Money and Finance
- Buffett Tells Coke Ceo Study Failure, Avoid Complacency
UPDATE: The video of the Coca-Cola Annual Meeting (Mr. Buffett enters around the 17-minute mark) is available HERE and HERE. Warren Buffett, who controls the largest stake in Coca-Cola Co. (KO), told the chief executive officer of the soft-drink maker...
- Randomness And The Lost Lesson Of Bill Miller
A related quote from Nassim Taleb that I posted on Twitter this morning: “Recall that the survivorship bias depends on the size of the initial population. The information that a person derived some profits in the past, just by itself, is neither meaningful...
- Legg Mason’s Miller To Exit Main Fund After Trailing Peers
Bill Miller, the Legg Mason Inc. (LM) manager known for beating the Standard & Poor’s 500 Index for a record 15 years through 2005, will step down from his main fund after trailing the index for four of the past five years. Miller, 61, will be succeeded...
- Greenlight Capital Q2 Letter
Link: Greenlight Capital Q2 Letter It ends with a great quote: “The pessimist complains about the wind; the optimist expects it to change; the realist adjust the sails.” –William Arthur Ward .......... That quote reminded me of the way Bill Miller...
- Put Buyers First? What A Concept
When I spoke to analysts and investors, they had all kinds of reasons for Amazon’s performance last year. “They finally reached a point where their R&D spending was not expanding as fast as their revenues,” said Citigroup’s Mark S. Mahaney....
Money and Finance
Buy Bill Miller Now
If you look beneath the surface, Miller is doing the same things that he has always done. For now, they're failing abysmally, and they may continue to fail for some time. But, in my view, Legg Mason Value (LMVTX) and Legg Mason Opportunity (LMOPX), a member of the Kiplinger 25, are both keepers. Better than keepers: Indeed, this is an ideal time to invest in them.
- Buffett Tells Coke Ceo Study Failure, Avoid Complacency
UPDATE: The video of the Coca-Cola Annual Meeting (Mr. Buffett enters around the 17-minute mark) is available HERE and HERE. Warren Buffett, who controls the largest stake in Coca-Cola Co. (KO), told the chief executive officer of the soft-drink maker...
- Randomness And The Lost Lesson Of Bill Miller
A related quote from Nassim Taleb that I posted on Twitter this morning: “Recall that the survivorship bias depends on the size of the initial population. The information that a person derived some profits in the past, just by itself, is neither meaningful...
- Legg Mason’s Miller To Exit Main Fund After Trailing Peers
Bill Miller, the Legg Mason Inc. (LM) manager known for beating the Standard & Poor’s 500 Index for a record 15 years through 2005, will step down from his main fund after trailing the index for four of the past five years. Miller, 61, will be succeeded...
- Greenlight Capital Q2 Letter
Link: Greenlight Capital Q2 Letter It ends with a great quote: “The pessimist complains about the wind; the optimist expects it to change; the realist adjust the sails.” –William Arthur Ward .......... That quote reminded me of the way Bill Miller...
- Put Buyers First? What A Concept
When I spoke to analysts and investors, they had all kinds of reasons for Amazon’s performance last year. “They finally reached a point where their R&D spending was not expanding as fast as their revenues,” said Citigroup’s Mark S. Mahaney....