Loews (L)

[winston]

not vested

THIS INVESTOR BEATS WARREN BUFFETT

Buying high-quality assets at bargain prices is a surefire way to earn big profits.

Jim Tisch, the president and CEO of Loews (L), has done this consistently since the late 1990s.

He once bought 10 offshore drilling rigs for $5 million each. Today, a rig costs roughly $750 million. Tisch saw a great value, and he took advantage.

Those actions have earned him a reputation as the man who beat the world's greatest investor – Warren Buffett – at his own game...

During his tenure at Loews, Tisch has beaten Buffett's Berkshire Hathaway in terms of "book value" (shareholder value), Buffett's favorite performance barometer.

Tisch grew Loews' book value by 10% a year from when he took over in 1998 through 2011. Buffett only grew Berkshire's book value by 8% in that same time frame.

It looks like Tisch is at it again. Loews shares just hit a new 52-week high last week. The company reported positive earnings yesterday, pushing shares up more than 5%. Tisch's sage investing strategy continues to pay off...

Source: Daily Wealth

[winston]

Holding company Loews touches its highest level in almost two years.

[behappyalways]

Lowe's Shares Drop On Do-It-Yourself Weakness
https://www.zerohedge.com/markets/lowes ... f-weakness