Nick Gogerty

Imitation Can Be Very Flattering in Stock Investing

good stuff. Looking forward to more data on cloning efficacy. Comparing cloning as "fee" arbitrage could be interesting to see as well. 2 & 20% can get expensive.

10 Hedge Fund Best Ideas

nice article and I like the approach and work on this one. Well done Meb.

Hiring a New Money Manager (in Omaha)

Thanks for the tip, I will take a look.

Let Warren Buffett Handle Your Portfolio

I really appreciate the quote from Graham. Nice find. Most "value" adherents are looking for something cheap and trapped in simple mathematical analysis. Charlie Munger gives some insights into business dynamics that are far more interesting in his book. rcm.amazon.com/e/cm?t=...

Another Buffett Prediction, Japan Edition

Iscar is Israeli not Japanese.

15 Value Hedge Funds - Portfolio Update

Meb is a pretty bright guy and synthesis of other concepts can be very useful.

Video: A Conversation with Charlie Munger

great video. He is a great anthropologist.

Whither Municipal Bond Insurance?

the irony in my mind, is that the things that brought problems to MBIA etc. was a failure in correlation products such as CDOs. MBIA itself is a correlation bet that is structured to fail. The occasional muni default wouldn't pose a threat to MBIA, but defualt coverage when needed by the most people will correlate and will cause a payment failure to cover. MBIA itself is the uber structured correlation asset with most exposure in one asset class (US municipal securities). Many purchasers of insurance will likely discover they own the equivalent of the equity tranche of a structured product at a most inopportune time.

Warren Buffett Likes Germany, and So Do We

Another important point to make is that Germany is the world's largest exporter. A weaker Euro may not hurt so much depending on the firm.

www.nationmaster.com/g...

Buffett Reflects on Great Businesses: Raising Prices

Behavioral and belief based moats are nice and slow to change.