Buy and hold, hopefully forever…
Here is a tasty assortment from recent Web offerings: The Amateurs Lorillard Dividend Mantra kicks the habit. EasyJet Still cruising along quite nicely. Goldman Sachs The case for the vampire squid. The Professionals Smead Capital’s efficient market theory Don’t just do something, sit there. Woodford The man is back and worried about big oil’s dividends. Stress testing […]
I admit it. When I first heard that Pfizer had made a move to take over AstraZeneca, I did feel a small burst of satisfaction as I realised that I had paid less for something than it was worth. Since that naïve, short-sighted and selfish reaction I have come to see the error of my ways and I […]
One of the companies that caught my eye in Jeremy Siegel’s list of top-performing firms, is Tootsie Roll Industries. This company makes a range of confectionary including: Tootsie Rolls, Charleston Chew, and Andes Mints. After a quick look on Morningstar I thought that it looked potentially worth investigating, because of its sector, size and longevity, but a Google search revealed […]
Here is another selection of some of the Web’s finest offerings this week: The Amateurs Wells Fargo All About Interest explains his rationale behind purchasing Wells Fargo, Buffett’s favourite bank. Sainsbury DIY Investor checks out (sorry) the latest results from Sainsbury, my second favourite supermarket (after Waitrose). Family Dollar Stores A solid analysis of this American retailer, […]
I came across a fascinating section in Jeremy Siegel’s Stocks for the Long Run in which he showed the returns of the 20 best performing firms of the original S&P 500 that have survived intact. The make-up of the list was interesting–the 20 firms included 11 in the Consumer Staples sector, 4 in Healthcare, 2 Industrials, […]
At last, with thanks to the Guardian, we have the definitive wage bills of the 2012/13 Premier League season. This, of course, means that we can calculate the real winners and losers of last season. By winners here I mean the clubs that finished higher than their annual wage bills should have reasonably entitled them to and the losers are those who finished […]
One of the most interesting parts of the Berkshire Hatahway AGM this year was the update on the Buffett vs Protégé Partners bet. For anyone who doesn’t know the background, here is the bet: Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S&P 500 will outperform a portfolio of funds […]
To accompany a cup of coffee, here is a selection of articles gathered from around the Web this week: Berkshire Hathaway 2014 AGM … for those of you who couldn’t make it to Nebraska yesterday, for the annual Woodstock of capitalism. Berkeley Group DIY Investor goes for Berkeley. To sell in May or not I […]
A return of 2.31% for the portfolio in April makes for a second consecutive positive month since beginning the blog but, sure enough, now that we are into May that desperate old “Sell in May and go away” saw is being trotted out by all the usual suspects. I think that trying to predict the […]
A comment I included in the updated intrinsic value formula post by Ben Graham about his “strict” standards for judging financial strength made me wonder: what are those standard exactly? So I rooted out my trusty copy of Intelligent Investor (see Chapter 14) to find out: Size of enterprise Obviously this must be arbitrary, but the objective is […]