Index Funds, ETFs, and The DIY Investor Herd

The DIY (Do-It-Yourself) investor crowd has been growing over the years, as average investors saw their portfolios devastated.  They  experienced enormous investment losses from the two most recent crashes in history (credit crisis / housing bust, and the technology / dot-com bust).  The average investors invested mainly in mutual funds, and the average DIY investors mainly purchased individual stocks.  Even traditionally conservative...

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Salida Capital Corp Wins Warren Buffett Auction Lunch

A Toronto, Canada, hedge fund firm Salida Capital Corp. won this year’s charity auction lunch with Warren Buffett.  The company’s winning bid was $1,680,300 USD, which includes up to eight guests.  The company stated that each partner will personally pay for their share, which is also tax deductible.  Proceeds of the auction will go to the Glide Foundation, a San Francisco based charity. . The company’s CEO had these...

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Warren Buffet (Berkshire Hathaway) Stock Portfolio – Update 2009 Q1

Warren Buffet’s Berkshire Hathaway (BRK.A / BRK.B) stock updates for the first quarter of 2009 (End of 3/31/2009): Added to: BNI [Burlington Northern Santa Fe] – Berkshire again added to the second largest railroad in the US, increasing his holdings to 76,777,029 shares.  Buffett has been buying up the stock and has once mentioned that the fundamentals for railroads has become better.  Both Buffett and his teacher Benjamin...

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Warren Buffett (Berkshire Hathaway) 2008 Letter To Shareholders

I’m not going to regurgitate the letter to my readers, as there are ample news articles doing that already.  Instead I think readers will get more out of commenting on the importance of what he says.   Even then, there is way too much to comment on in an article, so I have selected a few noteworthy items.  I STRONGLY encourage everyone to read the letter firsthand on their own.  As always the information if you accept it...

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Bank Valuation VIII

We have finally reached the end of the info packed Bank Valuation series.  Congratulations to all that have made it, I hope you were able to take away something useful. In this last article I will discuss calculating the intrinsic value of a bank. So far we covered the following:: – Net Interest Margin (NIM) – Return On Assets (ROA) – Loan Loss Reserve, and losses related to the loan portfolio – Return On...

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