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Paramount studios announced today that they’ve severed ties with Tom Cruise after a 13 year relationship due to his “unacceptable” behavior. Strangely, Cruise’s agents claim that they terminated negotiations with Paramount after turning to a pair of hedge funds to finance Cruise’s future projects. Clearly, there’s more to this story: as my […]
Interested in learning more about Warren Buffett or Charlie Munger? A kind reader (who wishes to remain anonymous) sent in a batch of pre-1977 annual reports for Berkshire Hathaway and Blue Chip Stamps (Berkshire owns ~80% of Blue Chip; Blue Chip owns a variety of companies, including See’s Candy and Wesco Financial). […]
I’m a bit of a Warren Buffett freak. His performance statistics require no commentary: had you invested $1,000 in Berkshire Hathaway when Buffet took control in 1965, you’d have more than $5 million today (had you instead purchased an S&P 500 index fund, you’d have about $500,000–still not that shabby).
Buffet’s mentor […]
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