Wednesday, January 22, 2014

Value Investor Watsa

MUMBAI: Prem Watsa is often called the Warren Buffett of Canada. And, this long-time believer in value investing has great faith in India's entrepreneurs and the country's economic potential, which is why he plans on putting more money into companies here.
The Hyderabad-born chairman of Canada's Fairfax Financial Holdings reiterated in an interview to ET that Thomas Cook, purchased in 2012, will be the vehicle for all acquisitions in India. Watsa, whose famously against-the-grain investments include the Bank of Ireland, BlackBerry and property in Greece, is clear about why he thinks Indian companies are a good bet.

TransCanada CEO Says Keystone South Is The Safest Pipeline Ever

Sunday, January 19, 2014

Weschler and Combs Outperform Buffett Again

Two investment managers, hired by the 83-year-old billionaire in recent years as part of his succession plan, each posted returns last year that outdid both Mr. Buffett's performance as Berkshire's top stock picker and the Standard & Poor's 500-stock index, according to people familiar with the matter.
The 2013 returns mark the second year in a row that the two men beat the broader market gauge, which gained 32% including dividends last year, as well as their boss. The people wouldn't say by how much the two outperformed the market in 2013, but the year before, they each beat the S&P by a double-digit margin, Mr. Buffett said in his 2012 annual letter to shareholders.
Mr. Buffett, Berkshire's chief executive and chairman, also gave them more money to play with. Messrs. Combs and Weschler are each beginning 2014 with more than $7 billion to manage, up from about $3 billion each at the beginning of 2012, according to the people familiar with the matter.
Both men are expected to take a larger role in overseeing the company's affairs, including acquisitions, in coming years.

Monday, January 6, 2014

Bill Miller - Up 67% In 2013, Up 40% in 2012 - What He Sees For 2014

Most forecasters are warning stock investors not to expect another year of 30 percent gains, as there was in the Standard & Poor’s 500-stock index in 2013. (The average forecast is for a 6 percent rise in the S.&P. 500, according to Bloomberg.) But the two analysts I selected for this column — Abby Joseph Cohen of Goldman Sachs and Bill Miller of Legg Mason, both of whom were remarkably accurate about 2013 — said another year of strong double-digit gains would not shock them. “We could easily see gains of more than 20 percent” in stocks, Mr. Miller told me. “And the market wouldn’t be overpriced at that level.”