Warren Buffett

Visa – A wonderful business at a fair price

2018-05-16T13:52:08-04:00By |Categories: Blog|Tags: , , , , , , , , , |

Warren Buffett has said many times, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” But what is a wonderful company? Isn't wonder in the eye of the beholder? [...]

Help! My stock is a cannibal

2013-04-16T10:04:59-04:00By |Categories: Blog|Tags: , , , , , , , , , |

Normally, I would suggest that you run away from a cannibal but a stock cannibal is one you should embrace. In a recent interview, Charlie Munger suggested that one key to investment success is to look at cannibals — businesses [...]

Stocks are cheap

2013-01-21T15:03:37-05:00By |Categories: Blog|Tags: , , , , , , , , , , , , |

Now that the S&P 500 is back to a five year high, investors may be wondering if stocks are still cheap. It has been a nice run since March 2009 and maybe it’s time to cash in the chips. Not [...]

If the world’s 3rd richest man doesn’t care, why should you?

2012-09-23T17:38:25-04:00By |Categories: Blog|Tags: , , , , , , |

"In 53 years we never had a discussion about macro affairs when buying or selling stocks.There is always going to be bad news", Warren Buffett. If the greatest investor of all-time is telling you to ignore the headlines, you should [...]

Too Big to Fail and Too Cheap to Ignore

2018-06-28T18:20:42-04:00By |Categories: Blog|Tags: , , , , , , , , , , , , , , |

Followers of Barry Schwartz’s articles will recall that value investors await opportunities in the market by swinging at “fat pitches.” A fat pitch is intended to  provide the investor with a margin of safety by protecting him against downside risk. [...]

Buy and hold is dead, Long live buy what you need and wait for the fat pitch.

2012-06-27T18:49:06-04:00By |Categories: Blog|Tags: , , , , , , , , , , , , , |

Buy and hold is a terrible strategy, if you aren't paying attention to a company's valuation or business strategy. Warren Buffett once said that his preferred holding period for a stock is forever. But I think he left out the [...]

Stick with stocks for the long run

2012-06-07T10:42:15-04:00By |Categories: Blog|Tags: , , , , , , , , , , , , , |

On June 4, 1992, my 40th birthday, I resigned from my job in the venture capital industry and launched Baskin Financial.  With no clients and no track record, it was a pretty scary thing to do.  Now, twenty years later, [...]

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