tag:blogger.com,1999:blog-61437481789585680802012-02-11T06:42:53.401-08:00A place where i pour out my financial thoughts and philosophies. I'll blog in my spare time (for the moment), on the topic that i like to talk about.Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.comBlogger541100tag:blogger.com,1999:blog-6143748178958568080.post-15673451910671601482011-12-23T08:37:00.000-08:002012-02-10T23:06:55.626-08:00

After digging about Avenue Hotel Property Scheme, i thought it might be a good thing to share here.Info about Avenue Hotel Property Scheme (PDF).Company's website: Avenue Properties Bhd.My research:1) From the prospectus (http://avenuepropertiesberhad.com/pdf/avenueproperties_prospectus.pdf), look at page 40. The company’s RM 5 Million paid up capital is NOT funded by cash, but by Director’s

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com10tag:blogger.com,1999:blog-6143748178958568080.post-56858684532608272952011-09-25T07:07:00.000-07:002011-09-25T07:11:39.645-07:00

This article was extracted from Warren Buffett's letters to Berkshire Hathaway's shareholders in 1994. It's available at : http://www.berkshirehathaway.com/letters/1994.html____________________________________________________________________We try to price, rather than time, purchases. In our view, it is folly to forego buying shares in an outstanding business whose long-term future is

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-51028703003848400272011-08-10T09:09:00.000-07:002011-08-10T09:17:04.006-07:00

Take a look at what Warren Buffett wrote to his investors at July 12, 1966 after Dow Decline by more than 10% since it's peak to May that year. Sounds familiar to what we're facing currently? "I resurrect this "market-guessing" section only because after the Dow declined from 995 at the peak in February to about 865 in May, I received a few calls from partners suggesting that they thought stocks

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-80898825303556684202010-11-12T23:32:00.001-08:002010-11-13T02:01:07.520-08:00

1. Is it possible to be millionaires from employment? 2. How about getting paid in millions a year from employment? 3. How about getting paid in millions a year before 40 years old and worth at least 100 millions in Net Worth purely from employment, and that company doesn't belong to your parents (or relatives) ?Take a look at Value Partners Group. In the year 2007, the executive directors of the

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-78279532673333291042010-10-21T06:22:00.000-07:002010-10-21T07:14:00.831-07:00

Is Gold a good investment?It depends what's your definition of "good". When compared to cash, i think Gold is a better choice, since government have the legal license to keep printing money and thus diluting our cash while we're not compensated enough from interest earned from our cash. That is assuming you're not buying Gold at an overvalued price. But i don't keep my surplus in "cash". I don't

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-73096230276564834062010-09-18T00:55:00.001-07:002010-09-18T19:53:04.951-07:00

Here's a letter i wrote to a fund manager (investment-linked) of a local insurance company. Until today, there's no reply from them.In the year ending Nov 30th, 2007, A** Equity Fund had 92.6% in Equities. That time, the index was 1,396.98. 1 year later, when KLCI is at 866.14, A**'s Equity Fund's equity exposure drop to 42.5% ! Isn't that "buy high, sell low"?Put it another way, the summary is

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com6tag:blogger.com,1999:blog-6143748178958568080.post-46291216912505857642010-08-16T08:46:00.000-07:002010-08-16T09:19:35.505-07:00

This article was extracted from Warren Buffett's letters to Berkshire Hathaway's shareholders in 2006. It's available at : http://www.berkshirehathaway.com/letters/2006ltr.pdf____________________________________________________________________Let me end this section by telling you about one of the good guys of Wall Street, my long-timefriend Walter Schloss, who last year turned 90. From 1956 to

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-23507226443365441942010-05-31T16:27:00.000-07:002010-06-08T03:33:48.876-07:00

Do you need life insurance? If yes, how much life insurance do you need? Why would a person wants to buy something that they won't be benefiting from it when they're alive?The truth is, you don't need life insurance. However, your dependence might need it! So, purchasing life insurance (especially when it's bought for the right reason) for your dependence, be it your parents, spouse or children(s

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com10tag:blogger.com,1999:blog-6143748178958568080.post-90886744193880559512010-05-05T03:34:00.001-07:002010-05-06T17:12:28.837-07:00

Before i tell you the TRUTH behind those "The Truth about Mortgage Reduction", i would like to share with you a story:'Once upon a time, a Young Engineer with an income of $3,000 per month noticed he had extra time (after work). Thus, he decided to use the extra time to work in Mcdonalds as a cashier, earning RM 5.00 per hour. In a month, his part-time salary was around RM 500, since he worked 4

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com7tag:blogger.com,1999:blog-6143748178958568080.post-40098384771414501022010-05-04T22:11:00.000-07:002010-05-04T22:23:20.412-07:00

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-31734523667019681152010-04-11T09:03:00.000-07:002010-05-05T06:45:07.562-07:00

How to Become WealthyNine Truths That Can Set You on the Path to Financial Freedom#1: Change the Way You Think About MoneyThe general population has a love / hate relationship with wealth. They resent those who have it, but spend their entire lives attempting to get it for themselves. The reason a vast majority of people never accumulate a substantial nest egg is because they don't understand the

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-20274326220823425932010-04-03T03:34:00.000-07:002010-04-03T05:02:56.936-07:00

Gordon Gekkon on the movie "Wall Street (1987)" says, "I don't throw darts at a board. I bet on sure things"Sun Tzu says, "Every battle is won before it's ever fought.”"You make money when you buy, NOT when you sell."Think about it!.

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-37007356638382759472010-04-01T06:47:00.000-07:002010-04-01T07:34:10.341-07:00

Confucious says, "A man should practice what he preaches, but a man should also preach what he practices.". After reading this, i believe i should preach more what i practices for the society to see things the way i see it (and condemn on my mistakes too!).He also says, "If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-29112374425614628482010-03-06T05:32:00.000-08:002010-03-06T05:37:01.178-08:00

Q: Calculation of Intrinsic value depends on how accurate is business evaluation on projected income growthA: I don't use that, because i don't forecast/ project. I don't see any difference in forecast vs speculate, which to me, both are gambling. Ask any person who does business/ in the sales line, and ask them to project their income growth "accurately" (some so-called analyst even project to 2

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-7109843326247936392010-01-27T19:26:00.000-08:002010-01-27T19:33:22.293-08:00

“Index funds are imperfect, but they provide the best outcome for most know-nothings, in order to avoid being misled by fools and liars.”Quote by Charlie MungerFrom the article of Stableboy Selections, i borrow his definition of Investing. "Investing is the process of putting money away now to be sure of getting more money back in the future."If you agree with this definition, then you'll realize

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-77920764093923230512010-01-26T16:08:00.001-08:002010-01-26T16:10:14.561-08:00

I came across a very interesting article about Warren Buffett's method of investing, and thought of sharing the link here:http://www.tomspencer.com.au/2008/04/06/warren-buffett-on-long-term-value-investing/A must read for Buffett wannabe!

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com2tag:blogger.com,1999:blog-6143748178958568080.post-5458011479737719522009-10-15T17:35:00.000-07:002009-10-15T22:20:45.619-07:00

To answer this question, we need to understand how a unit trust fund’s price is derived daily. For example, why a particular fund’s unit price is is RM 0.2858 in a particular day, and not RM 0.2832 or even RM 0.2953. Who determines this price, and how is this price derived?A fund’s price is determined by the underlying asset’s closing market price divide by total number of units of that fund on

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com2tag:blogger.com,1999:blog-6143748178958568080.post-66727236188367885872009-07-20T09:32:00.000-07:002009-07-20T20:07:02.610-07:00

Imagine a supermarket selling 2 packages below:Package 2 has all the same item as Package 1 (more in size, and also more items), but selling at an even lower price! Isn’t this insane? Given the 2 package below, you might wonder why there is anyone wants to buy Package 1. Any rational buyer would not pay that price for Package 1 when they can buy Package 2 at a lower price and owns more size of

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com6tag:blogger.com,1999:blog-6143748178958568080.post-54400086151876159372009-06-21T07:55:00.000-07:002009-06-21T08:06:40.732-07:00

I came across this article about Buffett in CNN, written by Jason Zweig. Here's some extracts of the article:____________________________________________________________________In response to a question from Barbara Kiviat of Time on how he and Munger control their emotions, Buffett replied: "[It] comes about from having an investment philosophy grounded in the idea that a stock is a piece of a

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-42883556032830110052009-04-13T08:00:00.000-07:002009-04-13T23:07:09.480-07:00

Referring to the newspaper article by TheStar on RM5bil National Savings Bond on sale from April 14 , i was asked whether this investment is good or not, and whether should they invest in it.The main features of the National Savings Bond is as below:Investment amount - ranges from RM 1,000 to maximum of RM 50,000, and in multiples of RM 100.Tenure - 3 yearsFrequency of interest payment -

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com4tag:blogger.com,1999:blog-6143748178958568080.post-63836941398611334812009-04-01T09:19:00.000-07:002009-04-01T20:46:08.527-07:00

Yes, my father-in-law and my wife were in the front cover of Personal Money magazine. That time, she was my girl friend, and her father, well.... let's just say that I used to live in their house most of the time.Isn't she pretty? She's getting prettier day by day. Take a look at her blog here.Why are they in the front cover of Personal Money magazine holding money?. Well, they joined the

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-45743637973117443882009-03-31T01:30:00.000-07:002009-03-31T02:10:35.238-07:00

Today, i noticed a discrepancy in prices between those 2 shares. Since i can't take advantage of it, might as well i share it here in the hope that you'll learn a lesson or two, and take advantage of it, if the condition fits you.Let me share some background info:1. On 4th February 2009, IOI Corp issues a Voluntary Take-Over Offer to take over IOI Properties at:0.6 shares of IOI Corp , and RM

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com2tag:blogger.com,1999:blog-6143748178958568080.post-86160256141187787812009-02-27T23:27:00.000-08:002009-03-02T00:41:19.565-08:00

The best, simplest explaination of current Financial Crisis. Must Watch !The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-89482311455638956222009-02-14T07:25:00.000-08:002009-02-14T08:28:51.381-08:00

Seeing The Star newspaper today, i couldn't help but to blog on the "Your Opinions" column by one of the reader through sms. His title is "Have a heart". Below is his sms:BANKS should not lower FD interest from 3% to 2.5%!. How do you expect retirees to survive? Heave a heart! BNM, please look into the matter. [adjusted for short form]I do have a few comments regarding his comment:1. Who "forced"

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-50202692332283219562009-01-24T03:04:00.000-08:002009-01-24T22:32:29.894-08:00

This article was extracted from Warren Buffett's letters to Berkshire Hathaway's shareholders in 1997. It's available at : http://www.berkshirehathaway.com/letters/1997.html____________________________________________________________________A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise,

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-15945512208911048722009-01-23T20:35:00.000-08:002009-01-23T22:49:52.530-08:00

Warren Buffett sat down recently for a taped interview with Susie Gharib of Nightly Business Report to mark the PBS program's 30th anniverary on 22nd January 2009.Video of the complete 24-minute conversation has been posted on the program's website.Transcript of that entire interview available as a PDF download.Some of the excerpts of the interview:Buffett: We’ve spent a lot of money. We’ve got

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-63260596154996503852009-01-22T03:18:00.000-08:002009-01-24T03:03:58.788-08:00

I was watching this movie, The Best Bet in Astro Wah Lai Toi channel the other day, and the villagers are betting whether the main actor, Hor Yi ( played by Michael Tse Tin Wah) would stop gambling or not (since his whole life he have been gambling). The odds are as below:A) If Hor Yi continues to gamble : Bet 1, Win 1B) If Hor Yi stops gambling : Bet 1, Win 10A Gambler might choose either one to

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-83547985948731167032009-01-17T08:02:00.000-08:002009-01-17T08:14:56.640-08:00

I was wondering, why do we compare grades/ points/ position when we're in school, but not our Financial Statements when we're adults?Imagine going through our school days without knowing how we stand against everyone. I believe it'll greatly reduce our chance to get good grades/ to get scholarship or get to University.If that is so, then shouldn't comparing Financial statements be encouraged so

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com2tag:blogger.com,1999:blog-6143748178958568080.post-89523823395368484062009-01-05T23:42:00.000-08:002009-01-14T20:25:02.382-08:00

In January 2008’s issue of Personal Money, I was asked about my investing sentiment for 2008, and my answers below might be of interest for review for the entire year of 2008.Question 1: What is your investing sentiment for 2008. Are you optimism or more guarded? What are the main reasons for your sentiment?My Answer : Frankly speaking, i don't have any investing sentiment for 2008. I make no

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-2868468896302867982008-12-29T18:08:00.000-08:002008-12-29T19:15:46.178-08:00

Whitney Tilson gave a good speech about Value Investing in 2008's Value Investing Conference. Although most of his ideas came from Warren Buffett, nevertheless, it's a good introduction to those who reads little of Warren Buffett's article.His slides can be downloaded here:IntroductionMental MistakesSlides for Wednesday's WorkshopT2 Partners PresentationValuing CompaniesThe entire Video

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-6718462036857048572008-12-26T06:17:00.000-08:002008-12-27T02:47:14.463-08:00

This comic describes how Warren Buffett feels when he first read the book "The Intelligent Investor" back then when he was 19 years old. This is his various quotes about the book.“I went the whole gamut. I collected charts and I read all the technical stuff. I listened to tips. And then I picked up Graham’s The Intelligent Investor . That was like seeing the light .”(Adam Smith, Supermoney (New

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com5tag:blogger.com,1999:blog-6143748178958568080.post-31471351798606499172008-12-21T17:23:00.000-08:002008-12-26T22:30:58.750-08:00

I've watched this movie yesterday morning after reading they synopsis. I got hooked to the synopsis that i can't wait to watch it with my wife. I had to drag her out from the bedroom because she enjoys sleeping in the morning, while i enjoy taking afternoon nap. :-)The true story of the very brightest young minds in the country - and how they took Vegas for millions. Ben Campbell is a shy,

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com5tag:blogger.com,1999:blog-6143748178958568080.post-3385017928296014322008-12-20T20:07:00.000-08:002008-12-23T20:09:19.120-08:00

Benjamin Graham, a famous investor in his own right and also notable because he is the man that taught Warren Buffett to invest, defined the difference between speculation and investment in this famous passage from his book The Intelligent Investor.“An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-54591512937435100212008-12-19T07:58:00.000-08:002008-12-20T19:05:08.872-08:00

This is one of the question asked by one of the student about Diversification to Warren Buffett. The entire video is available here : http://video.google.com/videoplay?docid=-6231308980849895261 . I strongly recommended to see the video!. Says Buffett, "If you are not a professional investor, if your goal is not to manage money in such a way that you get a significantly better return than world,

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-72379539346574124142008-12-11T18:31:00.000-08:002009-01-24T06:42:31.648-08:00

This article was extracted from Berkshire Hathaway's Owner's Manual written by Warren Buffett. It's available at : http://www.berkshirehathaway.com/ownman.pdf____________________________________________________________________Intrinsic value is an all-important concept that offers the only logical approach to evaluating the relative attractiveness of investments and businesses. Intrinsic value

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-28955836340367325552008-11-26T20:57:00.000-08:002008-12-20T19:27:04.748-08:00

On 12 Feb 2008, Walter J Schloss gave a video conference on investing. The video conference is part of series of high profile Canadian and US value investor speeches organized by Dr. George Athanassakos, the holder of the Ben Graham Chair in Value Investing and the Director of the Ben Graham Centre of Value Investing, for the benefit of his students in his Value Investing courses at the Richard

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-91160051582691667872008-11-11T06:58:00.000-08:002008-11-26T22:01:51.947-08:00

Recently, i came across many of my clients asking me this question. So, instead of explaining one by one, i've decided to write this entry.Look at what Suze Orman have to say in the video below. (Learn more about Suze Orman at: http://www.suzeorman.com/ )Also, look at what Dave Ramsey have to say in his website here: http://www.daveramsey.com/the_truth_about/life_insurance_3481.html.cfm(Learn

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-14922789348013190992008-11-09T21:16:00.000-08:002008-11-09T21:37:04.299-08:00

Buy American. I Am.By WARREN E. BUFFETTOmahaTHE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.So ... I’ve been buying American stocks. This is my personal

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-63013304232022994112008-11-08T08:10:00.000-08:002009-01-24T03:10:28.970-08:00

This article was extracted from Warren Buffett's letters to Berkshire Hathaway's shareholders in 2005. It's available at : http://www.berkshirehathaway.com/letters/2005ltr.pdf.____________________________________________________________________How to Minimize Investment ReturnsIt’s been an easy matter for Berkshire and other owners of American equities to prosper over the years. Between December

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-20582216503849367702008-11-05T09:40:00.000-08:002009-06-21T06:43:22.811-07:00

In his European tour in May 2008, Warren Buffett was asked to name the most important lesson he learned from his mentor, Benjamin Graham.Instead he listed three, using just 85 seconds to deftly describe the trio of "bedrock" ideas that have helped make him the world's richest man.It all comes from this .... Warren Buffett: The three most important lessons I learned were all from the same book

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-30863426498967834242008-11-03T18:23:00.000-08:002011-08-10T09:20:56.060-07:00

This article was extracted from Warren Buffett's letters to Berkshire Hathaway's shareholders in 1987. It's available at : http://www.berkshirehathaway.com/letters/1987.html To me, reading all his annual letters to to Berkshire Shareholders is better than reading the textbooks of CFA. Download the article in here: http://www.scribd.com/doc/7855212/Marketable-Securities _________________________

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-74324829394592185872008-10-30T05:59:00.000-07:002008-10-30T06:31:19.028-07:00

The article is based on a speech that Warren Buffett gave at Columbia Business School on May 17, 1984 at a seminar marking the 50th anniversary of the publication of Benjamin Graham and David Dodd's Security Analysis.Reprinted [1.624 kB PDF-File] from Hermes, the Columbia Business School Magazine. by Warren E. BuffettPart 1: Walter J. SchlossPart 2: Tom Knapp & Ed AndersonPart 3

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-73359380695919941882008-10-28T04:02:00.000-07:002009-05-08T18:21:40.814-07:00

Continued from Part 8:So these are nine records of "coin-flippers" from Graham-and-Doddsville. I haven't selected them with hindsight from among thousands. It's not like I am reciting to you the names of a bunch of lottery winners -- people I had never heard of before they won the lottery. I selected these men years ago based upon their framework for investment decision-making. I knew what they

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-68201970384134121732008-10-28T03:25:00.000-07:002008-10-29T00:19:48.530-07:00

Continued from Part 7:Table 8 and Table 9 are the records of two pension funds I've been involved in. They are not selected from dozens of pension funds with which I have had involvement; they are the only two I have influenced. In both cases I have steered them toward value-oriented managers. Very, very few pension funds are managed from a value standpoint. Table 8 is the Washington Post

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-83057570079688237192008-10-28T03:20:00.000-07:002008-10-29T00:20:36.034-07:00

Continued from Part 6:Table 7 is the record of Stan Perlmeter. Stan was a liberal arts major at the University of Michigan who was a partner in the advertising agency of Bozell & Jacobs. We happened to be in the same building in Omaha. In 1965 he figured out I had a better business than he did, so he left advertising. Again, it took five minutes for Stan to embrace the value approach.Perlmeter

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-17657841754123479622008-10-28T01:21:00.000-07:002008-10-29T00:21:08.096-07:00

Continued from Part 5:Table 6 is the record of a fellow who was a pal of Charlie Munger's -- another non-business school type -- who was a math major at USC. He went to work for IBM after graduation and was an IBM salesman for a while. After I got to Charlie, Charlie got to him. This happens to be the record of Rick Guerin. Rick, from 1965 to 1983, against a compounded gain of 316 percent for the

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-44834271389612764552008-10-27T21:48:00.000-07:002008-10-29T18:42:12.897-07:00

Continued from Part 4:Table 5 is the record of a friend of mine who is a Harvard Law graduate, who set up a major law firm. I ran into him in about 1960 and told him that law was fine as a hobby but he could do better. He set up a partnership quite the opposite of Walter's. His portfolio was concentrated in very few securities and therefore his record was much more volatile but it was based on

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-36480145633576710582008-10-27T21:33:00.000-07:002008-10-29T01:52:17.754-07:00

Continued from Part 3:Table 4 shows the record of the Sequoia Fund, which is managed by a man whom I met in 1951 in Ben Graham's class, Bill Ruane. After getting out of Harvard Business School, he went to Wall Street. Then he realized that he needed to get a real business education so he came up to take Ben's course at Columbia, where we met in early 1951. Bill's record from 1951 to 1970, working

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-43857137307671147322008-10-27T21:16:00.000-07:002008-10-29T01:09:55.921-07:00

Continued from Part 2:Table 3 describes the third member of the group who formed Buffett Partnership in 1957. The best thing he did was to quit in 1969. Since then, in a sense, Berkshire Hathaway has been a continuation of the partnership in some respects. There is no single index I can give you that I would feel would be a fair test of investment management at Berkshire. But I think that any way

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-16058508689328255342008-10-22T01:56:00.000-07:002008-10-29T01:02:14.810-07:00

Continued from Part 1:The second case is Tom Knapp, who also worked at Graham-Newman with me. Tom was a chemistry major at Princeton before the war; when he came back from the war, he was a beach bum. And then one day he read that Dave Dodd was giving a night course in investments at Columbia. Tom took it on a noncredit basis, and he got so interested in the subject from taking that course that

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-33489123509985745102008-10-21T19:26:00.000-07:002008-10-30T07:11:10.028-07:00

Is the Graham and Dodd "look for values with a significant margin of safety relative to prices" approach to security analysis out of date? Many of the professors who write textbooks today say yes. They argue that the stock market is efficient; that is, that stock prices reflect everything that is known about a company's prospects and about the state of the economy. There

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-72676348840738166732008-10-13T08:23:00.000-07:002008-12-26T21:57:44.729-08:00

From The Edge's 2007 Shareholder Value Creation Award pullout, there is a page which found useful. It's the page where it shows companies that are consistently appearing every year in the KPMG Shareholder Value Creation award since the past 6 years. Here's the page:Below is the companies in alphabetical order:I believe these companies are classified as "Good Companies". However, are they also a

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com3tag:blogger.com,1999:blog-6143748178958568080.post-20520108166631132292008-09-29T07:23:00.000-07:002008-12-26T23:01:34.987-08:00

On 18th August 2008, The Edge published special report of the top 100 listed companies in terms of shareholder value creation / awards (I'll use SVA as short form).That's the first time and the reason that i bought The Edge, after thinking about it for quite some time to decide to purchase that magazine (which cost RM 4.90). Talking about being careful with my money!.Anyway, I've found a list of

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-57393226766633635322008-09-28T09:24:00.001-07:002008-09-28T09:24:46.103-07:00

Testing 1 Million, 2 Million, 3 Million ...

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