nearly five years, we finally got the “right pitch” in late 2014. Following the post-Thanksgiving slide in oil prices, investors decided to shoot first and ask questions later, selling shares of banks with meaningful energy exposure regardless of the banks’ energy lending experience. We were happy to use this opportunity to invest in a high-quality franchise.


  • Time Warp: Warren Buffett on the Stock Market, circa 1999

    Warren Buffett doesn’t spend a lot of time talking about “the market,” and he certainly doesn’t try to time it. As a “bottom-up” investor that looks at individual companies, that’s not his game.

    Or at least that’s what you think. The truth is, Mr. Buffett has had quite a bit to say over the years about “the market.” Buffett is no dummy. He’s well aware that as the market goes, so go the valuations of the vast majority of stocks that make up the market, including his own, Berkshire Hathaway (BRK.A) (BRK.B).


  • Why Is Buffett Buying These Stocks? QSR And AXTA To Follow TESO

    I have two questions about these investments.

  • Barron's Highlights GuruFocus for 'Extensive' Buffett Coverage

    In the wake of Berkshire Hathaway (BRK.A)(BRK.B) and 3G Capital’s purchase of Kraft (KRFT), Barron’s searched for investing websites with insights into Buffett and company’s strategy, and highlighted GuruFocus as a site to follow for extensive Warren Buffett (Trades, Portfolio) coverage.

    In the April 11 article, Barron’s refers to the Buffett-Munger newsletter pick of Precision Castparts (PCP) as one that makes more sense than the Kraft purchase, a company that looks expensive to most investors. Though Precision Castparts may also seem expensive, it is a bargain in hindsight, says newsletter editor Francis van den Broek. GuruFocus founder Charlie Tian was also quoted on his reasoning for the Kraft acquisition.


  • Citi Adds General Motors to its Focus List

    Citigroup recently added General Motors (GM) to its focus list and reiterated its buy rating on the company. According to analysts, investors are missing some important catalysts that can likely help General Motors' stock price. In particular, he talked about margin expansion potential from 2016 and 2017 product cycles, accelerated European sales recovery, exit from loss making Russian operations and tailwinds from lower raw material prices.

    The company has seen positive commentaries from other analyst as well. Last week, Sterne, Agee & Leach analysts Michael Ward and Ali Faghri reiterated their Buy rating and a $50 price target on the stock citing the Canadian government plans to sell its remaining stake in the company. RBC Capital Markets analyst Joseph Spak also released a positive earnings preview on the company citing positive North American price and mix, and a lower than expected European loss.


  • Value Investing Professor Aswath Damodaran – Describing and Analyzing Multiples

    Charlie Munger (Trades, Portfolio) when discussing how to value a business said that he had never seen Warren Buffett (Trades, Portfolio) break out an excel spreadsheet to determine value.

    If an opportunity isn't obviously table pounding attractive, Munger and Buffett aren't interested.


  • IBM: A Reality Check on Thinking and Investment Process – Part II

    In my previous article, I took the chance and reflected upon what I learned, and how my thoughts have changed since I wrote the two IBM (IBM) articles during 2014. I wrote the following provocative statement towards the end of the article: “I’m not sure how many investors would have bought IBM if Berkshire Hathaway (BRK.A)(BRK.B) had not been a shareholder.” The reason why I made this statement was hinted in my conclusion sentence of the article: IBM’s business is too complicated and there are a good amount of disconfirming evidences.

    Let me first clarify that I think there is a lot to like about IBM. I am not against it at all. My intention for writing this article series is not to reinforce what everyone already knows, but hopefully, to provide another angle in looking at IBM.


  • Model Portfolio Review – April 7, 2015

    In the past six years, the S&P 500 gained 24.71% in 2009, 11.65% in 2010, 0% in 2011, 12.1% in 2012, 31.8% in 2013 and 11.39% in 2014. The market performance looks good. Could investors make more money by investing in GuruFocus Model Portfolios? It is time to check the performances. The following are the details of the performances of the four value strategies:

    Value Strategies (Long):


  • Securities in an Insecure World - Notes on a 1963 Lecture by Ben Graham

    Recently, the Wall Street Journal published some notes from a lecture by Benjamin Graham that occured in 1963. In there, as usual, the brilliant insight of Mr. Graham shines across the lecture. Since it is a large document, I decided to share and comment some of the most important points from my point of view.

    “The argument that common stocks are and always will be attractive, including the present time, because of their excellent record since 1949- involves in those terms a very fundamental and important fallacy. This is the idea that the better the past record of the stock market as such, the more certain it is that common stocks are sound investments for the future… As I see it, the real truth is exactly the opposite, for the higher the stock market advances the more reason there is to mistrust its future action if you are going to consider only the market’s internal behavior. “


  • Notes From Q&A Between MBA Students And Warren Buffett

  • IBM: A Reality Check on Thinking and Investment Process - Part I

    One thing I absolutely love about writing articles and posting them on GuruFocus is that doing so helps me keep track of what I thought in the past. As I evolve as an investor and hopefully get better over time, and as future events play out, I can go back and assess what I thought then compared to what I know now and what happened in reality. Then I can ask myself if I made a mistake in my thinking and analysis. Or was my analysis correct, but the most probable outcome failed to happen, or failed to happen on time?

    This brings me back to a stock that I have written about twice in the past – IBM (IBM). In my first article written in May last year, I laid out what I thought was the case for IBM based on my very limited knowledge about the business. Here is the link to the article. In it, I wrote the following reasons why IBM could be a good investment:


  • Warren Buffett: Exclusive Interview

    Warren Buffett (Trades, Portfolio) did an interview with IconicVoices.org where he discusses a variety of topics.


  • Exclusive Interview With Tom Russo Part II

    This is the second portion of the interview we conducted with Tom Russo (Trades, Portfolio). The first part of ther interview can be found here. We would like to thank our readers again for the questions submitted. Due to time, we were unable to ask all of them.

    6.The power of brands as “a share of the consumer’s mind” is clearly quite important to you and the cash flow that comes from that sort of moat. Any thoughts on technology brands (ex: Facebook (FB), Google (GOOG))?


  • Market Valuations and Expected Returns – April 2, 2015

    The market was up more than 30% in 2013, the best year since the go-go years of 1990s. 2014 was another strong year for the market. The S&P 500 index was up more than 13%. Since the market recovery in 2009, the stock market has been up for 6 consecutive years. Yet in January 2015, the stock market benchmark S&P 500 lost 3.10%. In February, the market regained its strength by increasing 5.49%. Throughout March, the market went down by 1.74%. Can the market continue to grow in 2015?

    Bernard Baruch once said, “A market without bears would be like a nation without a free press. There would be no one to criticize and restrain the false optimism that always leads to disaster.”


  • This Investor Met Buffett In 1969 And Has Made Hundreds of Millions Since

    One of the lesser-known investors on GuruFocus.com is John Pappajohn, a Greek immigrant who met Warren Buffett (Trades, Portfolio) in 1969 and has earned 40% annual returns ever since. A self-made multi-hundred millionaire, Pappajohn is an active investor with a portfolio that should fascinate any investor looking to beat the market long term.

    Pappajohn was raised in Iowa, neighboring Nebraska and "The Oracle of Omaha." He graduated from college in 1952. By 1969, he had saved just enough money to become a venture capitalist: $100,000.


  • Exclusive Q&A Interview With Tom Russo Part I

    We recently had the opportunity to interview guru Tom Russo (Trades, Portfolio) of Gardner Russo & Gardner about his investment strategies in global investing, as well as how he became an investor. The questions asked are from our readers.

    Although we received around 44 questions, we were only able to use 15 of them due to time constraints, but we thank all of your for your submissions and encourage you to please continue to submit your questions for our Q&A’s with the gurus.


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