On August 3, 2011 , Nasdaq.com published an article authored by Louis Navellier, titled “ 5 100 Billion Stocks Not Worth a Dime of Your Money". Navellier wrote, “ Given that future profits in the stock market are a function of profit growth, owning a $100 billion stock makes little sense .” Navellier's original article Berkshire Hathaway, Inc. (BRK), the conglomerate controlled by Warren Buffett, was Navellier’s top target for dissuading would-be investors. Among other mistakes, Navellier, without elaboration or substantiation , stated that BRK should be avoided while it was selling at premium prices. Navellier patently failed to describe his method for determining the intrinsic business value of Berkshire Hathaway; that knowledge would be necessary to wax eloquent as to whether the company was selling at a premium or at a discount. The ensuing seven years has demonstrated that Navellier was radically wrong . At the time of Navellier's article...
Using S.E.C. filed documents, as well as fodder generated by financial publications, Veblen Capital finds, analyzes, and publishes on actions or assertions that are financially indefensible.