The Digest #210
Disinflation vs. Deflation, Zooming Out, Warren Buffett's Apple Sales, Teens without Smartphones, Adam Wright, Joel Greenblatt, Robert Kierlin, Bruce Berkowitz, Jeremy Grantham ...
The Digest #190
Berkshire Hathaway's Annual Report, Liberty SiriusXM, Catastrophic risk, Tesla's lead designer, Ben Graham's summer on a farm, Income taxes, Interviews of Bruce Berkowitz and Howard Marks, and more ...
The Digest #70
Grantham, Berkowitz, Marks, Isaacson, and Tulips ...
Looking For Hidden Real Estate Value at Investors Title Company
In this article, we will take a look at whether an examination of Investors Title's real estate holdings that goes beyond the company's SEC filings may reveal hidden real estate value not reflected in the company's stated shareholders' equity. Read ...
The St. Joe Company: Einhorn vs. Berkowitz
According to an article on Barron.com, David Einhorn presented a very bearish case against The St. Joe Company this morning at the Value Investing Congress. Mr. Einhorn is President of Greenlight Capital and one of the most prominent "super investors" ...
GM to Acquire AmeriCredit; Revisiting Berkowitz’s Bullish Thesis
General Motors has announced an all cash transaction to purchase AmeriCredit for $3.5 billion. AmeriCredit is an automobile financing company that was founded in 1992 and has particular expertise in non-prime lending. GM has lacked an in house financing unit ...
Buffett’s Plans for Burlington Northern May Include Rapid Expansion
Over the past week, Warren Buffett has commented on the valuation of Berkshire Hathaway shares and the logic behind issuing shares as currency to pay for part of the Burlington Northern acquisition. Mr. Buffett's statements have helped to answer many ...
Berkowitz: Use of Float Makes Burlington Acquisition Compelling for Berkshire
We have often quoted Bruce Berkowitz's views on investing in recent months. Mr. Berkowitz is the founder and manager of the Fairholme Fund and was named Morningstar's United States stock fund manager of the year for 2009. Read this article ...
Morningstar Enters the Credit Ratings Fray
Morningstar has announced the launch of its corporate credit ratings initiative which will initially cover 100 companies with plans for expansion to 1,000 companies as additional credit analysts are hired in the coming months. As we have discussed in recent ...
Bruce Berkowitz Comments on Berkshire’s Acquisition of BNSF
We are always interested in listening to the views of Bruce Berkowitz of The Fairholme Fund. In this interview recorded this evening for the PBS Nightly Business Report, Mr. Berkowitz comments on a number of his holdings, including Berkshire Hathaway ...
Berkowitz Sticks to Time Tested Principles
In a conference call this afternoon, Bruce Berkowitz answered a number of shareholder questions regarding The Fairholme Fund, the state of the overall stock market, and prospects for health care reform. Mr. Berkowitz's record at The Fairholme Fund since its ...
Wal-Mart Stores Looks Attractive; Sears Holdings Shares Sold
Over the past decade, there has been a significant divergence between Wal-Mart Stores' experience from a business perspective and the returns experienced by the company's shareholders. In April, I wrote an article outlining Wal-Mart's track record over the past ten ...
The Virtue of “Pessimism” for Investors
I have always believed that investors with an overly optimistic view of the world have an inherent disadvantage and can be predisposed to overpay for securities. While I do not advocate being a pessimist in general, there are advantages that ...