(TRH, BRK.A, CLNO, TEX) PennyToBuck.com Stock Market Updates
Whether it’s soaring or slumping — and it often does both during the course of a week — the financial sector never falls far from investors’ radar.
That’s not news, of course. But what you might not know is that there are many ways to trade this sector, none of which involves buying or selling a single stock but, rather, making a single play on the industry as a whole.
Warren Buffett says second stimulus might be needed
Todd Sullivan of Value Plays believe that Berkshire Hathaway is "fairly valued" at todays market price. The last time, Todd feels, that Berkshire represented "value" was exactly 8 years ago in March 2000 at the height of the dot.com bubble. Since then its share price has risen 256% even after the current drop.
According to Buffett
The Oracle has Spoken, Part 2, and Berkshire's Intrinsic Value
Below is the first part of Todd Kenyon's notes on Warren Buffett's annual shareholder letter that was released last night.
"As always, Buffett reinforced many of his main tenants: good businesses have sustainable competitive advantages, generate attractive returns on capital, and are run by extraordinary managers, even if they don't have to be: