"Building and Monitoring a Watchlist of Great Stocks to Own at the Right Price"
This 42-page Deep Dive features a full analysis of Berkshire including valuation based on sum-of-the-parts, simple price-to-book, two-column method, and GAAP-adjusted financials. It also includes a history of the conglomerate as a business form and a glossary of BRK-related terms.
Hingham Institution For Savings
HIFS is a very well-managed bank whose advantages come from its relentless focus.
Management focuses on the two primary variables it can control, namely, overhead costs and loan losses, while accepting that it is largely a market-taker when it comes to yield and cost of funds.
Significant insider ownership aligns management with shareholders and serves to mitigate t
There’s probably nothing less “sexy” than trash. (Maybe an undertaker?) Trash—waste—is something many of us don’t spend too much time thinking about unless it’s a neighbor’s garbage can rolling into the street as we drive by, or perhaps a moment’s “ewe” as we try to make our contribution to an overflowing bin.
Yet from an economic standpoint taking care of the st
SAM is well-positioned to use its relative size advantage to compete with much smaller entrants while leaving itself various avenues to gain from future volume growth and efficiencies.
SAM also maintains a pristine balance sheet which mitigates the risks it takes pursuing new categories of alcoholic beverages.
SAM has been able to maintain its growth trajectory while buying back