The “Story” of the Business and how to Interpret it
Intelligent investing has two components: the numbers and the story. This post will examine the latter.
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Is Value Investing Genetic or Learnable?
A question not much discussed, but needs to be addressed. Research suggests there may be a value “gene”, but there’s more to it.
Detach Yourself From the Market – A Mental Model
When buying a stock, you shouldn’t care whether the market is open or closed for the next five years. Here’s why.
We Are All Bargain Hunters… Except in the Stock Market
Everyone is a bargain hunter. Except in the stock market. Here’s why.
The Emotional Stages of a Value Investor
Value investors are not immune to emotions.
Show Me The Money! On The Importance of Free Cash Flow
The value of any business is the present value of its future cash flows. There’s no need to re-invent the wheel.
Intelligent Investing = Thinking in Probabilities
For better investment decisions, you need to be thinking in outcome probabilities.
Warren Buffett – The Partnership Days (1956 – 1969)
A lesser known side of Warren Buffett is from his days before Berkshire. Here’s timeless wisdom from the “Golden Era”.
Marty Whitman – It’s All In The Assets
Marty Whitman is famous name in the value investing community. Here are his top lessons.
Phil Town Part 2 – The Big Five and Dealing With Fear
The Big Five are straight-forward, no nonsense advice on what to look for in great companies. Here’s why.