Buffettology

  • Burst bubbles and distressed investors
    abnormalreturns, July 31st, 2007 at 2:05 pm, Comments: 0

    The subprime mortgage market and the attendant credit market distress is causing manner of failures, including that of a high-profile hedge fund. It begs the question: if someone is losing on this investments, someone else should be winning?
    Helen Thomas at FT Alphaville reports on a couple of hedge funds that have profited [...]

  • Buffett echo
    abnormalreturns, March 8th, 2006 at 10:05 am, Comments: 0

    The initial push of headlines concerning the release of Berkshire Hathaway (BRKa) annual report is over. Now additional analysis is coming forth.
    Jon D. Markman in MSN Money is clearly not a member of the Buffett cult of personality. Markman finds Buffett’s boasts about his due diligence process as ringing hollow given the earnings [...]

  • Dueling Buffett headlines
    abnormalreturns, March 4th, 2006 at 9:55 am, Comments: 0

    It is always interesting to see how different news outlets deal with the same piece of news. This morning Warren Buffett’s Berkshire Hathaway (BRKa) released 2005 results including Buffett’s always highly anticipated Chairman’s Letter. The following are few different headlines.
    Berkshire’s Earnings Surge 54% (Wall Street Journal)
    Buffett says Berkshire gain beat S&P 500 for [...]

  • Wisdom from Lampert and Munger
    abnormalreturns, December 7th, 2005 at 3:33 pm, Comments: 0

    Kiplinger’s has two interesting pieces on a couple of extraordinary investors. The first is a Q&A with Charlie Munger by Steven Goldberg. Munger is a longtime collaborator with Warren Buffett. It is worthwhile reading because Munger speaks his mind on a range of topics including investor temperment and long term expectation for [...]

  • Quality and value stocks
    abnormalreturns, November 23rd, 2005 at 8:19 am, Comments: 0

    Herb Greenberg at Marketwatch.com has an interview with noted value investor Seth Klarman of the Baupost Group. Although Klarman has increased his exposure to U.S. equities he still holds a substantial portion of his portfolio in cash. According to Klarman because most asset classes overvalued there are few values [...]

  • Saturday links
    abnormalreturns, November 12th, 2005 at 11:37 am, Comments: 0

    Catching up on an assortment of shorter items:
    For Buffettologists the Wall Street Journal has two articles of interest. Both touch on the fact that Buffett and his methodology are advancing in age. The first by Susan Pulliam and Karen Richardson is a profile of Warren Buffett. It has a day in the [...]

  • A "magic formula" and dueling philosophies for individual investors
    abnormalreturns, November 9th, 2005 at 10:49 am, Comments: 0

    How would you like to have these as blurbs for your investment book ?
    "Simply Perfect. One of the most important investment books of the last 50 years"- Michael F. Price
    A landmark book – a stunningly simple and low risk way to significantly beat the market"
    - Michael Steinhard
    If these blurbs were from lesser investment lights, [...]

  • Monday morning follow-up
    abnormalreturns, November 7th, 2005 at 12:03 pm, Comments: 0

    A handful of links to topics of interest to us at Abnormal returns:
    FinanceProfessor.com points to a new paper on seasonality and the January effect in a global data set.
    The Capital Spectator posts an (extended) exchange with Michael Krause of AltaVista Independent Research on the prospect for earnings in 2006.
    Bloomberg.com reports that Berkshire Hathaway [...]

  • Buffett writing a book?
    abnormalreturns, October 12th, 2005 at 1:47 pm, Comments: 0

    According to a report in the New York Post, Warren Buffett, with a co-author, is pitching an investment book to the publishing world. Interest is apparently very high. This is not surprising that Buffett has spawned a mini-publishing industry all by himself. There is no shortage of books on Buffett and his [...]

  • Buffett as stock picker and currency trader
    abnormalreturns, October 11th, 2005 at 11:28 pm, Comments: 0

    A recent academic study shows what many people have long believed. That Warren Buffett’s stock picks for Berkshire Hathaway have beaten the market by a commanding margin. The study by Gerald S. Martin and John Puthenpuracakal entitled, “Imitation is the Sincerest Form of Flattery: Warren Buffett and Berkshire Hathaway” examines Buffett’s stock [...]