Warren Buffett

633 days ago

Warren Buffett warns on CEOs who are economic illiterates or silver-tongued demagogues

The latest report from Berkshire Hathaway is out and, after a good 2022, Warren Buffett does not hold back. Enjoy.

---

637 days ago

Tom Winnifrith Bearcast: I agree with Warren Buffett not Malcolm Stacey

Having wrongly called the stockmarket as a bear, Malcolm is again an uber bull as the Footsie hits record highs, today telling us that Warren Buffett has got it all wrong. Malcolm seems to be driven by FOMO and I explain all sorts of reasons why you might not want to bet the ranch on his call.

---

798 days ago

Tom Winnifrith Bearcast: Why contemporary art is really not a better investment than what Warren Buffett buys

It is my ninth wedding anniversary today and I am a lucky fellow indeed. Tonight a romantic meal at the local boozer with the Mrs. Having discussed this and answering my own quiz question I move onto contemporary art where i am glad to be getting out as claims of hs historic performance offer no guide to the future. Then I look at Revolution Beauty (REVB), Boohoo.com (BOO), Tomco (TOM), Cake Box (CBOX), Made.com (MADE), Asilimar (ASLR), Dev Clever (DEV) and Audioboom (BOOM).

---

1150 days ago

SHOCKING ANALYSIS: Tiger Royalties another Colin Bird related party nest of snakes reports interims & a dire update - crisis looming by April

Running an investment company should cost peanuts, especially when its portfolio is tiny. Yet with a portfolio now worth just over£1 million, the Colin Bird run Tiger Royalties has just ‘fessed that in the first half of 2021 its running costs were £148,204.  If you are spunking £300,000 a year running a portfolio of c£1 million then even Warren Buffett (23% a year) would eventually go bust. And Colin Bird is no Warren Buffett.

---

1191 days ago

Spiv Trevor Brown takes the piss at Braveheart, does discounted placing AFTER £4m of share dumps

This will come as a bit of a shock to France’s Warren Buffett – Braveheart Investment Group (BRH) run by spiv pump and dumper Trevor Brown has raised £2.5 million via Peterhouse at just 18p. Wowzer. This stinks to high heaven. Shame on all concerned and here is why.

---

1348 days ago

Is Warren Buffett really being generous or is this a new variant on the Nigerian General email fraud? An offer for Supply@ME owning morons...

I think I know the answer and so do you but maybe shareholders in Supply@ME Capital (SYME) might be tempted by this offer which a reader has received in his email box. It reads:

---

1356 days ago

Warren Buffett publishes his annual letter

As ever there will be folks writing off 90 year old Warren and his 97 year old business partner Charlie Munger. Berkshire Hathaway underperformed the S&P in 2020 as it did in 2019. But since 1965 it has delivered an annual return of just over 20%, the S&P just over 10%. The man is a genius and does not hold back. His top quote this year is:

---

1543 days ago

Warren Buffett: An appreciation

This piece comes from management consultants McKinsey. Thanks to comrade Jim Mellon for sending it over. It serves as a simple reminder of keys to successful investment. The section on bad management is something many AIM gamblers might wish to ponder.

---

1555 days ago

Tom Winnifrith Bearcast: At last Warren Buffett has listened to Chris Bailey, Nigel Somerville & myself

I start with a few thoughts on the possibility that Greece might be added to the UK’s Covid red list – feck you Boris you utter clown and here’s why. Then I see that old Warren Buffett has finally seen the light on gold and I have a few thoughts on that. Then a bullcast on why Jubilee Metals (JLP) has crossed in inflexion point and is now such a perfect investment.

---

1569 days ago

See you in Court Bitchez! My message to Warren Buffett (not!) and the boss of Fraud Supply@ME Capital

Earlier, I flagged up howone twitter moron, AIM Investor, blamed me for losing so much money on shares in the fraud Supply@ME Capital (SYME).  Oh dear, it seems as if he has reacted badly, changing his name to Warren Buffett and saying, as you can see below, he will pass my musings onto the boss of Supply@ME for him to assess. Go on fellows, please try to use lawyers to threaten the Sheriff of AIM as it always ends so well for CEOs who go down that path. Sell y’all in Court bitchez! 

---

1618 days ago

Tom Winnifrith Bearcast: Eric Platt a snotgobbler in short trousers from the FT vs Warren Buffett

I start with a few words on the hard working, courageous and heroic teachers. Then it is Barry the Tit from Turner Pope who cannot read and insults the professionalism of Gary Newman but raises a wider point about how AIM and brokerages operate. Barry is a tit but I regard his employer as Best of Breed although if I had my way the breed would not exist if the Casino was run according to new rules I suggest. Finally a look at the idea from Eric “snotgobbler” Platt of the Financial Times that the greatest living investor, Mr Warren Buffett, might be past his sell by date.  Hat tip on the last point to Jim Mellon.

---

1658 days ago

Tom Winnifrith Bearcast: What I think Warren Buffett really said and meant this weekend

I start with the 2 big takeaways I have had so far from recording videos for the Shareprophets Shares show on Saturday 9th May. Modestly I tell you that the content is brilliant so book your ticket now HERE. Then I look at the weekend pronouncements of Warren Buffett and say what I think he really means.

---

1733 days ago

Warren Buffett's annual letter to shareholders: inappropriate directors & boardroom greed attacked

In his annual letter to shareholders in Berkshire Hathaway, Warren Buffett takes a side swipe at investors who ignore value and just hope for an earnings beat and has a read dig at the boardroom greed of NEDs which he argues comprimises independence. Then, as he notes the clamour for more female directors he suggests that what matters is having folks who understand business and are capable. Enjoy. 

---

2557 days ago

Chris Oil is back - surely another sign of a market top

The only suprise is that the market abuser Chris Oil has not rebranded as Chris BlockChain. But after an absence of well over a year from the public arena, the man who, modestly, compared himself to Warren Buffett is back! Hooray, his investment advice has always been a golden (counter) indicator.

---

2599 days ago

Tom Winnifrith Bearcast - what is the difference between Warren Buffett and Neil "nomates" Woodford?

Answers on a postcard. But for starters, one Hathaway, One had a way but lost it. I start with a detailed look at the Woodford Patient Capital Trust (WPCT) then run some numbers by you on LPE's and Purplebricks (PURP). I mention UK Oil & Gas (UKOG) en passant, Jersey Oil & Gas (JOG), Columbus Energy (CERP), Mirada (MIRA) and finally Conroy Gold & Natural Resources (CGNR)

---

2625 days ago

SHOCKER: Corporate Failures and Censures - the red flags at Purplebricks you ignore at your peril

Neil Woodford, Paul Scott and the man who compares himself to Warren Buffett, Roger Lawson, have no doubt done full due diligence on the manangement at Purplebricks (PURP), notably its founders, the Bruce brothers. Or maybe not...

---

2697 days ago

TrakM8– still burning cash & still promising jam tomorrow, this is just a bad business

My contention, questioned by certain other well known share bloggers, is that TrakM8 (TRAK) is what Warren Buffett would define as a "bad company." That is not saying that it is a fraud. It is not, although it has told untruth's in RNS's and raised cash to buy some strange old businesses. It is bad becuase it just does not generate free cashflow. Paul Scott, PR crony capitalist Reg Hoare or the paid corporate shrills can bang on abourt earnings per share till the cows come home but earnings are a matter of opinion, cash is a matter of fact. Trakm8 yesterday published its, piss poor, results for the year ended 31 March 2017.

---

2800 days ago

Bulletin Board Moron of Week & Year is Long & Strong the fraud Cloudtag

Poster wiids on the LSE Asylum should not be confused with our own in-house loon Wildes. Frankly Wiids makes our in house pet loon look like Warren Buffett. The LSE Loon is a strong contender for BB Moron of the Year with this classic from last week but it is a bit like Ed Sheeran and the top 10 (heck kids I know what is hip & trending!), Wiids is dominating the Bulletin Board Morons chart. You can see a number of postings by this loon in last week's contest but the winner, nominated by a number of you, is:

---

2997 days ago

Tom Winnifrith Bearcast: Buffett themes on bad companies, CMC, TrakM8 and the stinker that is Starcom

In this podcast I refer to an article I penned today on the greedy bastards that are the junior doctors HERE. My central theme is various ways that Warren Buffett would define companies as "bad" and in that vein I look at CMC Markets (CMC), TrakM8 (TRAK) and in some detail the uber ramped dog with fleas that is Starcom (STAR) which I covered a month ago -gosh my analysis is good (as you can see here).

---

3016 days ago

Guardian Idiot of the Day: Martin Kettle thinks the state can "pick" industrial winners like Olympic winners

Britain has splashed out £350 million and won a stack of medals at the Olympics. naturally the Guardian's lesson from this is that we should spunk billions picking industrial winners and we will all be rich. Gold medals for all. Jeepers do folks like Martin Kettle never read history books?

---

3161 days ago

Governments just don't pick winners - companies that boast of grant wins are an auto sell

Call this one of the unwritten Tom Winnifrith golden rules but a company that boasts of grant wins from the State is in general a sell. This may be a tad unfair but the fact is that Government's are invariably the worst investors - they make your average Bulletin Board Moron look like Warren Buffett when it comes to spunking cash on losers.

---

3378 days ago

Saturday Caption Contest - Stockmarket crash edition, sponsored by Malcolm Stacey

Most folks will not enjoy reviewing their portfolios this morning after last week's stockmarket meltdown. Even the man who says that he is better at stock picking than Warren Buffett, Mr Chris Oil, is having a bad time. To lighten the mood we ask you for captions for any of the pictures below - the deadline for entries is midnight Sunday. Come on Malcolm, give us your bullish take on these reminders that nothing changes....

---

3380 days ago

Has Britain’s Better than Buffett, Chris Oil lost £0.5 million since July 13?

Market abuser Chris Oil modestly claimed that he was better than Warren Buffett when it came to stock selection. But it seems that the Sage of B&B had a rather bad month or two. In fact his losses on just three stocks since early July appear to be almost £0.5 million. Given that Oil reckons that his family discovered the North Sea, this may well be small change to the Sage of Fantasy, but we suspect however that it is not.

The main disaster is

---

3397 days ago

The Chris Oil portfolio is tanking: what has happened to Britain’s Buffett?

You will remember that the market abuser Chris Oil claims to have a better investment record than Warren Buffett (HERE) and that he targets a gain of 100% every time he trades (see the video here), so what on earth is happening to his big positions. It seems as if Britain’s Buffett is having a bad couple of weeks at the office.

Just the other day Oil invested

---

3418 days ago

Iofina issues another mealy mouth profits warning – when will this slow-mo train wreck end?

Warren Buffett says that anyone who uses EBITDA is either trying to fool you or to fool themselves and that brings us to a comedy profits warning from POS AIM casino dog Iofina (IOF) issued first thing today. What clowns.

---

3419 days ago

Slater & Gordon – update as hopefully warning was heeded - it is going to get worse

First the polite Steve Moore, the rather more brutal TW to follow. SM: Towards the end of last month I noted that as Quindell plc (QPP) had been in the news, the acquirer of its Professional Services Division, Slater & Gordon, had been in the spotlight in Australia – S&G eventually admitting that the Australian Securities & Investment Commission had been in contact with its auditor, though that “we remain very confident in the robustness of our accounting practices”. Hmmm…

I concluded (see HERE) with some general words of investment wisdom from Warren Buffett 

---

3911 days ago

Verdes Management and the Method in the Madness of the £750,000 investment – a chat with David Newton

Two day ago my colleague Ben Turney rightly pointed out that whoever invested £750,000 in perennial dog Verdes (VMP) at 0.75p (giving it a £7 million valuation when the only asset is cash of c£550,000) was insane. So who is this lunatic? I tracked him down and the reality is that he is incredibly switched on… let me explain. 

The investor is a new fund The Helium Rising Stars Fund. It is run by a well-regarded “grey hair” David Newton. Newton already manages the Helium Special Situations Fund. It had made 440% in eight years. That is a compound rate of growth of 24% per annum, 1 percentage point better than Warren Buffett.

---

3917 days ago

Weekly Video Postcard #56: Ukraine, blowback, UKIP and the Euros

Tom Winnifrith returns with a video postcard which inevitably starts with Ukraine and the concept of blowback.

Tom refers to his strong sympathy for President Putin & Russia which he explains in detail HERE

But he goes on to discuss the wider idea of blowback – a Ron Paul concept – and how it marks the failed foreign policy of the West and has to stop.

Tom also covers the UKIP Spring conference – it lamentable failings in policy areas but Tom ends with a concession that he will probably vote UKIP anyway on May 22nd. He explains why.

Tom’s financial postcard covers Ukraine and the probably market sell off Monday. Is this a buying opportunity? No! Tom also covers lunacy in tech valuations and Warren Buffett and sex. It can be viewed HERE

---

4325 days ago

WANdisco Trading Statement: Good News continues but 2014 PE now 120

On 15th January AIM listed super IPO of 2012 WANdisco (LSE:WAND) served up what was a very upbeat and impressive trading statement prompting modest upgrades from its paid for research lackeys at Edison and GE&CR and sending the shares soaring ahead to a 577.5p share price. The 2014 PE ratio is now in the region of 120. On 6th January I explained why this stock was actually, a plausibly, cheap share tip at 493p although it could hardly be described as a traditional Warren Buffett style value investment.

---