In the 1990's the free cash flow thing got legs and then some. Multiple books were written about it while Coke stock went through the roof. Of course most of this was the common investor thinking he'd discovered how to be Munger or Buffett. Of course the understanding was lacking and the idea was taken too far.Little did they know that almost exactly at this same time Buffett and Munger began what was going to be years of buying massive amounts of capital intensive businesses. So much so that even the overweight professor, more than ten years later, STILL didn't get it and was lured into unloading criticism on the CEO of Berkshire about some railroad deal.So the writers today are still attempt to decipher these guys and they still do an awful job of it. The understanding of Buffett and Munger is still lacking. Alice probably has the best understanding but apparently got her feelings hurt.In the meantime on the TMF Berkshire site it sure would be nice if some thoughtful investment thoughts got published. Hopefully by those with something to offer about some investment will eventually show up.I'm intrigued by the DVT investment particularly this local advertising potential via satellite.Not at all interested in a 25 year old telling me that Munger has an exit plan and we should too.
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