I had a recent conversation with my dad on that topic. There's a Honda plant by my childhood home, and we were debating whether the "American thing" to do would be to buy a Honda Car or something like, say, Ford, where the headquarters and most of the shareholders are American.
I agree with you on Aflac. That's probably going to be my "focus stock" for the rest of the year, barring a price run up or the discovery of something better (which I don't find likely).
I enjoyed your P&G piece. It brought out some interesting characters, but I suppose that's how it usually is.
The Philip Morris story in China is really interesting. They only have 0.3% market share (or something lower than 1%), and a quarter of the country smokes. What happens when you get 2% of the Chinese smoking Marlboro?
Sorry you didn't like it, Wally. I was reading a lot of work lately claiming Buffett bought Chicago Bridge, and I thought that was almost certainly a factual error.
I only set out to mention that.
I didn't have any grand plans of analyzing Buffett or Berkshire, but I just wanted to speak narrowly about the recent purchase calls. If I did, I would have written an article titled "My Intrinsic Value Estimate For Berkshire Hathaway" instead of something narrow like "Forbes Has It Wrong on Buffett."
True. It's probably like trying to follow Buffett a generation ago and ending up with a Lou Simpson pick instead. Even though it wasn't "Buffett blessed", it still probably ended up well.
Combs and Weschler are doing well so far. If I were a Berkshire shareholder, I'd like what I'm seeing.
New Market Highs Are Easy To Handle [View article]
Overanalytical,
Here's my take in a nutshell:
(1) Chevron is fairly valued right now, and there is a high probability that you will receive total returns equal to the growth of the firm over a period of ten years or so.
(2) With that said, there is also the realistic possibility that the price could go down in the short term. Would it bother you to buy today, only to see the stock trade at $105 this time next year? Some people react to that differently than others.
New Market Highs Are Easy To Handle [View article]
Mercury,
It's crazy reviewing Aflac's current price based on historical valuations. Aflac looks so cheap right now, that I keep double checking the data, because I figure I must be missing something.
Chevron's 5-Year Dividend Potential [View article]
Your Portfolio Can Be All American [View article]
Your Portfolio Can Be All American [View article]
I had a recent conversation with my dad on that topic. There's a Honda plant by my childhood home, and we were debating whether the "American thing" to do would be to buy a Honda Car or something like, say, Ford, where the headquarters and most of the shareholders are American.
Your Portfolio Can Be All American [View article]
Your Portfolio Can Be All American [View article]
I enjoyed your P&G piece. It brought out some interesting characters, but I suppose that's how it usually is.
The Philip Morris story in China is really interesting. They only have 0.3% market share (or something lower than 1%), and a quarter of the country smokes. What happens when you get 2% of the Chinese smoking Marlboro?
Seems very lucrative.
Your Portfolio Can Be All American [View article]
I can't wait for DEO to come down in price. Business wise, it is one of the best I've seen. Ever. Maybe top 20-25 in the world.
I haven't thought about it much because of its valuation, but eventually, I'll get around to it.
Your Portfolio Can Be All American [View article]
Forbes Has It Wrong On Buffett [View article]
I only set out to mention that.
I didn't have any grand plans of analyzing Buffett or Berkshire, but I just wanted to speak narrowly about the recent purchase calls. If I did, I would have written an article titled "My Intrinsic Value Estimate For Berkshire Hathaway" instead of something narrow like "Forbes Has It Wrong on Buffett."
Forbes Has It Wrong On Buffett [View article]
Forbes Has It Wrong On Buffett [View article]
Forbes Has It Wrong On Buffett [View article]
Combs and Weschler are doing well so far. If I were a Berkshire shareholder, I'd like what I'm seeing.
Forbes Has It Wrong On Buffett [View article]
Forbes Has It Wrong On Buffett [View article]
New Market Highs Are Easy To Handle [View article]
Here's my take in a nutshell:
(1) Chevron is fairly valued right now, and there is a high probability that you will receive total returns equal to the growth of the firm over a period of ten years or so.
(2) With that said, there is also the realistic possibility that the price could go down in the short term. Would it bother you to buy today, only to see the stock trade at $105 this time next year? Some people react to that differently than others.
New Market Highs Are Easy To Handle [View article]
It's crazy reviewing Aflac's current price based on historical valuations. Aflac looks so cheap right now, that I keep double checking the data, because I figure I must be missing something.