While I prefer the common sense rule that “if you buy something for less than it’s worth, it will likely be a good investment”, the operative word is “worth” and there are several ways to calculate it. To answer “What Does Net-Net Mean?” we must look at three calculations. T...
Buffett started buying Berkshire shares from the Coca-Cola Company around 1988. They did this for several years and eventually bought 7% of the company worth $1.02 billion. It turned out to be one of the company’s best investments ever. He signed over $11 billion worth of contracts to del...
We own four residential properties, all unencumbered. Two properties we rent out. Most would consider these part of our net worth as assets that generate income. This is correct if we think in purely in spot terms (i.e. as of today). These assets, however, exist to hedge a forward lia...
To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1999 was $358 million, which increased the per-share book value of both our Class A and Class B stock by 0.5%. Over the last 35 years (that is, since present management took over) per-share book value has ...
A Niche Report is going to be the first step for a new entrepreneur, (or a seasoned one entering a new niche). This new service takes 4 weeks worth of work doing market research, and rips through the process with AI, bots, data crunching and multi-exit oversight (me). In the end ...