Great book for Costco fans and shareholders

The importance of scuttlebutt

Source: https://amzn.to/3LDayTy

I’m pretty sure you haven’t seen this.

Warren Buffett’s letter to a Barron’s editor in 1962

For some good weekend reading

Good Stocks Cheap

Prem Watsa, the Canadian Warren Buffett, on float .

Float is what makes insurance companies so attractive to investor like Warren Buffett, Tom Gayner and Prem Watsa.

Which insurance companies do you own ?

Jeff Bezos’ original sketch of the virtuous cycle that depicts Amazon’s Business Model in 2001 .

Saw a tweet on Dollar Cost Averaging into a stock

That just doesn’t make sense to me .

Let’s say you hypothetically you want to DCA into Amazon

Studies show that stock prices oscillate widely around a central price every year.

And at certain prices a good business is no longer a good investment.

So DCA will force you to buy in m, when the business is overvalued due to the natural volatility of the market .

You can’t just buy into a stock at any price and expect to outperform

Nick Sleep once used the services of an Investment Bank.

He asked them to run a screen( which I mention in my newsletter post ) and it yielded 7 companies .

To know these companies check out my newsletter.

I’ve received requests to cover Phil Carret, who Warren Buffett views as one of his Investment hero’s.

He has actually written two books. The first : The Art of Speculation is relatively popular but I’m sure you haven’t heard about the second .

Read on to know about his book

A Money Mind at Ninety