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[Week 25 - 1989] Discussing A Berkshire Hathaway Shareholder Letter (Almost) Every Week.
**Full Letter:** http://theoraclesclassroom.com/wp-content/uploads/2019/09/1989-Berkshire-AR.pdf **Letter Only** https://www.berkshirehathaway.com/letters/1989.html This week we will go over the 25th anniversary of Buffett acquiring Berkshire, he celebrates by reviewing all his mistakes over those 25 years and distilling the lessons he learned from them. A goldmine of quotes. We also go over a discussion of unrealized …
Why do so many people say silver is a hedge or hobby, not a serious investment vehicle?
In my opinion, silver is not the whole plan. It is the part of the plan that does not depend on earnings, banks, or promises. It is real. It is scarce. Industry needs it. I like it as a small position for diversification and optionality. Thoughts?
S&P Global (SPGI). Buy the dip? Or wait some more?
Here is a company with strong fundamentals that trades at around 410$ and 25 P/E, below its historic average PE which is closer to 35. It is growing its revenue and profit margins and is actively investing and acquiring businesses (Kensho Technologies, With intelligence) to combat the fears of AI …
$SMRT - Another undervalued software company
For reference I gave you $BLZE at $4 at the beggining of the year. Today it's at $20. [Link to $BLZE analysis](https://www.reddit.com/r/ValueInvesting/comments/1r89ri3/this_4_stock_powers_ai_data_storage_and_wall/) **SmartRent Analysis:** SmartRent sells smart-home/smart-building tech for multifamily landlords: locks, thermostats, access control, monitoring, community WiFi, and software. Just based on the ARR and the growth, the company …
Is there anything valuable 'on offer' right now?
Hi, I fear this post will definitely get some hate, but I followed this sub for a while and a bit over a year ago bought my first 7 individual stocks. Before that I only bought ETFs. The way I pick stocks is usually just broadly looking at decent companies …
BKTI: the niche radio maker dominating wildland firefighting, 35% ROIC and zero debt, still ~27% below my estimate of intrinsic value
BKTI reported a beat back in May and guided to $90M+ revenue with 50%+ gross margins for the year. The stock is up a lot from its lows but still trades around 14x cash flow. Gross margins have gone from 19% to 52% in four years. I think the market …
Where is the data source for a potential AI pop
There is no question that AI is a bubble, but that doesn't mean its going to pop necessarily, and if it does, that statement doesn't decide the timing. Most value investors are more skeptical than the average investor so I am sure many of us have been calling bs for …
BRK is 86% up in 5 years vs S&P500 with 74% in 5 years
BRK is up 3% today after the earnings beat, and It’s crazy how BRK still manages to beat the S&P500 in perhaps one of the biggest 5 years AI bull runs, all without having much AI in their portfolio and hoarding above $300 billion in cash now. You don’t often …