Berkshire Hathaway Board of Directors Approves Share Repurchase Plan

I’ve made no secret of the fact I’ve been a net purchaser of Berkshire Hathaway shares for the past year.  The valuation seemed (and still seems) absurdly low relative to intrinsic value.  Apparently, the Berkshire Hathaway Board of Directors and management agrees.1  The company is now looking at itself as the best use of the firm’s [...]

from Joshua Kennon

Thanks a Lot, Greece … Bought Some More Berkshire Hathaway

As a result of the Greece debt crisis, stocks crashed today.  The accounts are down roughly 3% to 4% and it’s only noon in the Midwest. We went back for another round, purchasing more shares of Berkshire Hathaway this morning for the reserve portfolio, which comes on the heels of our acquisition last Friday.  I’m [...]

from Joshua Kennon

Some Changes in the Portfolio

Aaron and I are wrapping up all of the tax documents for fiscal 2009 before shipping them off to the accountants, listening to the new Goldfrapp album, and tweaking the investment portfolio a bit. I liquidated a respectable portion of the LEAP stock options we bought on General Electric during the crash now that it [...]

from Joshua Kennon

Our Value Investing Research Process for Stocks

A week or two ago, I wrote an article called Understanding Stock Repurchase Plans for About.com, a division of The New York Times, which discussed Sonic Restaurant and the massive stock buy back program that had taken place over the past few years. In it, I walked the readers through a lot of the math [...]

from Joshua Kennon

Eggs Benedict with Hollandaise Sauce for Breakfast

During Ashly and Ian’s visit from Ohio this weekend, and as part of our weekend of gourmet dining, they made us eggs benedict with a hollandaise sauce on Saturday morning.  The nutritional sacrifice was worth it (health food, this is most certainly not but 1,000 calories was a small price to pay). The eggs benedict [...]

from Joshua Kennon