Berkshire Hathaway’s (BRK-B) shareholder letter, authored by Warren Buffett will be available today at Berkshire’s website for your perusal. Buffett’s letters are a famous source of investment guidance, managerial wisdom and folksy humor. He’ll reportedly discuss some of the company’s derivative investments. Buffett had previously referred to derivatives as “financial weapons of mass destruction” and has caught some criticism for having a sizable investment in them. The letters are always a great read. I’ll probably discuss the letter in Monday’s post after I have a chance to read and think about it. Anyway, read it if you get a chance. You can access all of his letters here, or you can get them pre-compiled in book form here. Without further ado, here are some of the articles that caught my eye over the past week.
Warren Buffett vs. Modern Portfolio Theory @ Moolanomy – Speaking of Buffett, check out this article about the merits of modern portfolio theory. Personally, I think both stock picking and index funds have a place in the world. Swedroe theorizes that Buffett the manager deserves part of the credit for Buffett’s success, as he buys such large shares of the companies that he can sit on the boards. While this likely would change the way you invest, what Buffett is actually doing on that board is representing not only his interests, but the interests of the common shareholder. You won’t find a board that Buffett’s on following anti-shareholder policies. He brings an investor slant to a group of managers.
Should I pay off my mortgage? @ Frugal Dad – Frugal Dad addresses an age old question. If you have excess cash, should you pay down your mortgage or go for the higher returns? Check it out.
Is Solar Power Right for You @ Mother Earth News – I made my way to this site after reading this article earlier this week. There’s a lot of great content here. It’s a magazine website, but check out all the cool stuff. If you like stuff like this, the Get Rich Slowly article is a great resource for things like it.
Diamonds becoming a girl’s best friend @ Weakonomics – This article discusses the intrinsic value of diamonds. I did a somewhat similar post on gold awhile back. This is a pretty well documented almost monopoly that really controls the supply side of diamonds in the market place. Pretty interesting.
Cheap Meals and Easy Dinner Ideas @ The Digerati Life – The title is self-explanatory, but as times get tough, it’ll be worth more and more to be able to eat healthy on the cheap. Check out this post.
Hopefully you find something that interests you in those links. Unless the plans somehow fall through I’m going rock climbing tomorrow. Enjoy the rest of your weekend. Thanks for reading.
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Thanks for the shoutout! I have one on gold going up next week myself!
Some good points about paying off a mortgage. For those who don’t have that option, using a 15 year fixed loan can set a timeline to eventually become mortgage free, while saving thousands on interest payments, instead of a 30 year term.
Nice discussion on stock picking vs modern portfolio theory. I do 95% of one and 5% of the other.