Buffett Gets a Bullseye

I have written about the benefits of boring businesses in previous posts. I thought Buffett summarized some of the arguments quite well in his latest letter to shareholders:

“Charlie and I avoid businesses whose futures we can’t evaluate, no matter how exciting their products may be. In the past, it required no brilliance for people to foresee the fabulous growth that awaited such industries as autos (in 1910), aircraft (in 1930) and television sets (in 1950). But the future then also included competitive dynamics that would decimate almost all of the companies entering those industries.Even the survivors tended to come away bleeding.
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Weekend Reading Links

For your weekend reading pleasure a few interesting articles from around the globe about dividends, stocks, the market and other just plain interesting finance or economic oriented articles.

• GlobalEconomicAnalysis: Short Canada
• Gothamist: Stock for Steak
• Barelkarsan: Figure Out who is with you
• The DividendGuyBlog: Dividend Stocks Have Their Limitations
• DailyFinance: Berkshire Joins the S&P 500
• TheBigMoney: The Secrets of the Mexican Wave

A Star on the Hollywood Walk of Fame For Buffett

Don’t get me wrong I am a huge fan of Warren Buffett and both his personal and Berkshire Hathaway investing track records speak for themselves as one of the most solid and consistent in recent investing history.  I can’t help but wonder though if Buffett’s rising celebrity status doesn’t have a negative effect for true long term Berkshire Hathaway investors.  Hardly a day goes by without some sighting, comment, or mention of Buffett in the news.  Over the past year I have seen:
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Buffett and Understandable Businesses

In a previous post we discussed the Four filters of Invention of Warren Buffet and Charlie Munger by Bud Labitan. I felt that some of the material needed a more thorough description than I could provide in my overview so I would like to look exclusively at the first of the four filters, namely finding understandable companies and contribute some of my own thoughts.
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