Value Investing Podcast

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Followed by the EP8 which covered the first 7 business principles, this episode covers the rest of 8 business principles in the owner's manual written by Warren Buffett for Berkshire Hathaway shareholders. The purpose of the manual is to explain Berkshire’s economic principles of operation and the manual is included in every annual letter for new shareholders as a reference to understand the important principles behind how Buffett and Munger run the company.

Podcast Website: http://valueinvesting.blubrry.net/

Owner's Manual: http://www.berkshirehathaway.com/ownman.pdf

Support this podcast through your donation: https://paypal.me/valueinvesting

This episode covers the first 7 business principles of the owner's manual written by Warren Buffett for Berkshire Hathaway shareholders. The purpose of the manual is to explain Berkshire’s economic principles of operation and the manual is included in every annual letter for new shareholders as a reference to understand the important principles behind how Buffett and Munger run the company. The rest of the 8 principles will be covered in the next episode.

Podcast Website: http://valueinvesting.blubrry.net/

Owner's Manual: http://www.berkshirehathaway.com/ownman.pdf

Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode, I discuss the following two topics.

1) Basics of insurance business in terms of how insurance companies make money and why Buffett likes them

2) Warren Buffett's investment on an insurance company called GEIGO

Podcast Website: http://valueinvesting.blubrry.net/ 

Two key terms for the valuation of insurance companies

“Float”, or available reserve, is policyholder money held, but not owned, by insurers, which comes about because there exist time intervals between received premiums and incurred losses to be paid out, usually more than a year.

Float = Policy holder money held (Liability side) – Policy holder money not held yet (Asset Side)

= [loss and loss adjustment reserves + unearned premium + fund held under reinsurance assumed + other policy holder liabilities] – [premium receivables + loss recoverable + deferred policy acquisition costs + deferred charges on reinsurance + prepaid taxes]

Combined ratio = (Incurred Losses + Expenses) / Earned Premium

In this episode, I discuss the following two topics.

1) Basics of insurance business in terms of how insurance companies make money and why Buffett likes them

2) Warren Buffett's investment on an insurance company called GEIGO

Two key terms for the valuation of insurance companies

“Float”, or available reserve, is policyholder money held, but not owned, by insurers, which comes about because there exist time intervals between received premiums and incurred losses to be paid out, usually more than a year.

Float = Policy holder money held (Liability side) – Policy holder money not held yet (Asset Side)

= [loss and loss adjustment reserves + unearned premium + fund held under reinsurance assumed + other policy holder liabilities] – [premium receivables + loss recoverable + deferred policy acquisition costs + deferred charges on reinsurance + prepaid taxes]

Combined ratio = (Incurred Losses + Expenses) / Earned Premium

Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode, I discuss the following two topics in Buffett's investment partnership letters.

1) 1967 letter on why Buffett thinks that his past 10-year outstanding performance would not be replicated in the future

2) 1969 letter on the decision to liquidate Buffett's investment partnership despite the incredibly successful past performance

Podcast Website: http://valueinvesting.blubrry.net/

In this episode, I discuss the following two topics in Buffett's investment partnership letters.

1) 1967 letter on why Buffett thinks that his past 10-year outstanding performance would not be replicated in the future

2) 1969 letter on the decision to liquidate Buffett's investment partnership despite the incredibly successful past performance

Podcast Website: http://valueinvesting.blubrry.net/

Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode, I discuss the following two topics in Buffett's early investment partnership letters.

1) Buffett's views on why institutional investors do not perform as well as the general market

2) Why Buffett thinks that a conventional diversification strategy does not make sense for his investment portfolio

Podcast Website: http://valueinvesting.blubrry.net/

In this episode, I discuss the following two topics in Buffett's early investment partnership letters.

1) Buffett's views on why institutional investors do not perform as well as the general market

2) Why Buffett thinks that a conventional diversification strategy does not make sense for his investment portfolio

Support this podcast through your donation: https://paypal.me/valueinvesting

In this episode, I discuss two topics regarding Buffett's investment partnership.

1) Ground Rules For The Investment Partnership

2) Merger Arbitrage Strategy By Buffett

Podcast Website: http://valueinvesting.blubrry.net/

In this episode, I discuss two topics regarding Buffett's investment partnership.

1) Ground Rules For The Investment Partnership

2) Merger Arbitrage Strategy By Buffett