Superstock's blog

Investors and speculators who piled in BYD is perhaps letting hope take over cool-headed value calculations. A casually look at BYD's financial statements shows that the company is having a hard time with their earnings and cash flow.

An economics professor said he had never failed a single student before but had, once, failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said ok, we will have an experiment in this class on socialism.

Bruce Berkowitz said: "As of the last report we have over 50 percent of the portfolio in pharmaceuticals, HMOs, aerospace and defense. These are profitable, growing companies, generating lots and lots of cash in relationship to the prices we pay and in relationship to their present market caps. And Uncle Sam is by far their biggest customer, a customer that pays.

Guys, here is a great interview. Looks like Steve Forbes is jumping into the value investors interview business.

From what I read in the tea leaves, John Osterweis' approach has a few points quite similar to Zenway Value-growth Investing. Cheers!

Tom Monaghan, founder of Domino’s Pizza, used writing to exercise his mind. “I sometimes compare my brain-storming on paper to the drilling of oil wells,” Monaghan wrote. “The only way to strike oil is to drill a lot of wells.”