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The Conglomerate Discount: Is It Justified?
By and large, Wall Street’s distaste for conglomerates persists to the present day, with most conglomerates valued less than the total value of the individual assets they hold. Should they?
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A Compelling Case For Fairfax Financial In Today’s Environment
Fairfax has now fallen deeply out of favor and trades for a seemingly very cheap 9% premium to its book value. Does that make the stock a great contrarian pick currently?
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Deferred Gratification: The Case Study Of The Daily Journal Corporation
How examining the Daily Journal Corporation reveals the benefits of deferred gratification in investing and business.
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Separating Your Politics From Investing
In the end, if you want to be successful in investing, follow the advice of Aristotle: “Knowing yourself is the beginning of all wisdom.”
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Exor Shares Not Reflecting The Run-Up In Fiat Chrysler
Fiat shares have been on a tear as speculation mounts surrounding its Jeep and Maserati divisions. But, much of that increase is absent in the share price of its largest holder.
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Can Seritage Find Life After Sears?
Seritage was dealt a bad hand when it was spun-out from Sears, but if it executes its strategy, investors are in line to make a large profit.
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Latest Comments
Can A Stimulus Program Really Boost The U.S. Economy?
3 years ago

Yeah, I can agree with that. Should there be an infrastructure plan, the devil will really be in the details.

Can A Stimulus Program Really Boost The U.S. Economy?
3 years ago

"It is widely agreed that the stimulus package has not created any acceleration in growth."

I think you need to be a little careful of making statements such as this. I don't think there is actually widespread agreement regarding what the economy would have looked like under the actual scenario and a hypothetical scenario where there was no stimulus.

The 2009 stimulus was also largely geared towards tax relief or direct assistance to individuals. It's hard to compare that to the long term (or short term) impact of a direct infrastructure program.

Reviewing Berkshire Hathaway’s Third Quarter Earnings
3 years ago

I agree with you that conglomerates can be managed poorly and are more complex enterprises than more focused businesses. But, if managed well they provide a very large opportunity - the ability to expand investment options beyond those normally available. There are conglomerates with poor histories - like ITT and the others from from the 1960s boom - but there are also some examples of genuine value creation.

In this article: BRK-A
Reviewing Berkshire Hathaway’s Third Quarter Earnings
3 years ago

It's certainly a conglomerate. But why is that bad? $BRK-A

In this article: BRK-A
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STOCKS I FOLLOW

BRK-A Berkshire Hathaway Inc
DIS The Walt Disney Company
ITIC Investors Title Company
KO The Coca-Cola Company
LUK Leucadia National Corporation
SIG Signet Jewelers Limited

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