Tag Archives: warren buffett

EP27 Buffett’s Views on Good Management, External Influence, Saloman Brothers Question by Bill Ackman



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This episode covers Buffett’s views on

  • How to identify good management teams for your investments
  • How to deal with the investment analysis by others
  • Buffett’s investment in Saloman Brothers (asked by Bill Ackman)

Podcast Website: http://valueinvesting.blubrry.net/subscribe-to-podcast/

1994 Berkshire Hathaway Annual Meeting: https://www.youtube.com/watch?v=fjXZbW8ALRA


EP26 Buffett’s Views on Derivatives, Intrinsic Value (cash flow, discount rate), Insurance Business



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This episode covers Buffett’s views on

  • Use of derivatives
  • Intrinsic value calculation in terms of cash flow and discount rate
  • Intrinsic value calculation for insurance business

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

1994 Berkshire Hathaway Annual Meeting: https://www.youtube.com/watch?v=fjXZbW8ALRA

 


EP24 How To Identify Good Spin-offs by Joel Greenblatt (Case Study on Marriott)



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A legendary value investor, Joel Greenblatt, explains why value investors should pay special attention to spin-off stocks.  This episode shows you how Joel Greenblatt identified a very attractive investment opportunity from Marriott’s spin-off that happened in the past.  The spin-offs that involve the following points would give you a better chance for your investment success.

  1. Institutions don’t want it and their reasons don’t involve the investment merits
  2. Insider wants it
  3. A previously hidden investment opportunity is created or revealed

More details could be found from this book (You Can Be a Stock Market GENIUS).

Click here (Value Investing Podcast) to visit this podcast website


EP14 Why Long-term Investing Works and Is Not So Easy



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This episode covers seven benefits (four explicit and three implicit benefits) with respect to long-term investing.  Additionally, I do a deep-dive analysis on why most people fail to do the long-term investing despite many benefits, and finally discuss what you can do for your portfolio.

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


EP13 Six Investment Criteria By Warren Buffett



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This episode covers the following six criteria that Warren Buffett checks when acquiring businesses, and I further discuss how you can apply the Buffett’s criteria into your investment strategy as an individual investor.

  1. Large purchases (at least $75 million of pre-tax earnings unless the business will fit into one of our existing
    units),
  2. Demonstrated consistent earning power (future projections are of no interest to us, nor are “turnaround”
    situations),
  3. Businesses earning good returns on equity while employing little or no debt,
  4. Management in place (we can’t supply it),
  5. Simple businesses (if there’s lots of technology, we won’t understand it),
  6. An offering price (we don’t want to waste our time or that of the seller by talking, even preliminarily, about a
    transaction when price is unknown)

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


EP12 Owner Earnings By Warren Buffett



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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



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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



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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



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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


EP8 (Part 1) Business Principles (Owner’s Manual) of Warren Buffett at Berkshire Hathaway



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

This episode covers the first 7 business principles of 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. The rest of the 8 principles will be covered in the next episode.

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

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