By:
On:
In: Around the web
Tagged:
With: 0 Comments

Daniel Loeb’s Third Point LLC has built a “significant” position in KFC and Pizza Hut parent Yum Brands Inc., expressing optimism about its business in China.

Loeb, in his quarterly letter to his investors, disclosed the position Friday and said he sees a “dramatic profit recovery” coming in the next two years, while also crediting management for saying the right things about shareholder value.

Source: Daniel Loeb’s Third Point builds big stake in KFC, Pizza Hut – MarketWatch

By:
On:
In: Around the web
Tagged:
With: 0 Comments

Mr. Buffett, who is 84 years old, has never wavered in the principles he learned from his mentor, Benjamin Graham: Stocks are ownership stakes in businesses, not pieces of paper or blips on an electronic ticker; their market prices often are driven by the mood swings of investors rather than by the value of the underlying businesses; and investing is worthwhile only when value exceeds price by an amount great enough to create a “margin of safety.”

Nor has he ever changed his views on three of the most powerful weapons in the investing arsenal: cash, emotion and information.

Source: What You Should — and Shouldn’t — Learn from Warren Buffett – MoneyBeat – WSJ