Archive for March 2nd, 2011

Adding Value Critical As “Cigar Butts” Turn To Ash

Adding Value Critical As “Cigar Butts” Turn To Ash
I have been reading the fascinating and informative Warren Buffett biography, “Snowball”, which does a wonderful job of profiling his career and investment approach.  The book recounts Buffett spending countless hours pouring through Standards & Poor’s  financial reports in the early 1960s trolling for ignored, undervalued companies (“unloved cigar butts”) trading at discounts to book value and, in some cases,… read more →