Some Thoughts About Warren Buffet, Heinz And Big Cat Insurance

This article is published in Gurufocus. It can be read here: Some Thoughts About Warren Buffet, Heinz And Big Cat Insurance

Cheers!
jrv

About jrv

I was born in Spain and lived in Belgium, Chile, France, USA, Argentina among other places. Currently I am trying to settle down in a wild place. I am "retired", even though now I dedicate more hours "working" for my investments than I ever worked in the real labor market where I used to work in IT and Banking. I am a family man, I have a lovely wife, several sons and one step daughter. I have humble tastes, I like to stay home and read about companies and investments. I started investing at 25 before the internet bubble exploded. I did not know much about investing and liked technical analysis so my results were pretty bad. Fortunately I did not have much to lose. Some years later in 2006 bored of doing only real state investments and with quite a lot of money saved I opened an account in a cheap and excellent online broker and started again. This time I did not want to commit the same mistake, so I decided to follow a model. I heard that Warren Buffett was the best at making money via stocks so I started by reading a lot about him, all of his shareholders letters and several of the books that he recommended. I learned a lot, started applying his investing principles and reading a lot of 10K's. Digested news from lots of different sources. Basically I started buying very good and cheap companies and holding them for ever if possible and if nothing changed fundamentally. When the housing crisis started I was more than 75% cash. At that time I identified good companies at incredibly cheap prices so I invested most of my savings in stocks. In less than I year I doubled. By the second semester of 2009 I turned my software company into an investment vehicle and dedicated myself full time to it. My wife and I decided to change our lifestyle and moved from Belgium to the beach in a wild country. The goal was to keep fixed costs low in order to be able to live with a minimum 6-8% yearly return but specially to move away from the inhuman life of civilization and to have finally some peace and sunny weather to concentrate better on investing. Now I can think and study about companies 60 hours a week and I am doing great. I can finally do what I want full time and can proudly say that I have never been so happy, specially also with my just born 4th son, my other great kids and my sweet wife who supports me fully while I study most of the day and patiently wait for the opportunity to make a swing ! You can learn a bit more about my portfolio by viewing it at www.kuchita.com/view/sumo.php or you may learn more about me and my family by following the link "Author's site" from the menu above.
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5 Responses to Some Thoughts About Warren Buffet, Heinz And Big Cat Insurance

  1. jrv,

    enjoyed this piece. he truly is a dynamic fellow, and more can be learned from him by what he has done than what he has said, although you can learn a ton from both.

    My friends have been pushing me to get more into the net net game lately, along with super distressed asset plays, but i can’t get comfortable with it. I made a quick 30-40% return on one of them and just felt dirty. It’s not my game. Some love it, but for me, I’m looking for operating businesses, not piles of junk assets. So every time i see mention of his controlling stake of BRK back oh so many years ago, I am reminded of this fact. This applies to anything from distressed machinery to even buying a golf course. I just don’t like the asset game too much.

  2. jrv says:

    Hi Andrew happy to hear back from you ! I just looked at your site and I’m pleased to see that you continue investing. Your site is very comprehensible, I enjoyed reading about your portfolio, congrats on that, I rarely see such openness. Hope you make a killing with those warrants from AIG, BAC and Wells Fargo, I guess that they are already deep in the green :) !

    I’ll send you an email one of these days to see if we can share some ideas.

    Best wishes !
    jrv

  3. jrv- I wish I could have been in touch more, but I got quite sick last year and took some time off. Fortunately, my health is back on track, but it took longer than expected.

    I actually just updated the portfolio. I did quite well with the BAC & GM warrants, but recent events caused me to have to partially liquidate my portfolio, so I’ve reduced the number of positions I’m holding and increased my stake in AIG. Perhaps worth checking again to see, but no new additions.

    Please do email me. I’m back and working hard as ever.

  4. Your style is very unique compared to other people I’ve read stuff from. Thanks for posting when you’ve
    got the opportunity, Guess I’ll just book mark this site.

  5. jrv says:

    Thanks Georgia ! Who are your favorite investors ?

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