March 6th, 2013 Warren Buffett released his 2012 letter to investors on March 1, 2013. As usual, he provides a number of brilliant insights into his investing methodology. A number of sites have already posted their summaries or key quotes. However, I noticed that some of the main takeaways that I took from the letter ...…
In their book, Quantitative Value, + Web Site: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (Wiley Finance), Wesley Gray and Tobias Carlisle attempt to create a quantitative investment strategy that mimics Warren Buffett’s investing style. It’s easy to dismiss the premise of their book as being difficult if not impossible to ...…
February 8th, 2013 Vitaliy Katsenelson’s Active Value Investing is really two books in one. The the first part of the book deals with long-term trends in the stock market. Katsenelson lays out in significant detail his case that the US stock market entered into a range-bound market following the bursting of the tech bubble. The ...…
February 4th, 2013 Despite the silly name, Pat Dorsey’s second investment book is laser focused on helping investors learn how to identify companies with durable competitive advantages. In his first book, The Five Rules for Successful Investing, he highlights the investment process that he uses at Morningstar. Do your homework. Find economic moats. Have a ...…
January 14th, 2013 The recent media hype surrounding Infosys’ Q3 results has taken on a life of its own. But the crushing feelings of doubt and confusion for brokerage analysts is very real. A recent article in the Economic Times explains why analysts are so hurt: “a lot of equity analysts, who had a not-so-cherry ...…