Publications

The Rational Walk provides in-depth equity research based on value investing principles. We believe that diligent and thorough security analysis has the potential to identify opportunities in the financial markets for the small number of investors who have long time horizons and the appropriate temperament to ignore short term market fluctuations.  The following research reports are available for purchase.  All reports come with a money back guarantee.  Readers who do not find the content to be useful may obtain a refund within seven days of purchase.  Please review our terms and conditions prior to purchasing any of our reports.

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Platinum Underwriters:  Mining for Value in Reinsurance.  Publication Date:  October 21, 2011.  Platinum Underwriters is a Bermuda-based company organized in 2002 as a spin-off of The St. Paul Companies reinsurance operations.  Platinum has posted strong results since inception. We believe that Platinum’s valuation at approximately two-thirds of September 30, 2011 tangible book value presents investors with an interesting opportunity.  Click here to read the introduction to the 21 page report.  As of January 23, 2012, the report is available free of charge.

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Berkshire Hathaway:  In Search of the “Buffett Premium”. Publication Date:  March 1, 2011. This report takes a close look at management succession issues at Berkshire Hathaway in the context of a careful examination of the drivers of intrinsic value.  Incorporating the data contained in Berkshire’s 2010 annual report and related SEC filings, The Rational Walk’s 118 page report provides extensive coverage of all key facets of Berkshire Hathaway and an estimate of intrinsic value based on three well regarded valuation methodologies.  Click here for more information on the report or click on the button below to download the report.  As of June 23, 2012, this report is available free of charge.

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Berkshire Hathaway:  Background, Analysis, and Valuation.  Publication Date:  February 28, 2010.  The Rational Walk is pleased to make our report on Berkshire Hathaway published in February 2010 available to readers free of charge! The analysis was published shortly after the release of Berkshire Hathaway’s 2009 annual report.

 

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