This is a quick reminder that we have a meeting coming up next Saturday at 10:30 AM. I hope everybody is enjoying Big Data. Way back when we read the Edelman book, we were warned that the battle on personal privacy had been lost. The founders of bitcoin felt that personal privacy was the cornerstone of a healthy democracy. Maybe the answer is somewhere in between.
When we last met we talked about researching companies according to the criterion set by Warren Buffett and Charlie Munger: 1. Are you capable of understanding the business? 2. Does it have a durable competitive advantage? (solid brand recognition, government endorsed monopoly, etc.) What makes it strong? 3. Is it managed by talented people with integrity? 4. Can it be bought for a price that makes sense? (Is it undervalued? If so, why? What makes it a good buy?)
So, if you are attending, how about we each pick a company. See if that company has a mission statement. Do you agree with the mission? Why or why not? Look over the last annual report. What are they doing to prepare for the future? Do you agree with their predictions and efforts? Find out who the CEO is and see what you can find out about them, their performance, and their business practices. Do they have any black marks or skeletons? That ought to be more than enough to start with. We can move onto the math next month.
Hope everybody’s doing well and that we get a chance to see you Saturday!
This is a quick reminder that we have a meeting coming up next Saturday at 10:30 AM. I hope everybody is enjoying Big Data. Way back when we read the Edelman book, we were warned that the battle on personal privacy had been lost. The founders of bitcoin felt that personal privacy was the cornerstone of a healthy democracy. Maybe the answer is somewhere in between.
When we last met we talked about researching companies according to the criterion set by Warren Buffett and Charlie Munger:
1. Are you capable of understanding the business?
2. Does it have a durable competitive advantage? (solid brand recognition, government endorsed monopoly, etc.) What makes it strong?
3. Is it managed by talented people with integrity?
4. Can it be bought for a price that makes sense? (Is it undervalued? If so, why? What makes it a good buy?)
So, if you are attending, how about we each pick a company. See if that company has a mission statement. Do you agree with the mission? Why or why not? Look over the last annual report. What are they doing to prepare for the future? Do you agree with their predictions and efforts? Find out who the CEO is and see what you can find out about them, their performance, and their business practices. Do they have any black marks or skeletons? That ought to be more than enough to start with. We can move onto the math next month.
Hope everybody’s doing well and that we get a chance to see you Saturday!