Why Called The Valuer ?

I love investment and sharing then learning. One simple principle I follow "Pay 50 cents for a Dollar". The key is defining the 'dollar'. One need to be able calculate this 'dollar' with high probability (no need high accuracy) in order to success in investment. Someone who can estimate the future value of an asset with high probability of getting it right - THE VALUER. I am a Warren Buffett follower. And I think he is a great valuer, therefore a great investor. I don't think he can value 99% of the asset in this world. But he is very clear about...

Read More

Learning from Annual Report 2011 Warren Buffett

"Vic Mancinelli again set a record at CTB, our agricultural equipment operation. We purchased CTB in 2002 for $139 million. It has subsequently distributed $180 million to Berkshire, last year earned $124 million pre-tax and has $109 million in cash. Vic has made a number of bolt-on acquisitions over the years, including a meaningful one he signed up after yearend." - Annual Report 2011 Berkshire Hathaway This is one way I like to use for valuing a business. Warren Buffett bought Vic Mancinelli in 2002 for 139m. From 2002 to 2011, the business...

Read More