Leonard
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Business Lessons from Mark Leonard

Leonard is an investor who uses “value as an analytical style” to buy businesses that sell software to vertical markets.- Mark Leonard Like Buffett, Leonard think about moats, uses return on invested capital as a touchstone, prefers concentrated investments to diversification and likes it when assets he wants to own for a long time “go on […]

value creation.
Thoughts

Warren Buffett

Company’s moat Warren Buffett consistently emphasizes that he wants to buy businesses with prospects for sustainable value creation. He suggests that buying a business is like buying a castle surrounded by a moat and that he wants the moat to be deep and wide to fend off all competition. Economic moats are almost never stable. […]

Warren Buffett
Thoughts

Warren Buffett

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.-Warren Buffett Please follow and like us:0

Warren Buffett
warren buffett

Warren Buffett

Warren buffett points out the absurdity of beta by observing that “a stock that has dropped very sharply compared to the market … becomes ‘riskier’ at the lower price than it was at the higher price”-that is how beta measures risk. ordinary investors can make those distinctions by thinking about consumer behavior and the way […]

On the fine line between investment and speculation:
warren buffett

Warren Buffett ( On the fine line between investment and speculation)

On the fine line between investment and speculation: “The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. On the fine line between investment and speculation Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, […]

valueandprices
warren buffett

Acceptable Use of Adjusted Financial Metrics by (Warren Buffett)

When companies report earnings, they have the option to report ‘adjusted earnings-per-share’, which generally backs out one-time expenses such as: Restructuring charges Severance packages One-time tax liabilities And other metrics that are perceived to impede comparability to previous fiscal years. Including adjusted earnings in shareholder reports is completely optional.  However, the proportion of companies who […]