Charlie Munger

The definitive guide to buying your own bitcoin

In 2009, Satoshi Nakamoto launched bitcoin, the world’s first fully decentralized cryptographic financial network. After bitcoin first launched, people who invested even just minuscule amounts saw their investments skyrocket. For instance, one Norwegian’s $27 investment turned into $886,000 after …

Cryptocurrency

Reduce Your Risk With Bitcoin And Get A Solid 4% Dividend

Bitcoin valuation is mysterious and the future is unclear but you can know exactly when to sell to generate intelligent gains.<p>When selling there are …

Stocks

Buffett's Favorite Dividend Stock Just Can't Compete With These 3 High-Quality Rivals

Wells Fargo has long been a favorite of Warren Buffett, in fact it's Berkshire's single largest holding.<p>However, the three cornerstones of what made …

Finance

Valeant: I'm Not Selling A Share

Valeant stock has been on a tear: up 95% since November 2nd.<p>Vyzulta approval, Q3 earnings and debt refinancing do not initially appear material …

Business

PREMIUM: David Shapiro: Unpacking Steinhoff; Naspers in New York; and prospects for 2018

<i>In this episode of The Old Firm, David Shapiro and I draw on our decades of engagement with Steinhoff CEO Markus Jooste in an attempt to understand</i> …

Nkosazana Dlamini-Zuma

Taking The 'Fun' Out Of Baseball And Investing

The Application of Odds Theory is making Major League Baseball Boring. But as Guys like Jim Crane, Charlie Munger, and Warren Buffett know, Boring …

Business

Solving Hard Problems With Simple Ideas

Adriaan de Groot studied chess masters in the 1960s. He was one himself. He wanted to pinpoint traits that separate good players from extraordinary …

Warren Buffett

Warren Buffett bought his first Berkshire Hathaway shares for $7.50 each, 55 years ago today

In December of 1962, Warren Buffett was 32 years old and gaining notoriety as an investor in Omaha, Neb. But at the time, his strategy wasn't the …

Stocks

Costco: Now It Will Be Stronger Than Ever

Costco finishes fiscal 2017 with strength.<p>Expands into two new international markets, Iceland and France.<p>Costco carries a small margin of safety at …

Stocks

How Warren Buffett's favorite stock-market gauge can help investors make smarter decisions

• <b>The Buffett Indicator is the ratio of a country’s stock market capitalization to the overall GDP of the country.</b>• <b><br>If the stock market is below 50% of the GDP, it is too low. Between 75% and 90%, the market is about right. Above 115%, it is overvalued on a relative basis.</b>• <b><br>In late 2017 the market is</b> …

Investing

Circle of Competence: What and Why

Tom Watson [the founder of IBM] said – “I’m no genius. I’m smart in spots and I stay around those spots.”<p>Charlie Munger and Warren Buffett define …

Warren Buffett

The Two Words That Will Lead You To Success and Happiness

<b>Seriously: Just Two Words</b><p>Seems like this should be a very short post, right?<p>Here’s the quick and dirty:<p><b>The word “yes” leads to happiness.</b>• <b><br>The word</b> …

Jackson Browne

How to cope if you weren't an early investor in bitcoin

<i>This post originally appeared on The Irrelevant Investor.</i><p>It’s impossible to escape the mania. By this point, literally everybody is talking about it. …

Warren Buffett

Why there is no such thing as ‘personal’ productivity

There is a concept in Buddhism known as ‘co-dependent arising,’ also referred to as ‘dependent origination.’ Though impossible to break down in a few …

Thich Nhat Hanh

How The Greatest Minds Solve Problems: Thinking Partners

Source: Wikipedia Commons / Public Domain<p>In 2011 Dan Sperber and Hugo Mercier, two French social cognitive scientists published a paper that stirred …

Warren Buffett

How To Read Financial News

The takeaway here is that good, relevant content is extremely rare. You should have no tolerance for the lower half of categories in this chart, and …

Warren Buffett

The CEO Who Made Disney an $80 Billion Company Just Listed 5 Books Every Entrepreneur Should Read

I've read three of the five books Michael Eisner recommends...and the other two are now on my reading list.<p>Former Disney CEO Michael Eisner just shared his top reading recommendations for business -- and life.<p>Eisner created the reading list for Scribd, the digital reading subscription service, that …

Success

5 Books Entrepreneurs and Investors Are Giving Away This Holiday Season

Give the gift of ideas this holiday season.<p>Everyone has that one picky person on their holiday gift list who is nearly impossible to buy for. But no matter what sort of niche hobby, arcane interest, or expensive obsession makes deciding on a present for this person nearly impossible, the solution …

Success

Secret To Success: The Two Mindsets You Need To Avoid

<i>“Invert, always invert: Turn a situation or problem upside down. Look at it backward.”</i><p>– Charlie Munger<p>For ambitious people, knowing what to do is not …

Warren Buffett

The Largest (Legal) Money-Transfer Scheme In History

Collectively, the major actively managed wealth management firms control too much capital to outperform the market or generate "alpha."<p>Major …

Finance

16 mental models for founders and leaders

Think of mental models as the operating systems (OS) that run in the background of your brain. They’re always running—and you’ve put them together, either consciously or subconsciously, from your experiences and information.<p>Mental models give you a perspective or a frame of mind with which to view …

Vitalik Buterin

She invests, writes about investing and admires Warren Buffett. She’s 15.

It all started with an American girl and her American Girl.Six years ago, stock whiz Maya Peterson sold her American Girl doll for $100. She used the …

Stocks

Bitcoin, Ignorance, and You

The gravity-defying rise of bitcoin has been drawing in new money from people who appear to know nothing about the cryptocurrency other than the fact that its price has gone up a lot in a hurry.<p>On Nov. 30 the fifth-most popular stock among ​brokerage ​customers of Fidelity Investments was Bitcoin …

Business

Warren Buffett’s 7 Best Stock Picks of 2017

InvestorPlace - Stock Market News, Stock Advice & Trading TipsIdentifying the best stocks to buy can be difficult, but you can learn a thing or two …

Stocks

Berkshire Hathaway Has Outgrown Warren Buffett, Will Earn Excess Returns For Other Reasons

Berkshire Hathway's unique structure gives it an interest-free loan to invest with.<p>Return on capital has been boosted by around 2% last year due to …

Investing

McCullough: This Is One Of The Better Economics Books You'll Ever Read

We highly recommend Nobel laureate Herbert Simon’s witty autobiography, Models of My Life.<p>"[The book] contextualizes where we were in economics back …

Business

Pricing Power: Delighting Customers Vs. Mortgaging Your Moat

<i>By Sean Stannard-Stockton</i><p><i>"The single most important decision in evaluating a business is pricing power. If you've got the power to raise prices</i> …

Business

Warren Buffett Taught Me These 5 Amazing Investing Lessons to Use in 2018

I began my now 42-year long career on Wall Street in 1975, aged 25. The first time I ever heard the name of Buffett was in that same year. However, …

Personal Finance

Tesla Is the Exception That Proves the Rule on Board Pay - Bloomberg Gadfly

Corporate America may soon be more mindful of director pay. That's good news for shareholders.<p>To date, it's a topic that's been the subject of a …

Business

Warren Buffett’s 7 Best Stock Picks of 2017

Sometimes identifying the best stocks to buy can be difficult, but if you examine billionaire Warren Buffett’s moves, you can learn a thing or …

Stocks