Six Things Bernanke Is Clueless About

Bernanke’s blind faith in empirical formulas over common sense is again in play with his speech today on Recent Developments in the Labor Market.

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Shiller: Housing Still not Bottomed

Robert Shiller is out with his third book. He is the man who called the stock market bubble in 2000 and housing bubble 2007. He thinks that housing is not bottomed yet. Watch the video:

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Apple’s Dividend – A Different Viewpoint

After reading endless articles about Apple’s (AAPL) plan for giving cash back to shareholders by initiating a dividend and a buyback, I’d like to point out one thing that’s left me particularly perturbed.

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What Is Berkshire Hathaway Worth?

From Geoff Gannon (Guru Focus | Original Link) In my Notes on Warren Buffett’s 2011 Letter to Shareholders, I mentioned I’d give you my thoughts on the intrinsic value of Berkshire Hathaway (BRK.A)(BRK.B). Well, here they are: For me, the three key variables in the Berkshire Hathaway intrinsic value equation are: 1. Investments per share 2. Non-insurance earnings per share 3. Expected growth This is pretty similar to what my intrinsic value formula would be for any company with two […]

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Guru Value Strategies Continue to Outperform

As the first month of 2012 just passed by, GuruFocus value strategies continue to outperform. Year to date the S&P500 has gained 5.3%, in the meantime the Buffett-Munger Top 25 Ideas portfolio gained 5.9%. The other three value strategies, Top 25 Undervalued Predictable Companies, Top 25 Historical Low P/S Ratio Companies and Top 25 Historical Low P/B Ratio Companies, have done even better. They gained 8.6%, 10.4% and 10.4%, respectively. The latter two portfolios are doubling the returns of the […]

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Guru Value Strategies Continue to Outperform

As the first month of 2012 just passed by, GuruFocus value strategies continue to outperform. Year to date the S&P500 has gained 5.3%, in the meantime the Buffett-Munger Top 25 Ideas portfolio gained 5.9%.

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Stocks Trading for Less Than the Price Prem Watsa Paid for Them

Of Prem Watsa’s 42 stocks in his current portfolio, only three trade for a lower price than when he originally bought them. He added significantly to his holdings in each of these companies in the last quarter. Watsa is a value investor who purchases stocks of companies with excellent track records with the intent to hold for the long term. Watsa, founder and CEO of Fairfax Financial Holdings, has achieved a 154.6% 10-year cumulative return, compared to 16.4% for the S&P 500.

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