Buffett and Munger do discounted cash flow (owner earnings) calculations in their head - never on paper or computer

©
18 Sep 2020 @ 12:21

When asked at the Annual Meeting in May 1996 for detail on his discounting method, for example, how many future years does he extend the calculation to, Buffett explained that, yes, the discounted owner earnings is the framework at the heart of investing or buying businesses, but, no, there are no written down calculations at […]

 

ADVFN Morning London Market Report: Friday 18 September 2020

18 Sep 2020 @ 09:36
London open: Stocks fall on Covid worries; retail sales grow again London stocks fell in early trade on Friday amid concerns about rising coronavirus cases and the impact of further restrictions, as investors digested the latest UK retail sales data. At 0840 BST, the FTSE 100 was down 0.3% at 6,030.48. CMC Markets analyst Michael Hewson […]
 

Guardian Stockbrokers Key Economic News Friday 18 September 2020

18 Sep 2020 @ 08:11
The key points from today’s economic news, brought to you by Guardian Stockbrokers. BoE keeps interest rate decision and bond buying programme steady The BoE, in its latest monetary policy decision, kept its benchmark interest rate unchanged at 0.10% and maintained its bond buying programme at £745 billion, as widely expected. However, the policymakers indicated […]
 

Warren Buffett's approach to making a deal to buy a company: the Helzberg Diamond case

17 Sep 2020 @ 13:00
Warren Buffett does things completely differently to most people engaged in M&A.  The Helzberg Diamonds purchase illustrates this well. After the owner of Helzberg Diamonds sent Warren Buffett the financial statements in Spring 1994 a few things struck him.  First, sales had grown from $10m in 1974 to $53m in 1984 to $282m in 1994.  […]
 

Forex Leverage 101: Everything You Need To Know

17 Sep 2020 @ 10:33
Leverage in foreign exchange trading can be either a curse or a blessing in disguise. Simply put, leverage refers to capital provided by a broker to a trader to use at an interest-free rate or for a very small fee. Leverage in trading is often calculated as a multiple on a trader’s deposit in their […]
 

ADVFN Morning London Market Report: Thursday 17 September 2020

17 Sep 2020 @ 10:11
London open: Stocks fall as investors eye BoE announcement London stocks fell in early trade on Thursday as investors digested the latest rate decision from the US Federal Reserve and looked ahead to a policy announcement from the Bank of England. At 0825 BST, the FTSE 100 was down 1.2% at 6,005.76. Matthew Luzzetti, senior […]
 

How can you become rich?

17 Sep 2020 @ 09:09
The Italians say that ” to make money you have to inherit, marry, or steal it.” However, this is an opinion that most people share, but there are ways to get rich without just being lucky. The road to wealth, as you already know, is not paved with rose petals and the steps you have […]
 

"How and where to invest?" - Beginner's Guide

17 Sep 2020 @ 09:09
This question has been asked very often in recent months. More and more people are thinking of investing their money in stocks and now in cryptocurrencies. Since the markets collapsed in March, because of the Covid-19, many people have been looking for how and where to invest. In every crash, there are opportunities, and the shares of big […]
 

BitCoin - a beginner's guide

17 Sep 2020 @ 09:08
What is bitcoin? Bitcoin is the first decentralized cryptocurrency (or digital currency), which allows us to trade directly without the need to use the traditional banking system. It is a series of registrations (additions and subtractions of transactions) stored in an extensive database in a very secure way so that no one can falsify the […]
 

In which countries can you get richer faster?

17 Sep 2020 @ 09:08
Let’s assume that you are determined to do whatever it takes, within the legal framework, of course, to become really rich. What would be the ideal country for you? The unique features that favor the daring and why the Nordic countries appear in the top positions despite the high taxes. The most recent data showing […]
 

MINING, OIL AND GAS

Gold Price Analysis — September 2

03 Sep 2020 @ 00:46
Gold (XAU/USD) traded through yesterday’s North American session with a mild negative bias and was last spotted trading around the $1970 level. The mild negative bias from yesterday continued into the European session on Wednesday after extending its overnight correction slide from its two-week highs. The bearishness was induced by a combination of factors. A […]
 

XAGUSD Bulls Re-Attempts Resistance at $28.15 Level

03 Sep 2020 @ 00:35
XAGUSD Price Analysis – September 2 Silver price increases past the $28.15 hurdle, up 0.45 percent on a day, during Wednesday’s session. The white metal leaps forward to the sixth month of gains also since it swung off in April. While the recent weakening risk-tone bias might contest the initial trajectories of the bullion, wide […]
 

How do I control my trading risk?

13 Aug 2020 @ 07:21
RISK CONTROL TECHNIQUES IN TRADING Risk is ever present in trading, just as it is in other areas of life. The good news is that the risk inherent in trading can be controlled effectively, thus enabling you to be permanently triumphant. No-one on earth can trade repeatedly without any loss, no matter the trading strategy adopted. […]
 

Anglo Asian Mining Plc price: AAZ generates a bearish signal

12 Aug 2020 @ 10:58
Anglo Asian Mining shares (LSE:AAZ) have already generated a bearish signal and things are expected to fall further from now going forwards. Price dipped from the beginning of this year till March 2020, and then it went upwards again, going northwards till August, when it reached the overbought area and began to fall. While the […]
 

GLOBAL NEWS

Is there anything good about loss?

20 Sep 2020 @ 09:48

We trade to make profits, and therefore we hate losses and like profits. However, when we put losses in proper perspective, we would see it as occasional blessings in disguise. Losses can be a good thing if they make you evolve into a better and more effective trader. You will then be able to trade […]

 

Chainlink (LINK) Price Analysis: LINK Continues Its Bearish Pattern, May Drop to $4 Low

20 Sep 2020 @ 09:42
Key Highlights LINK price making a series of lower highs and lower lows The market may fall to $4 low if the support at $9.50 is breached Chainlink (LINK) Current Statistics The current price: $11.01 Market Capitalization: $3,853,295,393 Trading Volume: $1,244,310,906 Major supply zones: $18.00, $20.00,$22.00 Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price […]
 

Synairgen Plc price: SNG to generate a “sell” signal soon

14 Sep 2020 @ 17:53
Synairgen Plc shares (LSE:SNG) are expected to generate a bearish signal as a result of the current price action, which favors bears. The market largely trended sideways from April to July 2020, when it rose steeply to test the distribution territory at 250.00. After that, price met a stiff resistance around the distribution territory and […]
 

USDCHF Sustains Selling Bias Towards Sub 0.9100 Level As the US Dollar Stays Under Pressure

11 Sep 2020 @ 12:10
USDCHF Price Analysis – September 11 USDCHF drops beneath 0.9100 level, down 0.25% on a day, during the European session on Friday. The USDCHF pair sustains selling bias falling sharply for the third day in a row. The Swiss franc holds onto recent strength after the ECB meeting as the US dollar stays under pressure. […]
 
 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200920 11:02:16