The major news today is of Mars Inc buying Wrigley's for $23 billion. A 28% premium over Friday's close. Wrigley's basically owns the chewing gum market with 50% market share in the US as well as a strong presence internationally. Because of its gigantic moat and simple to understand business, it has been one of Buffett's often used examples in speeches. No wonder he doesn't mind putting up $6.3 billion in cash to help finance the deal for a minor stake in the company.
Continue reading...Sunday, April 6, 2008
Berkshire Hathaway's 2007 letter has been out for a couple of weeks and I finally got around to reading it. As usual, it is a highly educational read, detailing Berkshire's business performance as well as the wit and wisdom of Warren Buffett. Continue on to read a list of quotes that I believe to be insightful and invaluable as well as commentaries.
Continue reading...Wednesday, February 6, 2008
Do you diversify? Diversification must be one of money managements most important concept. When you speak to just a regular financial advisor they will probably mention that you haven't diversified enough. Have you diversified lately?
Continue reading...Saturday, February 2, 2008
What do all these things have in common? Buffett and investing definitely go together, but how does baseball fit in? Buffett, a fan of baseball, regularly uses baseball analogies to compare his investment methods. In the investment world, where Mr Market is the pitcher, Buffett is one of the best batters in the world. As always, Buffett is kind enough to share his techniques and strategy to all those that listen. Marks of a truly great sportsman.
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Monday, April 28, 2008
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