Asset Class Returns

Adam Investing Leave a Comment

I wanted to share an updated version of one of my absolute favorite charts, from our friends over at NovelInvestor. It’s always instructive to get a nice visual reminder of the value of diversification. As you can see, very rarely does the same asset top the charts multiple years in a row and it’s quite common for them to be …

What I learned from 50th Anniversary Berkshire Hathaway Letter

Adam Business, Investing 8 Comments

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 bumps the dividend

Adam Investing Leave a Comment

  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.  …