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The Hidden Insight In Charlie Munger’s Criticism Of Benjamin Graham
Did you see Charlie Munger’s quote on Benjamin Graham during his recent fireside with the Wall Street Journal? I don’t love Ben Graham and his ideas the way Warren does. You have to understand, to...
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How Much Happiness Does Money Buy, Anyway?
If you’ve been reading personal finance articles for a while, you’ve probably come across the different studies that compare one’s overall sense of happiness in relation to the amount of household...
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The World Continues To Ignore Warren Buffett’s Coiled Spring
One of the most important metrics that investors use when evaluating the merits of a company’s business success is the growth in earnings per share that a company has experienced or is expected to...
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My Hunch? Warren Buffett Is Buying More Exxon Stock Right Now
On Wednesday, Warren Buffett appeared on CNBC’s Squawk Box, and on that day, the prices of most American stocks were down a token amount in the 2-3% range (but enough to propel commentators into...
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A Greater Reader Question About My ExxonMobil Warren Buffett Article
In the last article I wrote here, I speculated that Buffett might be currently purchasing shares of ExxonMobil when I noted that the current price of the stock is only 3-4% higher than where it was...
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2,000 Shares Of General Electric Bought During The Financial Crisis
It only happens three or four times in your life, making it a Haley’s Comet sort of thing, but you do receive the once in a generation opportunity to both (1) buy a high-quality company and (2) do so...
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Small-Cap Index Funds Are Good Investments, But With A Caveat
I’ve been trying to work my way through reader questions that also would be good material for inclusion on this stock, and I reached an intelligent question from a reader that wanted to know why I...
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Trusts, Wills, And Gifts Created On The Verge Of Death
You know how Charlie Munger talks about having a “too hard” pile into which he puts the moral and legal dilemmas that he cannot properly solve because the values that you have to prioritize over the...
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T. Rowe Price: One Of Those Ignored Blue-Chip Stocks
I was thinking about the GT Advanced Technologies announcement earlier this week when my mind drifted to some of the truly excellent businesses that have been able to deliver growth this past decade...
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Stroh Brewing: A Reminder That You Only Have To Get Rich Once
If you frequently read articles about personal finance, every columnist, pundit, and article writer will list as abstract advice that you must practice diversification. At some point, though,...
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The Sky View Of Concentrated, Permanent Coca-Cola Wealth
During the past twelve months, over 6% of this website’s traffic has come from people living in Atlanta, GA or its nearby suburbs. The city of Atlanta holds its own against the other heavyweight...
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I Feel The Same Way About General Electric Right Now As I Did About Johnson &...
In 2011, I saw Johnson & Johnson trading at $61 per share. It was one of the first times I saw one of those buy-and-hold forever stocks trading at an attractive price that offered a margin of...
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Pooling Dividends Vs. Automatic Reinvesting: Which Is Right For You?
When you look at the stocks sitting there in your portfolio, do you think: (1) I need to diversify more, (2) I need to own higher quality companies, (3) I need higher current income, and/or (4) I need...
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A Peak Inside Apple Stock’s Balance Sheet
Because I don’t know approximately what the future of phones will hold, I cannot comment intelligently on the long-term future of Apple into 2024 and beyond. However, I can comment on what the U.S. tax...
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“Feeding The Beast” Investing
All my talk about oil stocks here on the site bring in lots of oil stock investors from the search engines, who woulda thought? In the past couple of days, I had been talking to a reader that decided...
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Seth Klarman And The Myth Of Wall Street
When Seth Klarman first began value investing for the Baupost Group, he encountered the frequent Wall Street wisdom that value investing would be dead in a short period of time because (1) the rise of...
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When Dividends Are Used As A Don’t Look Behind The Curtain Technique
This week, I’ve been working my way through Forrest McDonald’s 1962 book Insull about Samuel Insull, the man who worked as secretary and financial manager under Thomas Edison but also was associated...
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How Truly Long-Term Investors Should Approach Bank Of America
In the 2013 letter to shareholders of Berkshire Hathaway, Warren Buffett noted this: “It is important for you to realize that Bank of America is, in effect, our fifth largest equity investment and one...
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Managing Other People’s Investments
While I am flattered—and I mean this sincerely but I’m not a good enough internet writer to make the depth of my appreciation jump off the screen—that some of you have written to me asking that I...
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The Vanguard Wellington Fund During A Bull Market
I was reading an investor forum recently where a commenter said that he was contemplating a purchase of shares in Vanguard’s legendary Wellington Fund that has a track record of delivering 8.5% annual...
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