Professor Glen Arnold

At the 2018 Berkshire Hathaway Meeting a shareholder asked about the advantages the company has when it comes to attracting more business owners to sell to the Group. He suggested the trust in Berkshire and the prestige of doing a deal with Buffett and Munger might allow them to gain a “hometown discount” when buying. […]

At the Berkshire Hathaway meeting a couple of weeks ago Warren Buffett and Charlie Munger were asked if there was a win-win for China and the USA on trade. The perspective offered by this 87-year-old and this 94-year-old was quite reassuring – after all, these guys have seen many wars come and go, hot ones, cold […]

Warren Buffett set aside 15 minutes at the beginning of the Berkshire Hathaway meeting to convey the important difference between productive and non-productive assets. He started by going back to when he was an 11-year-old boy. He opened up the edition of the New York Times for March 10th 1942 (he says he’s a little behind on […]

There is much to learn from going to Omaha and listening to the two greatest value investors, Warren Buffett and Charlie Munger.  In the hour before the six hour question and answer session with this 76 and 94 year-old, while the 40,000 are assembling, we are treated to a series of videos.  I’ll pick out […]

Yesterday I made it out of Leicestershire and ventured into the City for TClarke’s (LSE:CTO) annual meeting.  It was well worth it.  We shareholders had plenty of opportunity to ask questions at both the formal meeting and at the after-meeting refreshments. A reminder of some key statistics for the company (more detail in previous Newsletters: […]

I’ve been asked the following about Connect (LSE:CNCT): “Are you overlooking the debt? The debt of 256 million means the NTAV is minus 94 million. Be good to get your thoughts here…Surely the argument to pay down debt is better than paying such a high dividend. Imagine if the business was transformed into a low […]

I bought BHP shares in the depths of the commodity cycle depression in 2015 at £10.43.  Then they fell to around £6.08.  Not believing in stop-losses, but rather focused on the fundamentals of the business I did not sell. However, I have sold now at £16.90. After including the dividends of 127p over the period, […]

“The best leaders exemplify the behaviour they expect from others. Buffett and Munger send an important message by admitting mistakes publicly and answering questions about them at the Annual Meeting. Let’s share our mistakes so we can all learn about and avoid repeating them.” (Raymond Buck Hartzell’s chapter)                   […]

The new book,  edited by Lawrence Cunningham and Stephanie Cuba, The Warren Buffett Shareholder,  that I read on my way to Omaha a few days ago, has yet more insight on Buffett, Munger, the Berkshire Hathaway way and value investing.                                 […]

Here are some people thoughts, expressed in a new book, on why they like to be in the Buffett and Munger school of investing and therefore visit Omaha for the Berkshire AGM. “There were investors who regularly beat the S&P 500 holding quite different portfolios.  Indeed the only common factor seemed to be that Professor […]