Money and Finance
Buffett admits Tesco investment ‘a huge mistake’ (LINK)
Ben Hunt's latest: Going Gray (LINK)
Pharmacy Schools: One of America's most reliable professions is producing too many graduates and not enough jobs (LINK)
- Links
Warren Buffett Takes 8% Stake in Sears Spinoff Seritage (LINK) Billionaire investor Warren Buffett has taken an 8.02% stake in Seritage Growth Properties Inc., the real-estate company split off from Sears Holdings Corp. earlier this year. Mr. Buffett...
- Warren Buffett On Cnbc
Links to videos: Berkshire Hathaway celebrates 50 years Who will succeed Warren Buffett? #Ask Warren: Charlie Munger No surprises at IBM: Buffett Deere's long term attraction: Buffett #Ask Warren: Glenn Close What's inside Berkshire Hathaway?...
- Links
How levered was John Maynard Keynes' portfolio? (LINK) What Happened When Marissa Mayer Tried to Be Steve Jobs (LINK) Eddie Lampert: Is something a “failure” if other successes come from it? (LINK) THE EVERYTHING BOOK: READING IN THE...
- Lessons From Buffett's Tesco Mistake
As I read through the 2014 Berkshire Hathaway letter last weekend, one section stood out to me as being full of great investing lessons. Here's the passage: Attentive readers will notice that Tesco, which last year appeared in the list of our...
- An Important Dividend Cut Case Study
Back in March, I explained why I sold my position in Tesco for a 22% loss. Looks like it was the right move. As of this writing, the stock is down another 25% from my selling price. Worse, the company recently reduced its interim dividend by...
Money and Finance
Links
Buffett admits Tesco investment ‘a huge mistake’ (LINK)
Billionaire investor Warren Buffett has admitted that his seven-year bet on Tesco was a “huge mistake” in a frank mea culpa by the so-called Sage of Omaha.
The chairman of Berkshire Hathaway, which is Tesco’s fourth largest shareholder with a 4.1 per cent shareholding, according to Bloomberg data, told CNBC: “I made a mistake on Tesco. That was a huge mistake by me.”
...
Mr Buffett bought Tesco shares in 2007. At the end of 2013, according to the Berkshire Hathaway annual letter to shareholders, he owned 301m Tesco shares, or 3.7 per cent of the company.
The letter said they were bought for $1.699bn, according to the letter and were worth $1.666bn at the end of last year. At the current share price, the 301m shares would be worth $880.5m, a paper loss of 48 per cent.The Absolute Return Letter: Six Months of Nothing (LINK)
Ben Hunt's latest: Going Gray (LINK)
Grant's: Exit of Argentina’s President Offers Value Opportunity (LINK)
Safal Niveshak’s interview with Basant Maheshwari (LINK)
Safal Niveshak’s interview with Basant Maheshwari (LINK)
Pharmacy Schools: One of America's most reliable professions is producing too many graduates and not enough jobs (LINK)
- Links
Warren Buffett Takes 8% Stake in Sears Spinoff Seritage (LINK) Billionaire investor Warren Buffett has taken an 8.02% stake in Seritage Growth Properties Inc., the real-estate company split off from Sears Holdings Corp. earlier this year. Mr. Buffett...
- Warren Buffett On Cnbc
Links to videos: Berkshire Hathaway celebrates 50 years Who will succeed Warren Buffett? #Ask Warren: Charlie Munger No surprises at IBM: Buffett Deere's long term attraction: Buffett #Ask Warren: Glenn Close What's inside Berkshire Hathaway?...
- Links
How levered was John Maynard Keynes' portfolio? (LINK) What Happened When Marissa Mayer Tried to Be Steve Jobs (LINK) Eddie Lampert: Is something a “failure” if other successes come from it? (LINK) THE EVERYTHING BOOK: READING IN THE...
- Lessons From Buffett's Tesco Mistake
As I read through the 2014 Berkshire Hathaway letter last weekend, one section stood out to me as being full of great investing lessons. Here's the passage: Attentive readers will notice that Tesco, which last year appeared in the list of our...
- An Important Dividend Cut Case Study
Back in March, I explained why I sold my position in Tesco for a 22% loss. Looks like it was the right move. As of this writing, the stock is down another 25% from my selling price. Worse, the company recently reduced its interim dividend by...