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August Buffett-Munger Bargain Newsletter is Ready for Download

August 16, 2014

The Buffett-Munger Bargain Newsletter pick is about one of the best-managed conglomerates in the US. Under current management, the stock has handily outperformed the S&P 500 by a wide margin. The stock is easy to value and clearly trades at a significant discount to the value of the underlying assets.

“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price….when buying companies or common stocks, we look for first-class businesses accompanied by first-class managements.”

- Warren Buffett (Trades, Portfolio) (1989)

Can’t wait to know this stock’s name?

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

What’s a Buffett-Munger Bargain?

A Buffett-Munger Bargain is a “wonderful company” selling at a “fair price”. To be a wonderful company a stock must pass Warren Buffett (Trades, Portfolio)’s 7-point checklist:

1. Simple Business
2. Favorable Long-Term Prospects
3. Able and Honest Management
4. Consistent Earnings
5. Good Return on Equity
6. Little Debt
7. Very Attractive Price

What’s the Buffett-Munger Bargain Newsletter?

GuruFocus’s Buffett-Munger Bargain Newsletter picks one new “wonderful company” selling at a “fair price” every month. The pick is made using GuruFocus’s Buffett-Munger Screener and Warren Buffett (Trades, Portfolio)’s 7-point checklist. A new issue goes out to subscribers on the third Friday of every month.

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

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Dr. Paul Price
Dr. Paul Price premium member - 2 years ago

The list of stocks shows prices for all but ORCL as of Jan. 2014.

Oracle is listed with a Jan. 2013 date and price which overstates its YTD return.

ORCL closed at $37.84 on Jan. 2, 2014- not the lower price shown in the latest newsletter's list.

Bradlewski premium member - 2 years ago

Dr. Paul Price

I was just about to mention the same thing but you got here first.

Hopefully, Francis (the editor) will have this corrected for the next newsletter.

Time will tell.


Batbeer2 premium member - 2 years ago

Hi Dr Price, Bradlewski,

The price is correct.

Hibbett Sports (line 10 in the table) and Oracle (line 16) were carried over from 2013.

You can see this in the "since" column where it says "2013". The cost is therefore the price on 1/1/2013 so unlike the other stocks, the percentage change does not reflect the YTD performance.

The point was adressed here too (in response to a question by user Abhunia/Aninda).

Bear in mind this is simply a computer-generated portfolio. Any stocks that make screener for consecutive years are left untouched. They are left to compound. The table in the newsletter you refer to is just a copy of the table on the site here.

For 2014, only two stocks made from the 2013 model portfolio made it for the 2014 model portfolio. Turnover is usually lower,

Hope this helps.

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