Walt Disney Co. Buys Marvel Entertainment Inc.
By now you know that Disney (DIS) has agreed to purchase Marvel (MVL) for about $4 billion in cash and stock. Good deal for Disney no doubt. Marvel had languished for decades simply selling comic books until it started capitalizing on its characters through movies and licensing deals. I think the best years were ahead for MVL. It had, what Warren Buffett likes to call, a strong economic moat and...
Read MoreHow to Make a Fortune in the Coming Years…
Back on June 30th, I wrote about inflation, interest rates, taxes and gold in a piece titled “How to Invest During an Economic Crisis.” If you haven’t read it, go do that now. I’ll wait. Back? Okay, so it’s 2 months later and has anything changed my mind about what I said? Nope. In fact recent events have just reinforced my views. I’m even more convinced that it’s only a...
Read MoreJoel Greenblatt Launches New Money Management Investing Firm based on his Magic Formula System…
A little while ago I posted an article about some of the best books ever written on investing. One of those books was called, “The Little Book that Beats the Market” by Joel Greenblatt (he’s the Managing Partner of the Gotham Capital hedge fund, a Professor on the adjunct faculty of Columbia Business School and a member of the investment boards of the U of Pennsylvania and...
Read MoreHow to Value a Company (or What Price Should I Pay?)
Previously I went over how to determine a company’s moat strength using some readily available financial data. So assuming you’re happy with the moat, you’ve done your research, asked the right questions and like the fundamentals, what’s next? Valuation. That’s what. Just because a company is fundamentally solid, doesn’t mean you should jump in and purchase it without first asking...
Read MoreMore on the Sins of Goldman Sachs…
Back on July 15th, I posted an article by Rolling Stone’s Matt Taibbi that pulled back the curtain on what goes on at Goldman Sachs. If you haven’t read it yet, you can see it here. Dr. David Eifrig, now an M.D. but a Goldman fixed-income trader in a previous life, had this to say about Taibbi’s article… “The article claims Goldman has helped engineer most of the...
Read MoreStrong Moats Protect your Investments. That’s why Warren Buffett Likes Them…
Last week I wrote an article about the 7 most important questions to ask when investing. Question 3 was, “Does the company have a strong moat?” Now it’s all well and good to answer that question based on an opinion, but wouldn’t it be grand if we could find an answer based on hard facts and data? With that in mind, I went digging through some of my favorite books to see what I could come...
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