Tag Archives: Warren Buffett

Expert Opinion: What is it Worth? Montana, Brady, and Tebow

Posted on November 18, 2011 by Ray Galkowski, CFA

I am absolutely fascinated with the Tim Tebow story. Not the one about the vilified, overtly Christian athlete. No, I am fascinated with the countless stories of athletes like Tebow that experts said could not be successful, and then end up having one success … Continue reading →

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Moneyball

Posted on September 24, 2011 by Ray Galkowski, CFA

I love value investing for the edge that it gives me, and I love baseball. Michael Lewis is a brilliant writer who once worked in my old insustry (mortgage backed securities) at Salomon Brothers. During his time at Salomon, Perelman attempted a … Continue reading →

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The Investing World’s Reaction to Buffett’s Hiring of Richard “Ted” Weschler

Posted on September 14, 2011 by Ray Galkowski, CFA

I am surprised at the reaction among investors and the media over Buffett’s selection of Ted Weschler as one of his portfolio management successors, but I suppose I should be used to it by now. The general reaction has been: … Continue reading →

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Prem Watsa, CFA

Posted on September 10, 2011 by Ray Galkowski, CFA

I used to own Fairfax Financial, which smartly shorted financial stocks and bonds–to the tune of several billion dollars–before they blew up. Here is an enjoyable interview of its CEO–Prem Watsa, CFA–who is a value investor who is sometimes referred … Continue reading →

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Prem Watsa’s Thoughts on Current Macro Conditions

Posted on July 21, 2011 by Ray Galkowski, CFA

Prem Watsa is Chairman of Fairfax Financial, a Canadian P&C firm in the mold of Berkshire Hathaway. Prem is sometimes called Canada’s Warren Buffett. We held a profitable position in Fairfax for a while, but no longer hold any interest … Continue reading →

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Similar Investors Perform Alike…

Posted on July 12, 2011 by Ray Galkowski, CFA

…as Buffett noted in his Superinvestors speech–see tab above–despite having little overlap in their portfolios. I liberally copied from the business models used by Ben Graham, Warren Buffett, David Einhorn, Seth Klarman, and Mohnish Pabrai. Those investors started small with … Continue reading →

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From Howard Marks’s Latest Memo…

Posted on June 7, 2011 by Ray Galkowski, CFA

…see link to the right: Especially since the publication of my book, people have been asking me for the secret to risk control. “Okay, I’ll read the 180 pages. But what’s really the most important thing?”If I had to identify … Continue reading →

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Are We Near the Top Yet? Momentum Investing and the Anne Hathaway Effect

Posted on March 28, 2011 by Ray Galkowski, CFA

Today, on the same day that the New York Times published a piece that asked if investors were investing like it was 1999, Herb Greenberg produced a piece on CNBC that questioned the same thing. Make no mistake, this is a momentum … Continue reading →

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There’s Always Something to Do

Posted on March 22, 2011 by Ray Galkowski, CFA

Christopher Risso-Gill has written a biography of Canadian Peter Cundill, legendary value investor of the Cundill Value Fund. In it, Gill quotes Irving Kahn–another legendary value investor: “There’s always something to do. You just need to look harder, be creative … Continue reading →

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Gates and Buffett at Columbia’s Graduate School of Business 4Q 2009 (Video)

Posted on February 19, 2011 by Ray Galkowski, CFA

This is old, but it is a timeless clip. I watched this meeting live and thought it well done, but it is amazing how much wisdom you can find in a few minute clip from a 90-minute event. Buffett makes … Continue reading →

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