Follow on Google News News By Tag * Corda Investment Management * Bonner C. Barnes * John Schloegel * Warren Buffet * Berkshire Hathaway Corporation * Investing * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Corda Investment Management Team Finds Common Ground with Warren BuffetBonner C. Barnes and John Schloegel of Corda Investment Management attended the Berkshire Hathaway Corporation’s Annual Shareholder meeting, finding common ground with Warren Buffet, his philosophy and his position on the stock market.
By: Hackney Communications Amid the sea of 35,000 shareholders, Bonner C. Barnes and John Schloegel of Corda Investment Management (www.cordamanagement.com) “In a world of traders and speculators, hedge funds and black boxes, options futures and other derivatives, the successes of Warren and Charlie (Munger) are there to remind us of the enduring wealth-building characteristics of the patient investor who buys low, receives an attractive cash flow, and holds for the long term,” said Barnes, Corda’s President and Chief Investment Officer. Buffet is the chair of Berkshire Hathaway, and recognized for becoming one of the world’s wealthiest individuals, a result of a lifetime of “value investing.” “Charlie and Warren have demonstrated tremendous patience regarding what, when, and how much they will pay when making an investment,” Buffet and Munger, who is vice chairman of Berkshire Hathaway, stressed the importance of good cash flow and the earning power when they evaluate an investment. “Berkshire recently bought a brick-making company in Alabama, with no other bidders involved,” said Schloegel, Corda’s Head of Portfolio Management. “They do not expect to make any money on this for a year or two. But they do expect earnings over the long run.” Barnes found a parallel with Corda. “We like to talk about buying real estate when it’s out of favor, paying 70 cents on the dollar, cashing in on the rents, while it rises to fair value over the long term,” said Barnes. “Warren and Charlie use that same philosophy with a down and out brick manufacturer.” He added that “being there for one amazing Saturday in Omaha was a great opportunity to validate our own investment philosophy here at Corda as we position ourselves for the next bull market.” For more information, media should contact Holt Hackney at hhackney@hackneycommunications.com, or 512-716-7977. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|