Buysiders.com » moat http://blog-en.investidorprofissional.com.br Investidor Profissional (IP)'s blog: value investing across disciplines and around the globe Fri, 03 Feb 2012 16:25:25 +0000 en hourly 1 http://wordpress.org/?v=3.0 Teaser for the Q3 2010 report http://blog-en.investidorprofissional.com.br/2010/10/11/teaser-for-the-q3-2010-report/ http://blog-en.investidorprofissional.com.br/2010/10/11/teaser-for-the-q3-2010-report/#comments Mon, 11 Oct 2010 21:12:56 +0000 IP http://www.buysiders.com/?p=1328 Our Q3 report is almost ready to go, and in it we will publish the first part of a text called “Castles of Sand, Walls of Concrete” – we’ve been working with this text’s theme for a while. We were positively surprised by James Surowiecki in the New Yorker magazine (cover date October 18th 2010) with an article called “The Next Level” that has a lot to do with what we wrote. Without giving too much away, here’s one sentence: “Blockbuster treated its thousands of stores as if they were a protective moat, when in fact they were the business equivalent of the Maginot Line. The familiar sunk-cost fallacy made things worse. Myriad studies have shown that, once decision-makers invest in a project, they’re likely to keep doing so, because of the money already at stake. Rather than dramatically shrinking both the size and the number of its stores, Blockbuster just kept throwing good money after bad.”

]]> http://blog-en.investidorprofissional.com.br/2010/10/11/teaser-for-the-q3-2010-report/feed/ 0 Buffett pearl: 1998 speech http://blog-en.investidorprofissional.com.br/2010/02/02/buffett-pearl-1998-speech/ http://blog-en.investidorprofissional.com.br/2010/02/02/buffett-pearl-1998-speech/#comments Tue, 02 Feb 2010 20:21:31 +0000 IP http://www.buysiders.com/?p=688 In this speech to University of Florida MBA students Buffett was particularly expansive regarding his processes and methods, and this alone makes this video worth the time (some 90 minutes). The fact that it was October 1998, a pivotal time in the dot-com boom and just after the LTCM imbroglio makes it even more interesting. And there’s a download link to guarantee this doesn’t go away anytime soon, but you can watch an embedded version right here if you read on.

We don’t have any intention to be the “ultimate source for all things Buffett”, as a lot of people already do a great job at this and we thank them for uncovering these pearls. But this video is special. The parts on “moats” add up to some of his most detailed comments yet on the subject.

We don’t think it’s any exaggeration to say that Buffett has transcended the investment realm and that this is interesting for people in all walks of life. We’re certainly making backup copies.

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