Category Archives: Edgemoor Insights

Once again, Berkshire Hathaway’s Annual Meeting was a showcase for the best of corporate America featuring the guru of value investing, 81-year-old Warren Buffett, and his long-time partner and alter ego, 88-year-old Charlie Munger.  Five hours of answering questions from shareholders, financial analysts, and journalists, and they didn’t miss a beat.
Management succession was again a [...]

In this latest installment of our quarterly report, my colleagues and I share some observations on the market’s spectacular rise in the first quarter, offer our current outlook for the economy and markets in this election year, and discuss three of the securities we are currently buying: Microsoft Corporation (MSFT), PNC Financial Services Group (PNC), [...]

Two of the most successful long-term investors, Warren Buffett and Jeremy Grantham, just released their latest commentaries.  We carefully study their reports and believe all investors should do the same.
The headlines related to Buffett’s 2011 letter to Berkshire Hathaway shareholders emphasized succession plans, which are in place, and his admission of mistakes, including the purchase [...]

A Motley Fool article from last fall, recently cited in DailyFinance, highlighted three misconceptions regarding the US economy:
1: Most of what Americans spend their money on is made in China.
2: We owe most of our debt to China.
3: We get most of our oil from the Middle East.
Whether or not you believe these to be [...]

As those who have followed our investing approach know, preferred stocks have been mainstays of our income portfolios for many years.  In today’s environment of low interest rates, including a yield of 2% on the 10-Year Treasury, the much higher yields offered by preferred stocks are particularly attractive.
Fidelity recently published a detailed review of the [...]