September 2012

New Blood

Berkshire’s got a brand new bag.  You’ve almost never seen Warren’s company buy a stock and then blow it out a year later.  Berkshire’s corporate culture is and has always been buy and hold; Buffett tries to own things he would never want to sell. But there’s some new blood at the company.  Todd Combs…

The New Rules

Now everything is different.  At first blush, QE3 does indeed look like a game changer. This business is not about making calls and sticking with them for the sake of being able to say you were right all along, it is about processing new information that will make a difference and dropping the opinions that…