Coffee Can Investing
Sometimes an investing approach that is not necessarily "rational" from an economic perspective can produce superior results when one accounts for human nature ...
The Value of Repetition
Exposing ourselves to timeless principles is beneficial. But we should not be so rigid as to discount the possibility that the world has changed, and we must keep an open mind ...
The Digest #57
Value vs. Growth, Take the Money, Inflation, Lazy Thinking ...
The Digest #49
The Future of Value Investing ...
The Joys of Compounding
In The Joys of Compounding, Gautam Baid does an excellent job of taking several steps back from financial analysis and relating how his life story shaped who he is as an investor, how seeking a broad-based education and the “worldly ...
There’s Always Something to Do: The Peter Cundill Investment Approach
"There is always something to do. You just need to look harder, be creative and a little flexible." -- Irving Kahn One of the interesting aspects of the stock market involves the peculiar attitude many investors have when it comes ...
How to Quickly Scan a 10-K Report for Key Updates
The process that is required to get to know a company is relatively straight forward. Every investor is going to have a slightly different approach, but good investors typically begin with primary source material such as S.E.C. filings, news releases, ...
How to Review a Proxy Statement
"The compensation committee relies on its own good judgment in carrying out its duties and does not waste shareholder money on compensation consultants." -- Daily Journal Corporation 2017 Proxy Statement Reading primary sources of information remains the single most important ...
How to Read a 10-K Annual Report Efficiently
“We read a lot. I don’t know anyone who’s wise who doesn’t read a lot. But that’s not enough: You have to have a temperament to grab ideas and do sensible things. Most people don’t grab the right ideas or ...
Interesting Reading – November 15, 2016
In this series, we suggest worthwhile reading material on a variety of topics, not all of which are directly related to investing.   Is Value Investing Broken? - Gannon on Investing, November 9, 2016.  Geoff Gannon argues that value investing is ...
Bruce Greenwald: “The Truly Compelling Opportunities Are Gone”
The Financial Times has posted a two-part interview with Professor Bruce Greenwald of Columbia Business School. Here are links to the two-part video series along with a summary of each segment courtesy of FT.com. Read this post for more details ...
Common Stocks and Uncommon Profits
If Graham is known as the father of value investing, Fisher is equally well recognized as the father of growth investing. I believe that the combination of both approaches has been responsible for the amazing growth of Berkshire Hathaway over ...