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bovine bear
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37 followers
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bovine's posts

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Trump and Chess Are Helping My Returns
Happy 2017! I know it is already February and a bit late for that but my first blog entry in a year always requires a new year's greeting. For those that wondered why this blog is silent, it is mainly that my portfolio has been static. A long term investor ...

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My 5th Annual Schedule of Investments
So four years on, I am still posting. On each anniversary of my blog
I list my dozen or so largest holdings. This year I am posting three months late but
the following are my holdings at the anniversary. See this link for my past year holdings. Position C...

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Lesson's of the Last Four Years
Wow, it has been a long time - four months - since I last posted. Well, no, I haven't stopped blogging but I have definitely slowed down. I have been busy with work while my investment activity has virtually halted until recently. Besides, I probably needed...

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2015 Year End Results
By March every year
all companies with
fiscal year end on Dec 31
should have announced their
annual results.
Six of my holdings are summarized below.
Overall all results are reasonable and make
all six stocks overvalued. But I don't
know why the market tra...

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Playing Anthem-Cigna Merger Arbitrage
The managed care industry is under pressure by shareholders and
regulators and the public to decrease costs while
increasing coverage for the needy. It has done
a lot to that end but the next step looks to be
consolidation.
Anthem (ANTM) last year announced...

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Buying the Correction: KCLI
I first bought Kansas City Life Insurance (KCLI) almost three years ago simply based on cheap
price to book ratio.
The stock has
yoyo'ed between 38-50 for about 2.5yrs that I owned it. I bought and
sold it twice but in July last
year they did a odd-lot t...

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What I Bought During this Correction
I first bought this stock almost three years ago simply based on cheap
price to book.
The stock has
yoyo'ed between 38-50 for about 2.5yrs that I owned it. I bought and
sold it twice but in July last
year they did a odd-lot tender so anyone with less tha...

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Warren Buffett's 1962 Short Positions
I have collected number of article on long positions from the Buffett Partnership Limited in 1962. But that year he had also a few short positions.
He explained them in his 1963 letter to shareholders: You will note on our yearend balance sheet (part of the...

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A Rare BPL Short: Insurance Company of N America
I have collected number of article on long positions from the Buffett Partnnethip Limited in 1962. But that year he had two short positions. Both of them are large insurance companies. The smaller of the two is the Insurance Company of North America (INA). ...

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A Look Back at British Columbia Power
British Columbia Power was a interesting story back in 1962. It was one of the
biggest positions of the Buffett Partnership at 11% of total assets.
It was a Canadian company going through
an acrimonious court battle
with the British Columbia government. At...
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