ageofsocrates
-
Posts
83 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by ageofsocrates
-
-
Concentration works best with a focus on companies with dominant moats and low capex. However, the issue is such an approach is that it can takes years to build positions as such companies usually trade at a premium. Historically, Buffet has bought KO and WFC in times when these companies were facing issues.
A Grahamian approach would require diversification as some companies (i.e trading below book value) are literally value traps and may slide into bankruptcy.
Both approaches do well over time. However, the benefits of a concentrated approach are simple. Building a circle of competence and waiting for fat pitches over time would allow one to compound money at faster rates.
Cheers,
Ageofsocrates
Singapore
-
Hard to say..Buffett came from another generation..one that grew up just after the depression.
-
you can set up google alerts to screen for key words like spin-offs, recaps. why pay when u can get it free...
-
The Wen Jiabao Family Empire (Graphic)
http://www.nytimes.com/interactive/2012/10/25/business/the-wen-family-empire.html?smid=tw-nytimes
Thanks for sharing. Whats your thoughts on Russia and Putin? Personally i think its far more corrupt than China
-
I have lived in asia for about 25 years and feel that the chinese boom is mainly driven by the demographic dividend. abundant young and cheap labor for factories. With that changing and a corrupt communist govt bent on preserving the status quo, i believe China will experience turbulent times. However, Taiwan is interesting relative to China as its more free market driven economy (small government and large entrepreneurial base).
-
look at thomson one banker or bloomberg if have the resources.
Also can try typing the ticker on reuters.com. May be able to pull out 5 year ratios.
-
generally speaking, its probably easier to start a partnership in the states. I think IB has a platform that allows one to place trades simultaneously on multiple accounts. Saves execution costs and easier to manage.
-
Hi,
I'm no expert. You can try emailing this guy. He runs a blog on hedge funds. Alternatively, the FAQ is pretty comprehensive and gives some ideas on how to go about this...
http://richard-wilson.blogspot.com
Cheers
-
Bloomberg is pretty good and covers International stocks
-
Hi mpauls,
could you shed some insight on what kind of red flags ...
-
Not sure if its the answer. The russian soyouz technology is based on 50 years of space technology and research. I rather go with the russians than musk. Though musk is clearly a smart guy.
-
personally, i would just create a bvi entity to avoid taxes. Think the US tax code is deeply flawed.
-
Playboy and thats includes Hugh Hefner's mansion
-
my advice. Travel around the world. Go to Asia- China and India. Will really change ur perspective on things
ageofsocrates
singapore
-
Singapore. V few value investors out here. Feel more like an endangered species here. Would be good to know anyone who's within this part of the world.
-
I know a wealth manager based in Singapore who focuses primarily on Singapore equities and has a decent track record( follows more of graham approach to investing). Just drop me an email at ageofprophet@gmail.com if you have any enquiries..
-
Many thanks. Went through Google search but couldn't find anything. Think we should a download page like the old MSN board.
-
Really apologize for this post. Was wondering if anyone has a compilation of Fairfax shareholder letters from the 80s and 90s ? I looked up to Fairfax's website but it goes all the back to 2001 only. Appreciate any guidance here.
Best regards,
ageofsocrates
-
One of the greatest investors ever and his death is largely missed by the media...
-
imho, the true measure of a good management team is their capital allocation record (whether retained earnings translate into corresponding equal or greater market value). Another key factor would whether management incentives are aligned with shareholders (i.e management owns a significant chunk of stock).
Cheers
-
Niall Ferguson is one of the best authors out there. He actually did a 2 volume book on the Rothschilds which I think they have the one of the best investment records of all time..
Cheers
-
As a bank dealer who places clients orders on OTC stocks, thats definitely an issue. Buffett had invested in micro caps from his earlier days as such areas are inefficient and have v little analyst coverage. I believe Walker's manual was actually mentioned as a source of ideas that Buffett referred to in "Snowball". Would welcome any thoughts on this...
-
Is there any other newsletter that tracks OTC companies? Appreciate any guidance...
-
Hi All,
I been looking around for otc newsletters and wanted to ask if anyone could recommend any? Appreciate any thoughts here
Cheers
Concentration
in General Discussion
Posted
Buffett has always talked about equities as a form of a bond which pays a "coupon" Naturally, when these "bonds" trade at distressed prices, it would be a good time to invest.
Buffett's approach is probably conservative even by value investor standards. All he is looking for is 1-2 good ideas a year.