Wednesday, November 4, 2015

Compilation of Value Links From Around the Web: November edition

Below is a compliation of the most interesting reading I've come across in the past month. 

Buffett, Munger and Berkshire:

Warren Buffett interview on CNBC:
Warren Buffett Not “Losing Any Sleep” Over Market Gyrations: Fox Business
Warren Buffett's Take on China, Wages and Donald Trump: Bloomberg Business
Berkshire’s Abel targeted by pilots union: Bloomberg
Buffett Builds Rail Superhighway to Grab Truck Freight:  Bloomberg
Warren Buffett's Full Interview on 2016 Election & More at the Fortune Most Powerful Women’s summit: Youtube
Munger bashes Valeant: Bloomberg
Profile of Tracy Britt Cool: Fortune
A dozen things learned about mistakes from Charlie Munger: 25IQ

Guy Spier and Mohnish Pabrai:

Ask anything session with Guy Spier: Beyond Proxy
Guy Spier on what to do about market turmoil: Observer
Notes from the 2015 Pabrai Funds meeting: Frenzel Herzing, Bits Business
An interview with Guy Spier: Bloomberg

Seth Klarman:

Would Seth Klarman Buy His Own Book? Link
The collected wisdom of Seth Klarman: Scribd

Other reading:

Presentation on General Motors by Ninad Shinde: Link
Sanjay Bakshi on the prejudices of mister market: Google Talks
Interview with Howard Marks: Youtube
Howard Marks latest memo: Inspiration from the world of sports: Oaktree Capital
Sohn Canada Investment Conference Notes 2015: Capitalize For Kids: Market Folly
Donald Trump’s persuasion tactics:
Ben Bernanke on Charlie Rose: Charlie Rose
The latest issue of the Graham and Doddsville newsletter: Columbia Business School
Wilbur Ross on world economic conditions: Fox Business

Tuesday, September 8, 2015

Compilation of Value Links From Around the Web: September edition

Below is my compilation of the most interesting topics from around the web:

My investment thesis on Hyundai Motor:

Manual of Ideas published my investment thesis on Hyundai Motor: Manual of Ideas

Warren Buffett and Berkshire Hathaway:

Berkshire is undervalued: David Kass Blog
Warren Buffett letter to Barron’s from 1962 on dubious accounting methods:Barron’s
How BYD began making electric buses in the United States: Paulson Institute
Heinz completed Kraft purchase and Buffett joins the board: NYT
Berkshire Hathaway Inc. to Acquire Precision Castparts Corp. for $235 Per Share in Cash  - $37.2 billion: Berkshire Hathaway

Warren Buffett on CNBC discussing Precision Castparts, IBM, and media companies:  Transcript

and videos:

Francois Rochon discussing Precision Castparts: Value Investor Insight
Warren Buffett on Squawk Box August 10thCNBC
How Warren Buffett built his empire: Forbes 1990: ValueWalk
An analysis of GEICO by Sanjay Bakshi

Charlie Munger:

The Super Investors of Daily Journal Corp: Forbes

Charlie Munger interviewed by CNN Money:

Charlie Munger on frozen corporation: DropBox

Mohnish Pabrai:

Mohnish Pabrai – Bridge and its similarities to investing: Sound Cloud
Mohnish Pabrai on the U.S. as an emerging market: Manual of Ideas

Seth Klarman:

Baupost letter to investor from June 1999: SEC Filling
Seth Klarman’s presentation to Bruce Greenwald’s 2010 CBS class: Youtube
Seth Klarman on the decision the hold cash – 2004 letter: Link
Seth Klarman in Barron’s in 1991: ValueWalk


Google’s official blog announcing Alphabet: Google Blog
Alphabet lets Google chase moonshots and stay profitable: WIRED

Other reading:

David Einhorn at the Grant’s Conference: ValueWalk
Keith Smith interviewed by the Manual of Ideas
Jeremy Grantham “We’re Closing in on Bubble Territory”: Morrningstar
Tom Gaynor at Google: The Evolution of a Value Investor: Youtube
Joel Greenblatt’s special situation class – analysis of Mood’s from 2006:HedgeRoll
Walter Schloss notes from Net Net Hunter
Greenlight Capital Q2 2015 letter to investors: Scribd
A rare interview with the man who cracked Wall Street – Jim Simons: TED

Thursday, June 18, 2015

Compilation of Value Links From Around the Web: June edition

Here is my compilation of the most interesting topics from around the web.

Feel free to reach out with questions or comments,



Notes from the Berkshire Hathaway Annual meeting:

Analysis of the Berkshire Hathaway Annual Meeting | WSJ
Notes from the Berkshire Annual Meeting by David Kass | David Kass
Other annual meeting notes: Valuewalk, S&C Messina, Motley Fool,  Business Insider

Notes from the Daily Journal Annual meeting:

Notes from the Daily Journal Annual meeting | Aznaur Midov
Two hour audio clip of Charlie Munger answering questions at the Daily Journal annual meeting | ValueWalk, Bamboo Innovator,
Daily Journal Annual Meeting – coverage by Forbes| Part 1, Part 2, Part 3 and Part 4
Chai Jing's review: Under the Dome – Investigating China’s Smog: Charlie Munger recommended watching this at his annual meeting |  Youtube

Warren Buffett:

Notes from the Meeting Dr. George Athanassakos and Ivey MBA and HBA students had with Mr. Warren Buffett | Ben Graham Investing
Jeff Cunningham interviews Warren Buffett | Youtube
Analysis of the investments made by the Buffett Partnership | Bull Bear and Value Blog
How Warren Buffett keeps up with information |  Farnam Street
Buffett: No stock market bubble, but few bargains | CNN Money
Buffett: Tesla doesn't threaten me | CNBC

Mohnish Pabrai and Guy Spier:

Mohnish Pabrai and Guy Spier in Conversation with Saurabh Madaan | Talks at Google
Video from Guy Spier’s Aquamarine Capital 2013 Partnership meeting | Link


Would Benjamin Graham have hated index funds? | WSJ
A dozen things learned from Lou Simpson | 25IQ
A conversation with Joel Greenblatt – Interviewed by Howard Marks| Youtube
Greenlight Capital Q1 2015 letter | Value Walk
2015 Sohn Conference presentations | Marketfolly
Benjamin Graham’s last interview | Link
Baidu CEO interviews Bill Gates and Elon Musk | Youtube
SALT conference – Chanos, Bass, Burbank, Cooperman | Marketfolly
Bill Gates interview: How the world will change by 2030 | Youtube

Warren Buffett on CNBC after the Berkshire Annual Meeting:

Why IBM and not Apple? Warren Buffett answers
Watson enormously valuable future: Buffett
Bonds are very overvalued: Buffett
Fed has done 'right thing': Buffett
David Winters' math 'way off': Buffett
Doing business with 3G: Buffett
Watch Warren Buffett arm-wrestle an NFL pro
We have no anti-union philosophy at Berkshire: Buffett
Buffett: I am one quarter Coca-Cola
NFL's 'secret finance nerd': Suh
Repurchase and dividends two different animals: Buffett
We're not SIFI: Buffett
Hydrocarbons just as precious as Iowa top soil: Munger
Buffett: Better option than increasing minimum wage
Gates, Munger & Buffett: If I were education czar...
Buffett on the Fed: Yellen's hands are tied
Buffett: Clayton Homes' loan policy
Buffett: Clayton loan applications clearly written
What's Warren really like?
Buffett: We'll make 'considerable' money on IBM

Thursday, March 26, 2015

March Compilation of Value Links From Around the Web

Here is my compilation of the most interesting topics from around the web.

Feel free to reach out with questions or comments,



Warren Buffett:

Berkshire’s portfolio changes in Q4: Dataroma
Buffett delegating more to his deputies: Salt Lake Tribune
Buffett tells deputies to supervise newest Berkshire businesses: Bloomberg
Buffett’s German to do list: Handelsblatt
The fun has just started in auto sales Buffett says: Bloomberg
Buffett’s son is not heir apparent: CNBC

2014 Berkshire Annual report links:

2014 Berkshire Hathaway Annual Report: Berkshire
Article Buffett mentions on Jim Ling: D Magazine
Grading Buffett after 50 years: Fortune
Buffett on CNBC: Value Investing World

Berkshire’s acquisition of Kraft:

3G to acquire Kraft: Bloomberg
How Kraft Rolled out the welcome mat: WSJ
Kraft and 3G: WSJ
“Will own Kraft forever” says Buffett: CNBC
3G buying to keep: CNBC
Kraft Heinz structure: CNBC
The Kraft negotiations: CNBC


How to develop your best investment ideas with Josh Brooks of Granite House Capital: Youtube
Wilbur Ross on the housing market and oil prices: Bloomberg
Highlights from Seth Klarman’s 2014 letter: Bloomberg
More highlights: Valuewalk
Baupost sifted through energy companies: Bloomberg
Mohnish Pabrai at TiE SoCal: Youtube
Mohnish Pabrai and Guy Spier Google Talk: Youtube
Tribute to Donald Keough who lead Coke through the New Coke debacle: New York Times
Tribute to Irving Kahn who lived until 109 and worked under Ben Graham: Bloomberg

Friday, February 20, 2015

Invitation: YellowBRKers Meet and Greet at the Berkshire Annual Meeting

Dear readers,

You are invited to an event I host every year during the Berkshire Hathaway Annual Meeting weekend.

YellowBRKers 2015 details:

The 2015 event will be held at the same time and location as in prior years.

Friday May 1st from 4PM to 7PM

DoubleTree by Hilton Omaha Downtown
1616 Dodge Street
Omaha, NE 68102

For more details and registration:

I look forward to seeing you there!


Tuesday, February 17, 2015

February Compilation of Value Links From Around the Web

Here is my compilation of the most interesting topics from around the web.

Feel free to reach out with questions or comments,



Wilbur Ross “Why I’m ready to invest more in Europe.” CNBC
Wilbur Ross on Oil: CNBC
Five Good Questions with Mohnish Pabrai and Guy Spier: Part1, Part2
Demographics of India are Promising For the Future – Mohnish Pabrai: Bloomberg India and Part 2
Mohnish Pabrai's December 2014 talk to Sanjay Bakshi's MDI class: Value Investing World
Bill Gates’s Big Bet on Reducing Poverty: Bloomberg
Bill and Melinda Gates Foundation Annual Letter: Gates Notes
Bill and Melinda Gates discuss their foundation's work to improve global healthcare and combat poverty: Charlie Rose
Greenlight Capital’s Q4 letter: Marketfolly
Longleaf Partners Q4 Letter: Longleaf
Bruce Berkowitz on Sears: Valuewalk
Bank of America B warrants (hint – I own BAC/WS/A in my portfolio. Not the B warrants): Beyond Proxy
Klarman: What I’ve learned from Warren Buffett: CNBC
Atul Gawande: The Building Industry’s Strategy for Getting Things Right in Complexity: Farnam Street
Bill Gates at Davos 2015 – Sustainable Development A Vision for the Future: Value Investing World
Highlights of Warren Buffett Interview on Fox Business: David Kass
GMO 4th Quarter letter: GMO
Inside Google’s Secret Lab: Graham and Doddsville