by John Huber | Mar 22, 2017 | BHI Free
This post will also be published on the BHI free site. Once every month or so, I’ll share a post that gets published on the Members site with all readers. This post mentions Dell, and while this topic has nothing to do with Dell’s merger with EMC, if...
by John Huber | Mar 12, 2017 | BHI Free
I wrote a post recently on intrinsic value, and I received some comments and questions that made me think a lot of readers are still looking for a formula to calculate a stock’s value precisely. I really don’t think this is the case. I think the best result that an...
by John Huber | Mar 11, 2017 | BHI Free
“The newer approach to security analysis attempts to value a common stock independently of its market price. If the value found is substantially above or below the current price, the analyst concludes that the issue should be bought or disposed of. This independent...
by John Huber | Mar 2, 2017 | BHI Free
A couple weeks ago, I flew to Los Angeles to listen to Charlie Munger at the Daily Journal annual meeting. These days, you can read the transcript of these events or even watch it on YouTube, so there is less of a practical reason to attend the actual event. But the...
by John Huber | Jan 23, 2017 | BHI Free
Buffett talks a lot about the concept he calls the “institutional imperative”. In his 1989 shareholder letter, when he was describing his mistakes of the first 25 years managing Berkshire, he outlines what he means by this (emphasis mine): “My most surprising...
by John Huber | Jan 12, 2017 | BHI Free
A few months ago we had an interesting post/discussion on the site where Matt Brice and I share some of our research and investment ideas. The topic was Munger’s ability to quickly discard an investment opportunity if it was something he didn’t understand or a...
