In Part 1 and Part 2, I went through Borsheims jewelry and Nebraska Furniture Mart. Both are good examples of retailers with somewhat similar consumer offerings. They both offer: Quality physical products that consumers want to see in person before buying. The largest selection of these products in town. Low prices (i.e., value positioning). And […]
In Part 1, I went through Borsheims, Buffett’s jewelry retailer in Omaha. It has historically had a very strong business model, although this may be changing. And his jewelry business has a lot of interesting parallels to his biggest retail business, Nebraska Furniture Mart. Company 2: Nebraska Furniture Mart (NFM) I was in Omaha with […]
Back in 2017 and 2018, I took a bunch of Peking University students to Omaha to have lunch with Warren Buffett. And we also did visits (arranged by Berkshire) to several of his private businesses around Omaha. And as every business he buys has a competitive advantage, it was a good chance to try and […]
I have mentioned a few times on the podcast that I use a one page sheet to do an initial estimate for valuation. I got asked about that today so I thought I would send it out. However… I am not a hedge fund or other such analyst. I do not spend my days updating […]
This week’s podcast is about Warren Buffett and combining competitive advantage with compounding. You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya. Here are some slides on compounding. Here are some slides on Buffett’s investment strategy Some fun pictures from Berkshire meeting. Plus my <3 minutes of fame being on the big screen in […]
This week’s podcast is about Warren Buffett and combining competitive advantage with compounding. You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya. Here are some slides on compounding. Here are some slides on Buffett’s investment strategy Some fun pictures from Berkshire meeting. Plus my <3 minutes of fame being on the big screen in […]
This week’s podcast is about “criticality” as a type of switching cost. And specifically about Wabco, one of Warren Buffett’s companies that has fairly powerful B2B criticality. You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya. ——– Related articles: Waze, Google Maps and How Warren Buffett Made 50% on a Map Company (Jeff’s Asia […]
This week’s podcast is about “criticality” as a type of switching cost. And specifically about Wabco, one of Warren Buffett’s companies that has fairly powerful B2B criticality. You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya. ——– Related articles: Waze, Google Maps and How Warren Buffett Made 50% on a Map Company (Jeff’s Asia […]
This week’s podcast is about my investment checklist. Which is really just 9 questions. Shown below. You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya. My competitive strength and defensibility pyramid: My handwritten checklists for various companies. Charlie Munger’s Speech on the Psychology of Human Misjudgment. Located here. […]
I’ve been teaching a private equity class at CEIBS in Shanghai for like 5 years. I call it private equity but it’s really about how to analyze companies and investments. Regardless of whether it is private or public. Whether the approach is active or passive. It’s basically my checklists, which are 9 questions. I’ve mentioned […]