While not the first Warren Buffett-watching website on the world wide web, this is the first to be so liberal with alliteration in the first sentence of the first post. This will be the site to visit to find out what’s going on in Warren Buffett’s life.

I know, nobody cares about Buffett’s personal life. The name of his new bride eludes you, and you don’t care. The final price of his Lincoln Towncar on eBay is one of those facts that you hope you never learn. That said, there will be some personal stuff, but not Matt Drudge-style tabloid trash. Buffett is a fairly private individual, and the only information about his private life that will appear here is that which he allows to become public.

The real focus of this site is Buffett’s investments. He controls Berkshire Hathaway (along with Carl Munger), the biggest holding company in the country. Buffett does not invest in bad companies. He may (rarely) invest in a company and then see the stock drop for reasons he could not have foresaw, but the companies are always solid and never outright collapse.

I’ll write much more about what makes a company a possible Buffett target, but for now I’ll sum up most of it in a few short sentences. Buffett stocks are usually Graham stocks, although Buffett’s rules are not as strict as Benjamin Graham’s. He likes stable companies that are undervalued by the general market. For takeover targets he will often target slightly distressed companies that can be improved greatly with new management. More on that later…