Warren Buffett has long warned that the growing size of his portfolio must, inevitably, begin to negatively impact his returns on invested capital. And that’s certainly occurring – though for reasons that are not obvious to most investors, Porter explains.
There has never been a more powerful consumer brand that is more beloved than Coke. And it’s been a great investment… $40 invested in 1919 would have turned into more than $600,000 by now. In today’s issue, Porter explains why…
One of the largest and wealthiest communities in the U.S. has been largely destroyed, with over 15,000 structures burned across 63 square miles, an area roughly the size of Washington, D.C. In today’s Daily Journal, Porter examines how this disaster plays out across the property-and-casualty insurance industry.
This company became Warren Buffett’s playbook for Berkshire Hathaway. Acquire the asset at a large discount to net asset value, borrow against those assets, use the losses from the legacy business to offset gains from new acquisitions, liquidate the legacy business… and profit massively as the new company grows.
Equity prices are at multi-decade highs. As such, Porter predicts, it will take at least a decade for many of today’s S&P 500 members to “grow” into their current valuations.
Fifty-five years ago, Warren Buffett announced his retirement. In 1969, the legendary investor felt he could no longer generate the 30% returns he had been generating. Then things changed…
Financial history is littered with tales of foolish cash management that have destroyed trillions in shareholder value. Entrepreneur Michael Saylor has pioneered a strategy that could revolutionize corporate financial management and help companies avoid those costly mistakes.
This holiday weekend, we’re honoring one of the all-time investing greats by re-publishing a slightly condensed version of a speech Charlie Munger gave at the University of Southern California Marshall School of Business in 1994 – along with commentary from our own expert team.
Whenever Warren Buffett sees bad times approaching, he raises a pile of cash and then deploys it on exceptional companies. It’s an approach that has much to teach investors when we carefully examine his historical sells and major buys.
The type of situation we’ll introduce today doesn’t come around often, but when these opportunities arise… they can make you fortunes, even during bear markets. It is the ultimate safe play for a high-risk market.