Monish Pabrai on Bloomberg

Mohnish Pabrai calls himself a "shameless cloner" of Warren Buffett, and that's fine with us. As the managing partner of Pabrai Investment Funds, Pabrai has been able to return over 26% net to investors since 1999. And his book The Dhandho Investor: The Low - Risk Value Method ...

What Has Your Savings Account Done For You Lately?

It's time to have a long distance relationship with your Savings Account. Most people deposit their paycheck into a local Savings or Checking Account. Whatever money is left over after paying bills, sits in the account and grows at a snails pace thanks to the low interest rate most banks ...

Buying Stocks Without A Broker; The Sane Way

Yes, it's true. You can buy stocks like Yahoo (YHOO), Wal-Mart (WMT), Home Depot (HD) and Intel (INTC) direct from the company without using a broker. It's called a Direct Stock Purchase Plan (DSPP) and thousands of companies now offer them. This is different than a DRIP ...

Reducing Balance Transfer Fees

Balance transfers can be an important tool in your fiscal arsenal. They allow you to temporarily move your debt to a non-interest bearing account. But there's a catch; fees, fees and more fees. Here's two ways to limit the fees, and take advantage of balance transfers. 1. ...

7 Reasons why Markel is like Berkshire Hathaway

I recently read a NY Times Sunday article about Markel (note: This is a Times Select article which requires a membership fee.) I greatly enjoyed this article but it led me to thinking. Markel (MKL) apparently is a great company. There are lots of reasons why but the most ...

Dollar Cost Averaging: 101

Dollar cost averaging (DCA) is a technique designed to reduce risk when purchasing stocks or mutual funds. If you have a 401k with your employer you're already dollar cost averaging everytime they purchase stock for you. The idea behind dollar cost averaging is to repeatedly invest a set amount of ...

Legendary Investors Tweedy Browne Re-open Value Fund

Tweedy, Browne & Company, the legendary investors who were Warren Buffett's brokers in the 1960's and 1970's, have announced today that they are re-opening the Tweedy, Browne Value Fund (TWEBX). Their Global Value Fund (TBGVX) will remain closed. Partners of Tweedy Browne, either past or present, have worked closely with ...

The $144,000 Cup Of Coffee

One of the best personal finance books I've ever read, Smart Couples Finish Rich by David Bach, talks about the latte effect. Briefly, it's how much money you could save, or earn, by not treating yourself to a cup of coffee every day. Here, we're talking about high-end ...