There is a healthy sense of skepticism among investors when faced with websites, blogs, newsletters, conferences and other sources of information that claim to offer investment ideas. After all, good investment ideas are valuable and rare. Why would anyone willingly share actionable ideas with others when doing so in a competitive environment could eliminate the opportunity? After all, even for successful paid sources of information, the profits to be made selling ideas may pale in comparison to the profit of keeping an idea to yourself and committing capital to the opportunity. We take a look at the question in this article.
In a wide ranging discussion this morning on CNBC, Whitney Tilson provides his views regarding the overall valuation of large capitalization stocks compared to bonds and comments on several specific companies including Johnson & Johnson, Microsoft, and Berkshire Hathaway. We highlighted some of Mr. Tilson’s views on Microsoft in a bullish article on the company posted on August 31. To view the video, read the rest of this article.
We are pleased to announce a great opportunity for readers of The Rational Walk to save $1,800 on registration for the Value Investing Congress that will take place in New York City on October 12 and 13. This offer expires on July 30, so please act quickly if you would like to attend. The price of the conference will increase as the date of the event approaches.
Whitney Tilson is convinced that BP is simply too cheap to ignore at current valuations. Given the steady stream of negative headlines due to the massive Deepwater Horizon oil spill, BP shares are quickly approaching a 45 percent discount to the stock price that prevailed during much of April. Mr. Tilson makes it clear that BP shares could certainly fall even further, but he believes that the dividend should be safe. Read this article for more details and to view Whitney Tilson’s comments.
Morningstar recently interviewed T2 Partners Founder Whitney Tilson regarding his views on Berkshire Hathaway’s intrinsic value. Mr. Tilson has increased his estimate of Berkshire’s intrinsic value from $110,000 to the mid $130,000 range due to a recovery in the market value of Berkshire’s investment holdings. Read this article for more details on the interview.