Published: April 23, 2015
Please join us in Omaha following next week's 50th Berkshire Hathaway annual meeting where we will be co-hosting the <strong>Omaha Quick Draw</strong> event with <em>Upgrade Capital</em> and <em>Pinebase</em>. Once all the official and unofficial Berkshire events begin to wind down on Saturday ni...
Published: April 22, 2015
We are pleased to announce the Winners and Runners-Up for SumZero's 1st <strong>What Will Warren Buffett Buy Next Challenge</strong>. We sincerely thank everyone who participated in this year's inaugural event, including our esteemed Judges Panel, as well as our various partners for their support...
Published: August 15, 2014
We are frequently asked when we anticipate growing our research team; the implication being that the size of our team is a disadvantage and that adding people would improve investment results. Our general attitude towards hiring a full-time analyst can best be described as extreme reluctance base...
Published: August 01, 2014
Following a string of global catastrophes in 2011, many insurance executives predicted a looming hard market. At the time I was an individual investor that tracked dozens of insurance companies. I crunched the numbers, called my contacts, and came to the conclusion that purchasing reinsurers at l...
Published: November 01, 2013
The odds of a double digit return for Markel over the next decade is very high. Assuming a terminal P/BV ratio of 1.75 and growth in book value per share of 10 percent per year, the total return for Markel would be 14.7 percent per year. A terminal price/book value ratio in 10 years of 1.5 implie...
Published: September 05, 2012
There will be no highflying heroics in my idea. Just standing under the bucket consistently and reliably hitting three point layups. Yes, three point layups. Buying a great company at a fair price that will grow over time is a two point layup and a reliable and consistent path to investment succe...
Published: June 27, 2012
The story here is that Hanesbrands will be able to delever the balance sheet using the strong free cash flow it will generate over the next two years as cheaper cotton prices run through its cost structure and the Company realizes benefits from decreased inventory levels.