Are the Markets Really Efficient?

Warren Buffett has always been open about his approach to investing, singing the praises of focusing on business fundamentals to find strong stocks at good prices. However, in a recent BloombergView article, columnist Noah Smith outlines some reasons why the Buffett philosophy actually contradicts the efficient market hypothesis (EMH), an investment theory that says it’s […]

Buffett Revisited

The Oracle of Omaha is an investment legend whose tireless work ethic and down-to-earth philosophy has helped him grow Berkshire Hathaway into one of the largest companies in the world. In a recent article for Nasdaq, Validea CEO John Reese digs into Buffett’s stock selection method and offers five stocks picks that make the grade […]

Fundamentally Solid Value Picks in the Spirit of Graham and Doddsville

  In his revered 1984 speech at Columbia Business School, Warren Buffett referred to the strong track records of a group of prominent value investors as follows: “A concentration of winners that simply cannot be explained by chance can be traced to this particular intellectual village.” In other words, writes Validea CEO John Reese in […]

Debating with the Oracle of Omaha

It’s tough to argue with one of the most legendary investors of all time, but Paul Merriman (founder of Seattle-based Merriman Wealth Management) apparently takes exception with some of Warren Buffett’s principles, particularly as they relate to investors in retirement. In a recent MarketWatch article, Merriman outlines his interpretations and gripes with seven Buffett principles: […]

Can Active Investing Still Generate Alpha?

Back in 1984, Warren Buffett wrote an article entitled “The Superinvestors of Graham-and-Doddsville” (referring to the book Security Analysis co-authored by Benjamin Graham and David Dodd) in which he argues that passively managed funds can generate alpha for investors (beat the market) more so than actively managed funds. In the July issue of Advisor Perspectives, Larry Swedroe […]

Landing a Hole-In-One with Buffett

It’s not unreasonable to assume that many a golfer discusses the stock market while rolling over the back nine. But for fund manager Jamie Wilhelm, golf and investing represent his life’s passions. In a recent Barron’s article, he discusses how investment guru Warren Buffett has influenced his market approach. Years of competitive golf taught Wilhelm […]

7 Investing Tips From Warren Buffett

Warren Buffett “doesn’t . . . encourage the average individual investor to try to mimic his success,” but rather . . . to do exactly the opposite,” according to a recent Yahoo Finance post. The piece compiles 7 investment tips drawn from Buffet’s “more popular insights on investing,” which are reflected in the quotes from […]

Guru Stock Screen of the Week: In Search of Top Scoring Buffett-like Stocks

Berkshire Hathaway recently disclosed that it purchased $1 billion of Apple stock, which deviates from Buffett’s typical mentality to avoid technology stocks because he doesn’t understand them. The Apple purchase was made by Berkshire portfolio managers Todd Combs and Ted Weschler, who make investments of $1 billion or less, not by Buffett himself, so it […]

Top Value Investor Chris Davis on the Value in Financials

Chris Davis, chairman of the value investing shop, Davis Advisors, and portfolio manager of multiple Davis funds including the Davis Financial Fund, talks about a wide range of investing topics with WealthTrack’s Consuelo Mack.  One of the key points he makes early in the interview is that financial firms with the right culture and the […]

Fidelity Manager Shares Top Lessons Learned from his Berkshire Pilgrimage

Jamie Harmon, Portfolio Manager of Fidelity Advisor Small Cap, shared some takeaways from his 18 years of attendance at the Berkshire Hathaway annual meeting. In an interview with Andrew Daniels of Morningstar, Harmon said, “I think the thing that I really focused on from this year is the importance of great management and how they […]

All Things Buffett

In the spirit of Berkshire’s Hathaway’s annual meeting this weekend, we thought it would be good to put together a list of articles and links that may be interesting for Buffett followers. We’ll continue to update this from time to time as we find interesting Buffett-related commentary. Berkshire Hathaway’s annual letters (1977-2015) – Buffett’s shareholder […]

Consuelo Mack On the Best Advice from Investors like Buffett, Templeton and Bernstein

On the WSJ Watching Your Wealth podcast, Consuelo Mack, anchor and executive producer of WealthTrack, shares some of the best investment advice from her many years of investing and journalism experiences. She stresses that much of the “best” advice is the simple, and not overly complex. Her first point is make Uncle Sam work for […]

Is the Next Peter Lynch or Warren Buffett Waiting in the Wings as Value Emerges

Bloomberg reports on the market shifts toward value as “returning to an era when stock pickers reigned,” drawing on comments by Bank of Montreal’s Brian Belski, who said “it’s a Warren Buffet or Peter Lynch-type world where you buy good companies and stick with them.” As Bloomberg puts it, Belski’s comments reflect that “the current […]

A Lesson from the Modesty of Warren Buffett’s Recent Returns

Mark Hulbert at MarketWatch highlights Warren Buffet’s annual letter (the link includes a short video summary), but mainly emphasizes one crucial point that he suggests is a broadly important lesson for investors to keep in mind: how modest Buffet’s returns have been recently. Berkshire’s one-year growth was just 6.4% and Buffet’s 15-year annualized return is […]

Making Friends With Bear Markets

If you are trying to avoid the next bear market, Validea CEO John P. Reese has some advice: Stop trying to avoid the next bear market. In a piece for Forbes.com, Reese cites a recent column from Mark Hulbert, who monitors the performance of hundreds of investment advisors through his Hulbert Financial Digest. Hulbert says […]

Graham and Buffett Disciple Tops the Charts in 2015

Deena Friedman manages the Fidelity Select Retailing Portfolio, which has the highest 2015 return among mutual funds. With a return of over 18%, Barron’s notes that her “stock-picking easily outperformed comparable index-driven strategies,” given the 10.4% average return of ETFs investing in consumer discretionary shares. Friedman is a classic value investor, following Graham and Buffett, […]

Fidelity PM Learns from Value Greats like Buffett, Graham and Klarman

Chuck Myers, who heads the Fidelity Small Cap Discovery Fund, shared some of the lessons he has learned as a value investor at the recent CFA Institute Equity and Valuation Conference. As reported in Enterprising Investor, these include: “Learn from the best, but think independently.” Myers cites some of the best known investors, and those […]