Tag Archives: stock

EP12 Owner Earnings By Warren Buffett



Support this podcast through your donation: https://paypal.me/valueinvesting

Warren Buffett defined the earnings called “Owner Earnings” that is more relevant to the valuation of a company than the reported earnings on the income statement.  The owner earnings can be calculated by adjusting the reported accounting earnings in the following ways:

Owner Earnings = (a) Reported earnings + (b) depreciation, depletion, amortization and certain other non-cash charges – (c) the average annual amount of capitalized expenditures for plant and equipment

= cash flow from operating activities – capital expenditures

Podcast Website: http://valueinvesting.blubrry.net/

Reference Documents: 1986 Berkshire Hathaway Shareholder Letter


EP11 Mr. Market By Warren Buffett



Support this podcast through your donation: https://paypal.me/valueinvesting

This episode covers the concept called Mr. Market that teaches how you can be prepared with short-term stock price fluctuations.  It is a very simple concept to understand, but it is not an easy concept to implement in real life if you are an emotional person and are attached to the money invested in the stock market.  Remember that Mr. Market is there to serve you, not to guide you.

Podcast Website: http://valueinvesting.blubrry.net/

Reference Documents: 1987 Berkshire Shareholder Letter; 1985 Berkshire Shareholder Letter


EP10 Warren Buffett’s Views on Boards’ Roles



Support this podcast through your donation: https://paypal.me/valueinvesting

This episode covers Warren Buffett’s views on why “independent” directors may not be best positioned to represent a majority of shareholder under the current corporate system, and how the board of directors should perform their job on behalf of shareholders.  Warren Buffett provides his own criteria to select the best directors who can truly be independent and are willing to challenge a forceful CEO.

Podcast Website: http://valueinvesting.blubrry.net/

Reference Documents: 1993 Berkshire Shareholder Letter; 2002 Berkshire Shareholder Letter; 2004 Berkshire Shareholder Letter

 


EP9 (Part 2) Business Principles (Owner’s Manual) of Warren Buffett at Berkshire Hathaway



Support this podcast through your donation: https://paypal.me/valueinvesting

Followed by the EP8 which covered the first 7 business principles, this episode covers the rest of 8 business principles in the owner’s manual written by Warren Buffett for Berkshire Hathaway shareholders. The purpose of the manual is to explain Berkshire’s economic principles of operation and the manual is included in every annual letter for new shareholders as a reference to understand the important principles behind how Buffett and Munger run the company.

Podcast Website: http://valueinvesting.blubrry.net/

Owner’s Manual: http://www.berkshirehathaway.com/ownman.pdf


EP6 Why Warren Buffett Closed Down His Successful Investment Partnership



Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode, I discuss the following two topics in Buffett’s investment partnership letters.
1) 1967 letter on why Buffett thinks that his past 10-year outstanding performance would not be replicated in the future
2) 1969 letter on the decision to liquidate Buffett’s investment partnership despite the incredibly successful past performance

Podcast Website: http://valueinvesting.blubrry.net/


EP5 Warren Buffett’s Views on Institutional Investors’ Underperformance and Diversification



Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode, I discuss the following two topics in Buffett’s early investment partnership letters.
1) Buffett’s views on why institutional investors do not perform as well as the general market
2) Why Buffett thinks that a conventional diversification strategy does not make sense for his investment portfolio

Podcast Website: http://valueinvesting.blubrry.net/


EP4 Warren Buffett’s Ground Rules and Merger Arbitrage Strategy



Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode, I discuss two topics regarding Buffett’s investment partnership.
1) Ground Rules For The Investment Partnership
2) Merger Arbitrage Strategy By Buffett

Podcast Website: http://valueinvesting.blubrry.net/


EP3 Warren Buffett’s Partnership Investment Case Study (Dempster Mill) and Conservatism



Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode, I discuss four topics regarding Buffett’s investment partnership.
1) Deep dive analysis on why Buffett invested in a company called Dempster Mill manufactoring,
2) Buffett’s definition of conservative investing,
3) A growing fund size and its impact and
4) Investment performance relative to the market.

Podcast Website: http://valueinvesting.blubrry.net/


EP2 Warren Buffett’s Partnership Performance and Two Largest Investments



Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode of Value Investing, I discuss how well the first Warren Buffett’s investment partnership had performed in its 12 years of operation relative to other mutual funds and the market. In the second half, I perform a deep-dive analysis on why Buffet purchased two stocks that accounted for 25% and 35% of his total portfolio value.

Podcast Website: http://valueinvesting.blubrry.net/


EP1 How Warren Buffett Started His First Investment Partnership



Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode, I talk about how Warren Buffett started his first investment partnership with a small amount of money and compare his fund’s fee structure against that of general hedge funds today. In the second part of the episode, I discuss the three strategies that Warren Buffett used at his early investment career.

Podcast Website: http://valueinvesting.blubrry.net/