Tag Archives: Buffett

AQ Group (ISIN SE0000772956) – a 15 year “42- bagger” without a Moat ?

Would you consider to invest into a company which at every occasion states the following:

AQ possesses no amazing patents or other security, we rely on having the best crew.

For a “Buffett/Munger” style value investor, this would be tough as there is clearly no moat or anything close and according to Buffett, the business economics always win in the long run, no matter how well a company is run.

Welcome to AQ Group, a Swedish “non moat” manufacturing company

 

large

Read more

Some links

A look back how Buffett invested into special situations back in 1962

Meb Faber compares investing based on Buffett’s disclosures with the Berkshire stock

Driverless cars’ chances halted by tumbleweed (Paywall, Google for title)

Broyhill Capital likes Sea World

The short case for Union Pacific Railroad

Why a Chinese Billionaire paid for a 170 mn USD art purchase with his Amex

Interesting Michael Bloomberg interview from the Robin Hood 2015 conference:

Was wir lesen – Rückspiegel KW9

Aleph Blog on Buffett Shareholder Letter

Baupost Fund Letters 1995-2001 – Seth Klarman – ein “must read”

Seth Klarman Auszüge aus dem 2010er Letter

Buffett CNBC Transskript

Barrons Interview First Eagle Funds aus Dez 2010

Das Buch ist bestellt und wir hier vorgestellt (There’s Always Something to Do – The Peter Cundill Investment Approach)

Sehr gutes Interview mit Ray Dalio von Bridgewater:

Damodaran contra Buffet zu Black Scholes – Siehe auch den Buffett Shareholder Letter 2007.

Howard Marks (Oaktree) on Regulation