Warren Buffett's 2007 Letter to the Shareholders of Berkshire Hathaway Inc. ************ Excerpt: - Let’s take a look at what kind of bu...

A QUESTION Warren Buffett and Charlie Munger are often asked is: how do you learn to be a great investor? - “First of all,” says Charlie Mun...

I would like to start off this letter in a rather unconventional way by congratulating the New York Giants, led by their young quarterback E...

As it turned out, Google’s stock was incredibly cheap at its IPO price of $85. Over the following year, the company’s actual (not estimated)...

At the age of 40, King Gillette was a frustrated inventor, a bitter anticapitalist, and a salesman of cork-lined bottle caps. It was 1895, a...

Emory: - With the popularity of "Fortune's Formula" and the Kelly Criterion, there seems to be a lot of debate in the value co...

Nevertheless, it is still a puzzle why such a glaring anomaly has not been arbitraged away. Academics have just about abandoned the idea tha...

"In the long run we are all dead." - John Maynard Keynes - The irony in Keynes' quote is not just that it is so often misinter...

Dealing with uncertainty is always a key challenge for investors. But dealing with uncertainty doesn’t mean avoiding it – on the contrary, i...

I think the market is in for a period of what the Greeks refer to as enantiodromia, the tendency of things to swing to the other side. This ...