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snowballbuilder

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  • snowballbuilder commented on The Science of Hitting's article 07-28 09:59
    Berkshire's GEICO Investment: "Bet Big" (Part 2)
    (This article picks up where I left off last time; see part one here) “It’s not given to human beings to have such talent that they can just...
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    snowballbuilder 07-28 10:59
    • Hi science . Thanks for a great article. 

      As for the concentration i think there are 2 lesson and component: 

      1. Bet heavily when you see a fat pitch

      2. Let your winner run (in the long run i think this is a really crucial theme)

      in the Geico case i think the performance were fulued by

      - the clear business cost advantage that Made possibile for the company to grow profitable 

      - A good and conservative underwriting policy 

      - AN effective  buyback policy 

      - A great allocation of the float By Lou Simpson (Trades, Portfolio).

      When a great business is run by a great operational manager and a great capital allocators this is the outcome (brk, markel, valeant , davita , liberty are probably example of this really rare combinations)

      Thanks for sharing . best snow
  • snowballbuilder commented on Grahamites's article 07-28 09:40
    The Power of Words - Part I
    If all my possessions and powers were taken from me with one exception, I would choose to keep the power of words, because by them I would recover...
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    snowballbuilder 07-28 10:40
    • Grahamites i really think you are a great writer but this time i ve found the article a bit woolly. 

      With respect, best snow 
  • snowballbuilder commented on Grahamites's article 07-26 02:34
    The Power of Words - Part I
    If all my possessions and powers were taken from me with one exception, I would choose to keep the power of words, because by them I would recover...
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    snowballbuilder 07-26 03:34
    • A bit boring
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