Warren Pieces: Franchises vs. Businesses

A periodic look through the archives of the greatest investor in history In Berkshire Hathaway’s 1991 Letter to Shareholders, Warren Buffett talked about the differences between “franchises” and “businesses”. Below…

Which Value Metric Is Best?

Which valuation metric is best? In his latest for Canada’s Globe and Mail, Validea CEO John Reese looks at just that question, weighing the pros and cons of several popular…