Re: Improving On Buffett And Desert Cat
Interesting post. If a stock has a lot of analyst coverage (we can and probably should have a debate on what constitutes alot of analyst coverage) I'm going to be very reluctant to get involved FWIW. What I've observed about your recommendations over the years (they've been very good) is that seem to be based on:
1) You disagree more or less with how the market is interpreting the news/information on a particular company.
2) You have an insight into into a particular company that others genearlly don't have.
On criteria 1) I can think of your recommendation on the Martha Stewart company options years ago and the recommendation of TASR.
On 2) SHFL comes to mind.
A couple things about Buffet, he tends to buy companies outright. I realize he makes other investments but I'm fairly certain that the major share of his success is acquiring companies and including them in the Berkshire-Hathway conglomerate. Could be wrong about that.
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