The Digest #212
Berkshire Hathaway at $1 Trillion, Warren Buffett's Canvas, Dollar General, Mr Market Miscalculates, Competing in Search, The American Dream, Li Lu, Deep Dive into AI, The Impact of Debt, and more ...
The Digest #164
Howard Marks on intelligent risks, Li Lu's amazing life story, Damodaran on streaming, Thompson on Charter vs. Disney, Taleb's favorite literary works, Buffett's Japanese investments, and more ...
The Digest #117
Berkshire Buys 3.1% of Markel, The Legend of Li Lu, Crypto in 401k Plans, Buffett's Legacy, Musk and Twitter, Writer's Block ...
The Digest #77
J&J's Vaccine, The Newly Rich, Via Negativa, Costco, GEICO, Alibaba, Li Lu ...
Reports of Buffett Dumping Stake in BYD Lack Credibility
Several media reports have appeared today suggesting that Warren Buffett's visit to China next week may be due to concerns regarding Berkshire Hathaway's investment in BYD.  Most of the reports cite a Reuters article which seems quite unconvincing.  While BYD ...
BYD Faces Trouble Over China Land-Use Violation
BYD has encountered a few rough patches lately with cuts to its sales target for 2010 and second quarter profits that were significantly below consensus estimates. These developments have resulted in a sharp drop in BYD’s share price with the ...
Lou Simpson Plans to Retire from GEICO in December
According to an article in The Chicago Tribune, Lou Simpson is planning to retire from GEICO at the end of 2010. Mr. Simpson is President and CEO of Capital Operations. Tony Nicely is Chairman, President, and CEO of GEICO's insurance ...
BYD Cuts Sales Target Amid Capacity Constraints
BYD has announced a 25 percent reduction for its 2010 sales target due to capacity constraints. The company now expects to sell 600,000 vehicles. However, this figure would still represent rapid growth as evidenced by the company's 63.5 percent growth ...
Munger: Li Lu’s Future at Berkshire Hathaway is a “Foregone Conclusion”
In a groundbreaking Wall Street Journal article to be published in tomorrow's newspaper, Berkshire Hathaway Vice Chairman Charlie Munger all but confirms that Li Lu will become one of Berkshire Hathaway's top investment managers. We have previously covered Li Lu ...
Li Lu’s Lecture at Greenwald’s Columbia University Value Investing Class
Who is Li Lu? According to his Wikipedia entry, Li Lu was an organizer of the student protests movement and took part in the Tiananmen Square protests of 1989. After the post-Tiananmen crackdown, Mr. Lu had to flee mainland China ...