Author Topic: Buffett's Early Investments  (Read 19045 times)

matjone

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Brett

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Re: Buffett's Early Investments
« Reply #31 on: January 14, 2018, 11:40:13 AM »


Hi Folks, please help me here. I am looking at the aforementioned Buffet holdings in 1962. But the handwriting is hard to read (and I may need to get a kindle copy for better resolution), Can anyone tell me what are the following holdings?

BCP
TNP
LNC   (I doubt it is Lincoln National Corp because the price is too different)
Murray ??? There are many companies that start with Murray, but Murray what??

Thanks!
ps. these are not trivial holdings, all are more than 1% of portfolio.

What book did you get this from?

Cameron

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Re: Buffett's Early Investments
« Reply #32 on: January 14, 2018, 11:56:51 AM »


Hi Folks, please help me here. I am looking at the aforementioned Buffet holdings in 1962. But the handwriting is hard to read (and I may need to get a kindle copy for better resolution), Can anyone tell me what are the following holdings?

BCP
TNP
LNC   (I doubt it is Lincoln National Corp because the price is too different)
Murray ??? There are many companies that start with Murray, but Murray what??

Thanks!
ps. these are not trivial holdings, all are more than 1% of portfolio.

What book did you get this from?

Andy Kilpatrick - Of Permanent Value

Brett

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Re: Buffett's Early Investments
« Reply #33 on: January 14, 2018, 11:59:21 AM »


Hi Folks, please help me here. I am looking at the aforementioned Buffet holdings in 1962. But the handwriting is hard to read (and I may need to get a kindle copy for better resolution), Can anyone tell me what are the following holdings?

BCP
TNP
LNC   (I doubt it is Lincoln National Corp because the price is too different)
Murray ??? There are many companies that start with Murray, but Murray what??

Thanks!
ps. these are not trivial holdings, all are more than 1% of portfolio.

What book did you get this from?

Andy Kilpatrick - Of Permanent Value

Do you know what edition it's in? I only have older versions.

Thank you!

Cameron

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Re: Buffett's Early Investments
« Reply #34 on: January 14, 2018, 12:23:09 PM »


Hi Folks, please help me here. I am looking at the aforementioned Buffet holdings in 1962. But the handwriting is hard to read (and I may need to get a kindle copy for better resolution), Can anyone tell me what are the following holdings?

BCP
TNP
LNC   (I doubt it is Lincoln National Corp because the price is too different)
Murray ??? There are many companies that start with Murray, but Murray what??

Thanks!
ps. these are not trivial holdings, all are more than 1% of portfolio.

What book did you get this from?

Andy Kilpatrick - Of Permanent Value

Do you know what edition it's in? I only have older versions.

Thank you!

I got the 2012 edition, I think its under Kindle Unlimited on Amazon. Its in the chapter Adventure: Big Bang.

globalfinancepartners

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Re: Buffett's Early Investments
« Reply #35 on: January 14, 2018, 03:27:29 PM »
Not sure if this all got figured out already, but TNP was Texas National Petroleum.  It was a merger arbitrage I think.  See pages 93 and 94 of James Altucher's book "trade like warren buffett"

back to this train wreck of a saints game///

augustabound

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Re: Buffett's Early Investments
« Reply #36 on: January 14, 2018, 03:31:43 PM »
Not sure if this all got figured out already, but TNP was Texas National Petroleum.  It was a merger arbitrage I think.  See pages 93 and 94 of James Altucher's book "trade like warren buffett"

I found this on gurufocus. Most likely less in depth than the pages in James Altucher's book.
Quote
Buffett describes an arbitrage situation in which he invested that generated a 20%+ annualized return with little risk. When Union Oil announced it was buying Texas National Petroleum, Buffett noted that there were no anti-trust issues and the transaction was negotiated by controlling shareholders of the target. As such, he appraised the risk at virtually nil.
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LC

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Re: Buffett's Early Investments
« Reply #37 on: January 14, 2018, 05:32:54 PM »
Quote
Buffett noted that there were no anti-trust issues and the transaction was negotiated by controlling shareholders of the target. As such, he appraised the risk at virtually nil.

Interesting to note how WB assessed risk.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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DooDiligence

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Re: Buffett's Early Investments
« Reply #38 on: January 15, 2018, 07:13:49 AM »
Not sure if this all got figured out already, but TNP was Texas National Petroleum.  It was a merger arbitrage I think.  See pages 93 and 94 of James Altucher's book "trade like warren buffett"

back to this train wreck of a saints game///

Did that suck or what?

I'm not a huge football fan but remember my Dad taking me & my Sis to a Harlem Globetrotters game where they played Archie Manning's Saints & from then on I was a fan of the Saints.

Years later I had a side biz producing 18K fleur de lis for a number of jewelers around the state & was looking forward to a resurgence in biz to maybe move some old inventory & put an end to that chapter.

Did biz with L. Berg a few times but he proved difficult to work with & I liked my regulars much better anyway (lower turnover but better margins & nicer people.)

Tried to do biz with Borsheim's & Helzberg when I was repping a line of engagement rings but the owner just wanted to place ads in trade pubs & couldn't understand how a national consumer ad campaign would drive customers into stores for our designs  :-\ )

Anyways, black & geauld baby!
(next year...)
abc 2.6 | abev 2.4 | aapl 0.9 | bbh 3.3 | brk.b 11.6 | chtr 4.2 | cvs 5.7 | dva 5.6 | dis 4.1 | ew 2.1 | gpc 2.8 | mo 6.2 | nvo 5.1 | sftby 2.3 | vde 4.2

(%'s held @ cost, PV allos are slightly 2 significantly higher. includes a slowly dwindling cash pile.)

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Brett

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Re: Buffett's Early Investments
« Reply #39 on: January 15, 2018, 12:37:03 PM »


Hi Folks, please help me here. I am looking at the aforementioned Buffet holdings in 1962. But the handwriting is hard to read (and I may need to get a kindle copy for better resolution), Can anyone tell me what are the following holdings?

BCP
TNP
LNC   (I doubt it is Lincoln National Corp because the price is too different)
Murray ??? There are many companies that start with Murray, but Murray what??

Thanks!
ps. these are not trivial holdings, all are more than 1% of portfolio.

What book did you get this from?

Andy Kilpatrick - Of Permanent Value

Do you know what edition it's in? I only have older versions.

Thank you!

I got the 2012 edition, I think its under Kindle Unlimited on Amazon. Its in the chapter Adventure: Big Bang.

Thanks! You're the best. Fortunately, that's the edition I have.