Warren Buffett

Wally Weitz on the Failure of Imagination

Wally Weitz is a hugely successful and yet relatively low profile money manager. His performance over a very long period of time credibly places him among the world’s top performing investors. Like his Omaha neighbor Warren Buffett, Weitz is a deep value investor. His fundamental investing criteria is the price of a security relative to its intrinsic value—the lower the price the better. In the video below, Weitz speaks to Bloomberg about his biggest investment mistake. In a...

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Warren Buffett

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Warren Buffett

Does Buy and Hold Now Require a Floor?

The Wall Street Journal recently published an interview (see the video below) with entrepreneur and Dallas Mavericks owner Mark Cuban.

The interview is interesting for a number of reasons. Cuban talks about investing his own money and he offers some suggestions for regular, non high net worth investors.

In a nutshell, Cuban strongly believes that the “buy and hold” approach to investing is a worthless strategy.

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Wealth Preservation through Annuities, or Why Mike Tyson Should Have Purchased an Annuity

According to a 2009 article in Sports Illustrated, 78 percent of former NFL players have gone bankrupt or are under financial stress within two years of their retirement, and 60 percent of former NBA players are broke within five years of their retirement.

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Buffett's Investment in Goldman Sachs

It's been a year since the market bottomed and the financial crisis presumably peaked.

There has been enough time for noted financial journalists such as Roger Lowenstein and Michael Lewis to write soon to be released books on the crisis.

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Remember Warren Buffett's First Rule of Investing When Planning for Retirement

Warren Buffett's first rule of investing is "don't lose money." His second rule is "don't forget rule number one." In a rather odd whitepaper on retirement planning titled "Risk: How Much is Enough," the financial services firm UBS lays-out a road map of sorts for "moving forward" with retirement planning "in a changed world." What seems clear is that the primary catalyst for the whitepaper is the fact that many financial advisors ignore or forget Buffett's first rule of investing when it comes...

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Sequence of Returns Risk

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