In the past, railroad company shares were considered cyclical, almost boring stocks when compared with growth stocks. About 8 years ago, oil prices climbed significantly, pushing transportation costs to an all-time high. As a result, the price of transporting goods and people also peaked. “In a world of high oil prices and potentially scarce energy… Continue Reading
Warren Buffett, arguably the most famous “value investor”, recently discussed high quality stocks. In a letter to shareholders, he explained how Charlie Munger taught him the true meaning of value: “More than 50 years ago, Charlie told me that it was far better to buy a wonderful business at a fair price than to buy… Continue Reading
The Yucaipa Companies, LLC was founded in 1986 by Ronald Burkle, a self-made billionaire who started his career as a bag boy at a local grocery store. Based in Los Angeles, the holding company focuses primarily on private equity investments. Yucaipa first turned over Jurgensen’s Markets in 1986, and has since established a record of… Continue Reading
Warren Buffet, founder of Berkshire Hathaway, is one of the most successful investors today. His experience and wisdom are both something to emulate, and many of his quotes have inspired businesses and individuals in the past. “When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever” And: “Rule No.… Continue Reading
Investor concern regarding the ongoing debt crisis and slow economic growth is likely to increase now that oil prices have reached $103 per barrel in Asia. June delivery’s benchmark oil had fallen 13 cents to $102.98 a barrel on the New York Mercantile Exchange, and the contract later fell 77 cents to $103.11. Meanwhile, Brent… Continue Reading
American Tower Corporation (AMT) stock has been rising for the last three years. Three years ago it was $20.92 and today it is $58 .15. There have been a few ups and downs along the way but relative to market volatility, nothing drastic. In fact, the stock essentially continued to rise even though the market… Continue Reading
In theory, diversification means one decides to keep a portfolio as a part of their risk-reducing strategy and investment process. In practice what happens is, is that one distributes their finances among various assets that would significantly decrease investment risks. Therefore, to turn portfolios into the best they can be, the direction needs to be… Continue Reading