Warren Buffett

The Inner vs. Outer Scorecard

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February 21, 2013

We all have egos in the psychological sense – defined as “a person’s sense of self-esteem or self-importance.” It’s the degree that denotes the positive or negative association that’s often attached to the term “ego.” There are two passages below, one from Howard Marks and the other from Warren Buffett, that share a common denominator: […]

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A Little Bit of History Repeating

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February 2, 2013

In 1977, Warren Buffett wrote an article for Fortune Magazine titled “How Inflation Swindles the Equity Investor.” In the article, Buffett outlines the parallels between equities and bonds, and the impact of interest rates & inflation movements on both asset classes. Given the interest rate and inflation debate raging today, I thought it worthwhile to […]

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Superinvestors of Graham-and-Doddsville

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September 30, 2012

The following portfolio management related excerpts are extracted from Superinvestors of Graham-and-Doddsville, an article based on a speech Warren Buffett gave at Columbia Business School on May 17, 1984   Risk, Expected Return. Volatility “Sometimes risk and reward are correlated in a positive fashion. If someone were to say to me, ‘I have here a […]

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Lessons from Buffett’s Tax Return

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March 9, 2012

The investment management industry has a nasty habit of ignoring the effect of taxes upon returns – mainly because the biggest and most important clients don’t care about pre- vs. after-tax returns (pensions, endowments, foundations, etc.) PM Jar does not agree with this common practice. As a result, our Readers will continue to find posts […]

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