💰Learn How to Read a Cash Flow Statement Easily


Hey Reader,

Did you know that Buffett's initial American Express investment returned 124% in just 2.5 years - While the broader market (Dow Jones) declined by 6% during the same period, Buffett's contrarian bet paid off dramatically by 1967 when the stock more than doubled from his average purchase price of $41.22 to $92.50.

In today's issue:

  • Brian Stoffel breaks down how to read the cash flow statement.
  • Warren Buffett's thoughts on tariffs and trade from 2003.
  • Pricing and peer groups from Aswath Damodaran
  • Warren Buffett's "rules of thumb."
  • Much more......

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💎NUGGETS

My Favorite Finds

🧵Brian Stoffel teaches us how to read the cash flow statement. Important always, but today, even more so.

📖 Andy Jassey's 2024 Shareholder Letter, good weekend read.

🎥 Pricing and Peer Group analysis class from Aswath Damodaran. Do I need to say anymore?

📖 Buffett's thoughts on tariffs and trade from 2003. Still relevant today.

🎥 Chris Mayer wrote the book on 100 Baggers; here's a podcast defining his process.

📖 Michael Mauboussin discusses a company's lifecycle and how it moves through the stages.


🔍Question of the Week


📖Knowledge Tidbits


Thanks,
Dave Ahern
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