Two recent blog posts (and a funny chart) about the subject of portfolio management and cycles make for good, quick reading and a timeless warning: emotions and portfolio management don’t mix, and that’s easier said than done.
CNBC has a very interesting series of articles and videos on what they call the CNBC Disruptor 50, a list of 50 “disruptors” in several industries, including Healthcare, Travel, Transport, Retail, IT, Financial Services and others. Any disruptors creeping up on your portfolio companies yet?
An anonymous survey of 365 U.S. sell-side analysts confirmed many insights about that industry’s practices that should trouble the long-term, value-oriented investor (at least the ones who didn’t yet already know this). That said, it is wrong to generalize and say that all sell-side research is flawed and I explain why in the post. Ultimately, any knowledge that has not been directly earned by you, no matter the source, can’t be taken at face value.
As the date of the 2013 Berkshire Hathaway annual meeting approaches, here are four news pieces and interesting generalities about Berkshire – including the purchase of the 20% of Iscar the company didn’t own, articles on Doug Bass, the bear who will get to ask tough, unscripted questions at the meeting and more.