Warren Buffett many years ago once got a call from the late Steve Jobs who wanted to find out if he should repurchase Apple shares. Warren asked Jobs two simple questions: Do you have all the money you need to develop the kind of business that you have in your head for the next 5
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Stan Druckenmiller is one of the world’s greatest money managers and has traded through market cycles for more than 30 years. In 2015, he gave what is now a timeless discussion about markets and processes at the Lost Tree Club. Here are 7 takeaways from his speech. 1. Druck attests that he is not a
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Finding a great company early is hard. How hard? You don’t have to look much further than your investment heroes. Warren Buffett has owned hundreds of stocks over his career. He’s owned some for a few months. He’s owned most for a few years. He’s owned a dozen or so for 10+ years. It takes
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The Business ASML is a company from the Netherlands that produces photolithography which is an important step when producing semiconductors. ASML sells its products to major semi-producers and is considered one of the most important companies in the world. The drivers for continued growth in the semiconductor market are essentially every technological category: smartphones, cloud
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Blue-chip energy pipelines have basically been my benchmark investment comparison for the past year or more. Enterprise Products Partners LP (EPD) pays a safe 7%+ distribution yield, has a quarter century of consecutive annual distribution growth, is assigned industry-leading BBB+ credit ratings, is trading at below-average valuations, and has significant insider ownership. In order for
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