Links - 06/19/2023
“Earning power must always be the chief criterion of stock values — exceeding in importance asset backing, financial condition, and even dividend return. For it is the average rate of earnings which determines the real value of the physical assets, which weakens or strengthens the cash position, and which finally must control the dividend policy.” —Benjamin Graham
Berkshire Hathaway increases its passive stakes in each of five leading Japanese trading companies (LINK)
The Wisdom of K - by Chris Mayer (LINK)
Navigating Early Retirement (LINK)
From the archives [H/T @ThomasBraziel]…. Charlie Silk’s 150-Bagger - by Peter Lynch [May 1994] (LINK)
2023 Value Investing Conference | Keynote Speaker: Anthony Scilipoti [H/T Linc] (Video, Slides)
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