Report archive

24 Feb 2014 In an exclusive excerpt from his upcoming shareholder letter, Warren Buffett looks back at a pair of real estate purchases and the lessons they offer for equity investors ( Portfolio )

Dataroma's opinion:
"My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund."

It's interesting that Buffett picks the S&P 500 for his wife's trust fund over Berkshire.
19 Feb 2014 Greenlight RE 2013 Conference Call ( Portfolio )

(David EInhorn's commentary starts at 5 min 40 sec into the call)
12 Feb 2014 Welcoming Charlie Munger as a new SuperInvestor! ( Portfolio )

The great Charlie Munger serves as chairman of the board of Daily Journal Corp., a small newspaper and website publishing company covering California and Arizona.

Munger, who manages the investment portfolio of Daily Journal, is reported to have used the market crash of 08/09 to invest the then cash holdings of the firm in several equities very likely at fire-sale prices. Until recently, the details of the holdings were not disclosed. However, the very first 13F filing was made for the 4th quarter of 2013 on February 10th.

So we will now be tracking this portfolio even though we wouldn't expect it to change materially from quarter to quarter, or even from year to year.

The recommendation to track this portfolio is credited toThe Rational Walk and the excellent article: "Daily Journalís Portfolio Holdings Revealed".