value and opportunity

Must Read: Warren Buffet’s annual letter to Berkshire shareholders 2012

Must Read (2): Charlie Munger transcript from the Daily Journal annual meeting

Turning around retailers is really hard: The Periodic Capitalist on JC Penney

Retailer turn around (2): Eddie Lampert’s annual letter to Sear’s shareholders

One of the best investment blog out there, Aleph Blog got six years old. Congratulations. If you don’t follow this blog, it’s your own fault.