WAITING (part 1) In the investment world, you need patience. Unlike trading or speculating where the short-term benefit comes from being opportunistic, in ‘real’ investing, it is essential for the intelligent investor to wait patiently to reap long-term rewards. Waiting also possesses another virtue: the ability of gleaning more wisdom while waiting for the right…
I highly recommend reading Warren Buffett’s most recent letter regarding the donation on 23rd of June (4.1 billion). It’s on the Berkshire Hathaway website, and if it doesn’t resonate with your capitalist heart, it means that all your efforts to be a better person and a true capitalist are in vain. In my opinion, it…
I’ve experienced as a business owner what hard work really means; working from 04.30 am to midnight, driven by a burning desire to accomplish your goals. In my case, the few years committed to working in this unrealistic way, combined with a specific talent for the Real Estate brokerage business, paid off. But then, at…
A few years ago, when I was in Warsaw for my CFA level I preparation course, an “academician” (professor) knowing my passion for Warren Buffett asked me: “So what do you do? Do you “copycat” what he buys, strictly following his ‘moves'(investments), and his portfolio?” I said “No, of course not! One of the first…
I encouraged my 14 years old son to read with me chapter 8 and chapter 20 of the “Intelligent Investor”. Just 2 pages a day but consistently, everyday for roughly 20 days. Here’s what happened. We really enjoyed sharing together in a world of wisdom that “neither derives pleasure from being with the crowd or…
Among the “Superinvestor” of Graham and DoddsVille one of the most interesting one was Walter Schloss. Schloss passed away in 2012 and he has to be introduced and known by young kids and young adults because of his old-fashioned style of investing that really intrigues me a lot. His adversion to lose money and his…
The story of Mrs. B from Nebraska Furniture Market is a story known very well to every Buffett student and Berkshire shareholder. Starting from scratch and becoming the greatest furniture mall of the Country is a perfect example of how big can be the generosity of an immigrant determined to establish herself in a new…
Year 2000 is approaching: at 70 years old Buffett was considered obsolete and old. His time over, his gold touch gone in the face of the new tech wave of companies which prices had sky-rocketed as much as their popularity. Berkshire had not a single tech stock in portfolio.The price of BRK at his lowest.…
You have to have discipline. You have to be consistent in your reading, analysing, in doing your homework everyday. But then there’s something you have to deal with that I don’t know if it’s teachable, if it is talent or what. You feel it’s time to swing, the business you want to buy shares of,…
It’s 90 years and the best is yet to come. Many people, individual investors and business entities of all kinds in America and all over the world thank you today Mr. Buffett. They will do it in many ways. My personal tribute today is celebrating 1 year of this little blog that would be an…