October 30, 2007 by Joe Ponzio

Shortly after posting the biggest quarterly loss in the company’s history, Merrill Lynch fired CEO Stan O’Neal. On the news, shares of Merrill Lynch (MER) dropped 2.1% before today’s opening bell – immediately wiping out $1.2 billion of market cap. Come on – did Merrill’s business really take a $1.2…

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October 29, 2007 by Joe Ponzio

We all know that the markets are driven by fear and greed. We know that, on a daily basis, we are bombarded with information and news about stocks and the markets. As investors and casual internet surfers, we are flooded with information and advertisements about “The Ten Best Stocks For…

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October 25, 2007 by Joe Ponzio

In the earlier years of his investing career, Buffett is said to have had more ideas than cash-a situation that has reversed itself as Berkshire’s asset base has swelled. In 1999, Buffett reportedly claimed he could earn 50% a year in the stock market if he had just $1,000,000 to…

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October 23, 2007 by Joe Ponzio

It is no secret that Buffett tends to shy away from technology companies. One one side, people say he simply doesn’t understand them and can’t predict the future with any degree of certainty or comfort; on the other side of the fence, people say the industry changes too fast and…

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October 22, 2007 by Joe Ponzio

Thanks all for the well wishes. Everyone is doing great! Now, back to business as usual (with a hint of less sleep). In 1939, Sir John Templeton borrowed money to buy stock in 104 companies selling under $1, 34 of which were in bankruptcy. In time, four of those stocks…

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October 19, 2007 by Joe Ponzio

Thanks all for your kind words and e-mails. On October 17, 2007, Paul Ponzio was born. He’s doing great. Mom’s doing great. His sister’s diong great. Me-I’m great. Just wanted to drop you all a line that everything went swimmingly and that I’ll be back on Monday. By the way-check…

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October 16, 2007 by Joe Ponzio

The value of a company lies entirely in the future, and it is our job to predict that future with a degree of accuracy and confidence. To choose a growth rate, we must delve into the inner workings of a company and see how quickly it will grow internally. Enter…

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October 15, 2007 by Joe Ponzio

Is the Nutrisystem drop old news? In the stock market, you’d have to say yes because things happen so quickly. Still, we can learn lessons from virtually every event in the market. Once we get through the noise and look at the business, things begin to make a lot of…

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October 12, 2007 by Joe Ponzio

One of Mohnish Pabrai’s favorite quotes goes something like this: Heads I win; tails, I break even or don’t lose much. When it comes to investing in the stock market, that seems like an ideal to strive for. Let’s examine some worst case scenarios in owning pieces of businesses.

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October 11, 2007 by Joe Ponzio

By now we’ve all (should have) been to the Berkshire Hathaway site to read the various annual reports and letters to shareholders, and we all (should) have the Owner’s Manual memorized. When Warren Buffett writes something, we should listen. After all, the tone of his writings have gone from serious…

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