Warren Buffett 03 (May 15 - Dec 23)

Re: Warren Buffett 03 (May 15 - Dec 20)

Postby winston » Mon Mar 25, 2019 11:33 am

The 10 Rules That Made Warren Buffett a Billionaire

by Doug Whiteman

Source: MoneyWise

https://finance.yahoo.com/news/10-rules ... 58470.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Warren Buffett 03 (May 15 - Dec 20)

Postby behappyalways » Sat Mar 30, 2019 6:09 pm

Buffett on the economy: 'It looks like things have slowed down'
https://www.cnbc.com/2019/03/28/buffett ... -down.html
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Re: Warren Buffett 03 (May 15 - Dec 20)

Postby behappyalways » Thu Apr 04, 2019 4:15 pm

Warren Buffett Answers 10 Key Investing Questions
https://finance.yahoo.com/news/warren-b ... 27457.html
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Re: Warren Buffett 03 (May 15 - Dec 20)

Postby behappyalways » Tue Apr 23, 2019 4:09 pm

Charlie Munger praises this 1 trait of Warren Buffett's—without it, 'you won't get very far in life'
https://www.cnbc.com/2019/04/21/billion ... -life.html
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Re: Warren Buffett 03 (May 15 - Dec 20)

Postby winston » Sun Apr 28, 2019 4:23 am

Warren Buffett says Berkshire could buy back $100 billion stock: FT

The buybacks began in part because of Buffett's inability to make a major acquisition, a significant reason Berkshire ended 2018 with $111.9 billion of cash and equivalents.

In the interview, Buffett "waved off" the idea of paying a shareholder dividend.

Berkshire's market value is more than $520 billion, based on reported shares outstanding.


Source: Reuters

https://finance.yahoo.com/news/warren-b ... ector.html
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Re: Warren Buffett 03 (May 15 - Dec 20)

Postby behappyalways » Sun May 05, 2019 3:04 pm

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Re: Warren Buffett 03 (May 15 - Dec 20)

Postby behappyalways » Sun Dec 01, 2019 4:25 pm

Warren Buffett is sitting on $128 billion, raising questions about whether the market is overvalued
https://www.cnbc.com/2019/11/29/buffett ... ation.html
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Re: Warren Buffett 03 (May 15 - Dec 20)

Postby winston » Tue Jan 07, 2020 8:07 pm

Warren Buffett's Checklist

by Vishal Khandelwal

I recently came across a video of Warren Buffett talking to a few B-School students on his trip to India in 2011.

The host asked him this question - What exactly goes through your mind when you're actually making an investment?

Buffett's reply to this question was brilliant for it contained the crux of everything he has said over the years about how to evaluate a certain business and it's future economic potential (text in bold and brackets are mine) -

Well, if I drive by a McDonald's stand or a Kentucky Fried Chicken stand I will automatically think to myself "What is this business worth?"

You know, how many customers can walk in the door (demand, scalability, growth potential)? What kind of gross margins (profitability, pricing power) can they have? How many people do they need (scalability)? How likely is it that another chicken stand opens across the street (competition, entry barriers, moat)?

I mean, all of those things. And that's true of the chicken stand and it's true of Google or you name the business.

I mean, it's all about evaluating the economic potential,the economic future of a given business. And most of them you don't know the answer on (say no to most businesses, because you really don't understand them).

But every now and then you run into one where you know the answer (simple businesses). But that's all business is.

It's what Aesop said a long time ago: "A bird in the hand is worth two in the bush." (well, that's the definition of discounted cash flow) You know, that was said in 600 BC and that's now what's called discounted cash flow and all that sort of thing.

But he saw that and figured it out, you know, twenty-six hundred years ago. And all I'm trying to figure out is if I could take that dollar in my hand: When do I get the two dollars out of the bush (timing of future cash flows)?

How sure am I of getting it out of the bush (certainty of future cash flows)? Is there some other bush where I can get three dollars out of it instead (opportunity costs, better alternatives)?

I mean, it's very basic stuff (investing is simple, you see, but only if you keep it simple). And a lot of times you look at it and you say "I don't know how many birds there will be in the bush." (complex businesses, or those that undergo a lot of changes due to nature of industry, competition, etc.)

So you go in to the next one until you find the answer (you just need a few good ideas in a lifetime).

Buffett, once more, makes it clear that rather than obsessing with the bewildering fusion of news and noise, you should concentrate on a few key elements in stock selection.

Source: Seeking Alpha
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Warren Buffett 03 (May 15 - Dec 20)

Postby winston » Tue Feb 18, 2020 10:10 pm

Warren Buffett’s Latest Stock Trades: Buys 8 Stocks, Sells 8 Stocks

by Jason Fieber

Purchases
Purchased 648,447 shares of Biogen Inc. (BIIB) – NEW POSITION
Purchased 2,730,304 shares of General Motors Company (GM)
Purchased 18,940,079 shares of Kroger Co. (KR) – NEW POSITION
Purchased 11,465,546 shares of Occidental Petroleum Corporation (OXY)
Purchased 500,504 shares of RH (RH)
Purchased 39,400 shares of SPDR S&P 500 ETF TR (SPY) – NEW POSITION
Purchased 4,261,031 shares of Suncor Energy Inc. (SU)
Purchased 43,000 shares of Vanguard Index FDS (VOO) – NEW POSITION

Sales
Sold 1,200,000 shares of American Airlines Group Inc. (AAL)
Sold 3,683,113 shares of Apple Inc. (AAPL)
Sold 2,240,000 shares of Bank of America Corp. (BAC)
Sold 1,172,193 shares of Bank of New York Mellon Corp. (BK)
Sold 6,348,884 shares of Goldman Sachs Group Inc. (GS)
Sold 4,955,201 shares of Phillips 66 (PSX)
Sold 5,646,012 shares of Travelers Companies Inc. (TRV)
Sold 55,156,100 shares of Wells Fargo & Co. (WFC)


Source: Mr. Free at 33

https://dailytradealert.com/2020/02/18/ ... -8-stocks/
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Boredom Strikes! 06 (Jan 17 - Dec 20)

Postby behappyalways » Tue Feb 25, 2020 4:14 pm

Warren Buffett finally traded in his flip phone for an iPhone
https://edition.cnn.com/2020/02/24/tech ... index.html
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