Warren Buffett says bitcoin is 'probably rat poison squared'
https://www.cnbc.com/2018/05/05/warren- ... uared.html
1) Circle of competence
2) Piece of a business
3) Margin of Safety
What is the “Buffett Indicator”? You just take the total market value of all stocks and divide it by the gross domestic product. When that ratio is more than 100 percent, stocks are generally considered to be overvalued.
The Buffett indicator peaked at about 145% right before the dot-com bubble burst and reached nearly 110% before the financial crisis.
Right now, we are at almost 149 percent, which is the highest level ever recorded…
1. Apple
2. US Bancorp
3. Bank of NY Mellon
4. Delta Airlines
5. Southwest Airlines
6. GM
7. Teva
1. Easy-to-Understand Businesses
2. Low Debt Levels
3. High Profitability and Return-on-Equity
4. Proven Managerial Expertise
5. Attractive Valuation and Measurable Margin of Safety
6. Sustainable Economic Moats
7. Consistent Free Cash Flow and Owner Earnings
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