American Express…to where?

Amex is The Hinterland’s largest holding. It has generated a 25%+ return at the time of writing and it is a long time favourite of Warren Buffet and Bruce Greenwald. However, the question must be asked at least annually, is it a hold? One can see why so many eminent investors favour this company. It…

The Best Lecture Ever

Whilst we are on the theme of MBAs and lectures, its a good point to post the best lecture ever given. Below is a lecture Warren Buffet gave to Florida MBA students. I can’t think of a more useful way to spend 90 minutes (you may want to skip the first 10 when he gives…

Quit. Always Quit.

An interesting follow on from the post below; a speech by Prof. Deepak Malhotra to graduating Harvard MBA students in which he extols the virtue of quitting. He also gives his opinion on the point of MBA students. Doctors are trained to create health. Teachers are trained to create education. MBAs are trained to create…value.…

MBA? Or Master of Barely Anything?

Emerging in to the light from a three-year tunnel of studying an MBA whilst working in a demanding full-time job inevitably begs the question “was it worth it?” What did I sacrifice and what did I gain? Well I obviously I sacrificed any notion of holidays and a social life, but this simultaneously made it…

Time to KO Coke?

Every year one has to ask, is this the time to sell Coke? I never bought it at a cheap price back in Q2 2011, and its yield as ‘equity bond’ (see below) is only in the realms of 5%. It is not growing its revenues particularly fast and it has moved in to owning…