Stock Analysis
The Value Trap of Deeply Cyclical Stocks
It is easy to love deeply cyclical companies, which have benefited from the run-up in commodity prices over the past decade.
Interview with Advisor Perspectives
I wanted to share with you my interview with my friend Bob Huebscher who runs a terrific website Advisor Perspectives. I am very excited about this interview because in a very unconstrained format we had a chance to discuss Paul Krugman’s latest bearish article on China, the linkage between the European crisis and Chinese and Japanese bubbles.
Microsoft Is Not as Boring as it Appears
I am on my third cup of coffee, but my lack of excitement has not changed, as I am about to explain why the sleepiest, most boring stock in the universe - Microsoft Corp. - offers a very compelling reward with very reasonable risk.
Why Hewlett-Packard Is Today’s Most Hated Stock
When it comes to investing, love is not cheap. The trick is to identify misplaced hate that will turn into love. This brings us to the most-hated stock today: Hewlett-Packard Co.
Some Thoughts on Buffett’s BRK Buyback Announcement
Buffett is not a typical CEO, in fact he is very hands off CEO. He doesn’t have stock options, he owns a lot of Berkshire (BRK) stock and has a very long-term time horizon.
HP: Grow Up, Already
HP, once the symbol of innovation, is being dismantled by its high-pedigreed board and the CEO of the hour.
Thoughts on Brown & Brown: Stay Away!
Very significant portion of Brown & Brown’s (BRO) growth in the past came from acquiring brokers. I am naturally skeptical of sustainability of this type of growth as it comes with the following risks
Finding Investment Treasures in International Markets
International stocks need not be seen merely as a necessary evil for diversification—they should contribute in a real way to raising that bar, as they increase the quality of the investment pool.
Jeff Saut: Efficient Markets?!
Jeff Saut, Chief Market Strategist at Raymond James kindly mentioned my Cisco article in his weekly letter.
The Boulevard of Broken Charts
Markets are efficient, or so we’ve been told. I am not here to put a rebuttal to this academic nonsense, but let me give you one of the core reasons why markets are and will remain inefficient: because human beings are efficient.
VALUEx Vail 2011
VALUEx Vail is designed for serious PROFESSIONAL investors to share ideas, learn from one another experiences, all while enjoying each others company and fun activities in the beautiful Colorado mountains.
I am back!
I am back! It was an amazing trip. It started with Warren Buffett’s Omaha. I flew into Omaha on Thursday morning, and a few hours later received a call from the CFA Society of Nebraska, asking me to give a talk to their members.
Microsoft Just Pulled Another “Microsoft” with its Purchase of Skype
"Microsoft is near a deal to buy Skype for $8.5 billion." Microsoft is pulling another "Microsoft", though this time it may actually succeed.
Quarterly Letter – Q1 2011 – Part 1
I’d like to share excerpts from our quarterly letter we send to our clients. I’m not sharing the full letter, we are still accumulating shares in some stocks.
See You in Omaha 2011
It is time again for the annual trip to Warren Buffett’s Omaha to Berkshire Hathaway annual meeting. Warren Buffett over the years was turned into god.
Buffett, Sokol, Caesar’s wife must be above suspicion
Some investors expressed concerns about Mr Sokol’s actions. Any time you buy stock in a company which your employer then buys just does not smell right.
Set the Bar High
The world today is riddled with unique economic, political, and demographic risks. Finding attractively priced assets that will perform well in spite of these challenges is excruciatingly difficult.
What Fiddler on the Roof has to do with Value Investing
My interview with Forbes' John Dobosz on what value investing and Fiddler on the Roof have in common.
Interview with Adviser Perspectives
To paraphrase Nassim Taleb, "Giving interviews is the art of repeating oneself without anyone noticing." With the new book out, I have the pleasure and the opportunity to perfect that art.
My 10 Favorite/Important Articles from 2010
Here are my 10 most favorite/important articles from 2010, all of them are still relevant today.
