Fees that never sleep

In more than one occasion Buffett mentioned how there’s often no-proportion and no reason to pay 1 or 2 percent of fees or commissions over very poor results from most money-managers and funds today. On this month issue of FT Wealth magazine you’ll find an interesting article by Matthew Vincent that finally replicates most of…

“The more you learn…”

1.How much money this investment will produce in the future?    2. When ?     3.And at what risk?  The first question must be intended like “the cash flow streaming or streams of cash flow that I can reasonably predict to collect in the future”. And immediately after this, I want to know when is this…

Price doesn’t tell you much

So, if Value has to be found, what does price is there to say? For stocks price will not tell you that much about the company, the business, the going-on concern value. (That is the value we try to calculate or find for something that produces an inflow (and outflow) of cash. The “numbers” (accounting…

“Price is what you pay..”

“..Value is what you get”. Just yesterday evening I’ve been asked a question that’s critical: “How do you know when is the moment to buy a stock?” It’s a very good question, let’s try to answer. When you buy a business you want to assess a Value for this business. If someone shows you a…

The American Tailwind

I would like a little bit to talk about America and why I found so useful for me to learn from Warren and so enjoyable to spread his word to others. Without a true natural passion for everything that was coming from the States since ever, I would have never known about Warren Buffett. He…