Below you'll find a list of all posts that have been categorized as “Investing”
I haven’t talked about it much on the blog, but I recently made a career move and jumped ship to a new E&P. If you want the details you can easily look me up on linkedin. Hopefully it turns out to be a good move for my career. In the meantime, I thought I could talk a bit about what …
Since this is a week for Buffett and Berkshire, now seemed like a good time to revisit the famous bet that Warren made with Ted Seides, CFA, and President / Co-CIO of Protégé Partners on who would win over 10 years – the S&P or a selection of 5 fund of funds chose by Protégé. The S&P has crushed them the past 7 years. …
One of my favorite annual publications came out today, the annual Berkshire Hathaway shareholder letter! Yet again Berkshire had a killer year. Berkshire’s gain in net worth during 2014 was $18.3 billion, which increased the per-share book value of both our Class A and Class B stock by 8.3%. Over the last 50 years (that is, since present management took …
BHP Billiton, one of my favorite, permanent holding companies, reported better than expected earnings today. In an environment in which the prices of all 4 of their primary commodities are in the tank, the company continued to operate admirably. Continued cost cutting and inefficiencies were found (from god know’s where) and the company reduced debt, improving it’s balance sheet. …
Lorillard, Inc. (LO), the third largest manufacturer of cigarettes in the United States, announced today that its Board of Directors approved a 7% increase in the quarterly dividend on its common stock from $0.615 per share to $0.66 per share. The dividend is payable on March 10, 2015 to stockholders of record as of March 2, 2015. Those boosts are …
Update: PhilosophicalEconomics did a fantastic post on the math behind Ronald’s portfolio and can you still do it today. One of my favorite kinds of stories popped up this week. I know it’s been covered in a lot of places, but I wanted to talk about it for a few minutes. I feel like I just found Mr. Money Mustache‘s long …
I work in Houston, which lives and dies by the price of oil and gas. When commodity prices are up, we’re a true boom town, but when they go bad, the whole city can go south quickly. Just in the past week, Schlumberger has announced at least 9,000 layoffs and dozens of other smaller companies are following similar exercises. The …
I recently opened a position in one of my favorite companies, Diageo (NYSE:DEO) at a price of roughly $112. Most Americans have probably never heard of Diageo, but they (along with Brown-Forman and Pernod Ricard) control the bulk of the major liquor brands that we regularly purchase. Diageo owns Smirnoff and Johnnie Walker, the world’s best selling vodka and whiskey. They also …
As I discussed in Energy Purchases Part 1 and Part 2 I believe there are massive amounts of value in the energy sector during the current downturn. My previous purchases were in October so I’m going to keep averaging in at these valuations and yields. Past week or so I’ve added to the positions we mentioned previously in BP and …
As I wrote about here, I believe large cap energy has a lot of value, and I outlined my new position in BP. I mentioned a few articles back, energy have been in deep decline recently and has gone down even more since the OPEC meeting Thursday. Almost all energy names have slide considerably across the board, so I’m now …