Professor Glen Arnold

“’What should I do to become a great investor?’ asked by an earnest 17-year-old. Buffett’s emphatic answer: ‘Read everything you can’….Munger concurs calling Buffett ‘a learning machine’ that was due to the reading he did in his formative years that shaped his approach to investing and prepared the groundwork for the next 50 unprecedented successful […]

“The Berkshire Meeting is a celebration of traditional Midwestern values. At its core, it is another step in the never-ending search for wisdom.  My idea of fun is a little different from others.  I like sitting near the front of the Meeting…In 2017, this meant waiting in line at 2.15am” (Mark Hughes’ chapter) [Glen: I lost […]

A few months ago I was asked to write a chapter for a book being put together by Lawrence Cunningham and Stephanie Cuba called The Warren Buffett Shareholders.  I was too busy at the time to do the writing (pity really, because the Bookworm store at the Berkshire AGM sold a lots of them – the […]

On Friday I addressed an audience on the subject of Buffett mistakes.  There were around 200 fund managers, scions of the rich and managers of family funds.  Most of the speakers focused on describing their own funds (and each and every one had out-performed! Everyone is above average in Lake Wobegone and in Fund Management […]

Omaha is a great place to be in the first week in May.  As well as the Berkshire Hathaway annual general meeting in which 40,000 people listen intently to Warren Buffett and Charlie Munger, it is a great town to be in.  The people are very friendly.  They seem to be brought up in culture […]

On Thursday evening I attended the Value Investors Conference dinner. As I approached the building (on the University of Nebraska Omaha campus) I noticed writing in large letters.  I looked closer and saw that the words were those of Walter Scott of Omaha. I decided to be a weird-one.  While everyone else was filing into […]

When I started writing about Fishing Republic (LSE:FISH) last week, market capitalisation was 52.2 shares multiplied by 8.5p at bid or 9p at offer price, i.e. £4.44m or £4.70m.  But there has been selling since, which could be good news for deep value investors (but only if there are sound reasons to believe the underlying […]

Fishing Republic (LSE:FISH), is a tiny company (I resisted the temptation to say tiddler!), which swam along (sorry – end of puns) nicely with seven shops and a couple of websites for many years making between £200,000 and £280,000 after-tax profits annually for its owners, Steve and Zoe Gross.  Then, they came to market raising […]

Fishing Republic (LSE:FISH) is not a share I am interested in buying right now.  But, it is a useful one to put into my watch list because it is soon to announce some horrid results which might push the share so low that net current asset value becomes significantly greater than market capitalisation.  Another reason […]

The two principal executive directors of TClarke (LSE:CTO), Mark Lawrence, CEO, and Mike Crowder, MD, are very experienced in the mechanical and electrical fit-out business.  Mark has been with the company since his teenage years.  Because of his depth of dirty-hands knowledge he understands the coalface like few others – “He regularly walks project sites […]