When I was young people called me a gambler. As the scale of my operations grew, I became known as a speculator. Now I am called a banker. But I have been doing the same thing all the time. — … Read more
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In a recent paper titled “Buffett’s Alpha,” the authors were able to separate Buffett’s outstanding performance into three distinct buckets. First, Buffett, no surprise, is a good stock picker. Second, by using the premiums written by Berkshire Hathaway’s various insurance … Read more
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The legendary Berkshire Hathaway is scheduled to release earnings on the first of May, so we caught up with an investor who has followed the Omaha-based company and its founder Warren Buffett for years. The subject of our conversation: Is … Read more
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The investment management industry is based on the premise that smart, hard-working managers with cutting-edge technology can outperform “the market.” These active managers strive to outperform by trading stocks or other securities in order to capture the best investment opportunities … Read more
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When I was four, my grandmother would often supervise me at mealtime. Like many grandmothers, she believed her mission was to get me to finish all the food on my plate whether I was hungry or not. First, she would … Read more
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Editor’s note: This is another response to the question posed here last week: what is the difference between investing and speculation? If you are compelled, we invite you to comment below, tweet us @cfainvestored, or reach out to us via … Read more
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Editor’s note: This is another response to the question posed here on Monday: what is the difference between investing and speculation? If you are compelled, we invite you to comment below, tweet us @cfainvestored, or reach out to us via … Read more
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