Palm Beach Daily

The Great Oil Price War has begun

“I don’t know how practical it is to try to kick shale out of the market…” So confides an anonymous oil minister from OPEC (the Organization of Petroleum Exporting Countries). Reuters reports the global oil cartel voted against cutting oil production worldwide on Friday. The group extended its current ceiling of 30 million barrels of […]

To become a great investor, you must first become a “problem-stalker”

  To become a great investor, you must first become a “problem-stalker” Regular Daily readers know we find incredible value in Buffett’s letters to Berkshire Hathaway’s shareholders. If you’re ever thinking about getting an MBA degree… save yourself $100,000 and read these instead. Here’s another brilliant morsel from the 1989 letter: “A great investment opportunity occurs […]

This is why Buffett’s buying batteries over “cigar butts”

“We want Berkshire to be an ever-growing collection of good businesses that we can hold forever.” That’s what master investor Warren Buffett said about his recent acquisition of battery-maker Duracell. The Wall Street Journal reports Buffett’s holding company, Berkshire Hathaway, acquired Duracell from Procter and Gamble Co. (P&G) in an unusual way. Berkshire already owned […]