I'm reading a fantastic book called The Dhandho Investor by successful value investor Mohnish Pabrai. For those of you unaware of his record, he's managed to turn in results ... Read More

Hanging on the wall near the desk in one of my offices is a beautiful limited edition work called “Embarrassment of Riches” by famed comic book artist Carl Barks. In ... Read More

It was a wild week for bank stocks. Several of my positions, including U.S. Bancorp and Wells Fargo & Company skyrocketed from around $20 per share to $30 per ... Read More

Inflation is a rise in consumer prices, increasing the cost of living. Some inflation is caused because a country has printed too much money or experienced tremendous financial disaster, causing ... Read More

One of the least understood secrets behind the success of Berkshire Hathaway and its rise from an $8 stock in the 1960’s to more than $118,000 per share today, is ... Read More

There is a new investment service called Ticker Spy that allows you to see the investment holdings of great investors that are required to disclose their holdings to the Securities ... Read More

As the credit crisis has continued, you may have heard that many companies and individuals have been deleveraging their balance sheets. You may not understand what these means. In simple ... Read More

As a value investor, you often hear me speak on the virtues of selecting great businesses at attractive prices and holding them for long periods of time. Many new investors ... Read More

For years, companies that paid workers with stock options could avoid deducting the cost of those options as an expense. The rules changed in 2005, when the accounting industry updated ... Read More

Futures are a way for individuals and organizations to protect themselves from or speculate upon future price fluctuations in the value of a commodity such as oil, corn, wheat, or ... Read More

It's a very, very sad day for every capitalist and financier in the world. Sir John Templeton, one of the world's best investors and a pioneer in the area ... Read More

Like the junk bonds of the late 1980s, collateralized debt obligations, or CDOs, have become the financial headline of their age. These investment vehicles took much of the blame for turning ... Read More

In the investment world, separately managed accounts are exactly what the name implies - they are accounts that are managed separately for each investor, as opposed to mutual funds, which ... Read More

The yield curve, one of the key statistics that economists and investors use to try to divine the future course of the economy, is simply a measure of the difference ... Read More