Q&A: Legal Matters with Charles T. Munger [Standord Lawyer interview]

While we wait for Berkshire Hathaway to reveal its U.S. stock holdings as of March 31 (first quarter 2009) to see what stocks Warren Buffett bought/sold, investors can absorb some knowledge from his business partner Charles T. Munger. The Standford Law School has published an interview with Charles Munger, the vice chairman of Berkshire Hathaway , by professor Jopseph A Grundfest.  The interview “Q&A: Legal Matters with...

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Buffett on Bank Stress Tests

This is a short follow-up to last week’s article regarding the bank stress tests (What Is All The Stress With The Bank Stress Test?), and what it means to investors.  In statements to media over the weekend at the Berkshire 2009 annual shareholder meeting, Buffett’s statements confirm what we have discussed in the previous article.  He makes it clear that he does not agree with the standardized approach the government is...

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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 VII

I apologize for the slightly longer than usual time between posts these last two weeks.  Its been a busy 2 weeks.  Up to this point in this series, I have discussed only quantitative/numeric metrics.  However, in this article I will discuss some qualitative metrics related to bank itself. The final article in the series will be posted the following week.  So far we covered the following metrics: – Net Interest Margin (NIM)...

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