Understanding the numbers is just one part of investing. To be a successful long-term investor, you need not only understand the numbers but also the psychological traits required to be able to capitalise on your
Continue ReadingLessons From The Charlie Munger Partnership
Before he became Warren Buffett’s right-hand man at Berkshire Hathaway, Charlie Munger ran his own investment partnership where he established an impressive track record for himself. In fact, the Munger partnership performance earned him a
Continue ReadingThe Curious Case Of WD-40’s Record Valuation
Over the past few decades, there has been a boom in demand for so-called “low volatility” stocks. These companies tend to be high-quality Consumer Staples, Heathlcare of Industrial names, like 3M Company or PepsiCo, Inc.
Continue ReadingProperty Investing And The Advantages of an Illiquid Asset
Real estate is a great way to build wealth, and owning property has made a lot of people a lot of money over the years. However, equity investing has yielded similar, if not better results
Continue ReadingWhy Debt Is Like Russian Roulette
Since the mid-1950s, global indebtedness has exploded to record levels. At the beginning of 2019, the IMF reported global debt reached an all-time high of $184 trillion in nominal terms at the end of 2018,
Continue ReadingMohnish Pabrai: The Most Common Mistake Investors Make
Mohnish Pabrai is widely considered to be one of the best value investors managing money today. He runs the Pabrai Investment Funds, a group of hedge funds modelled on Buffett’s original partnerships. Returns since inception
Continue ReadingSeth Klarman On Catalysts In Value Investing
One of the most frustrating scenarios to be faced with as an investor is a stagnant stock price. You’ve done all the hard work, analysed the company correctly, invested at a deep discount to intrinsic
Continue ReadingExtract From The Upcoming Hidden Value Stocks Q1 2019 Issue
An extract from the Q1 2019 issue of Hidden Value Stocks. The issue features two interviews with emerging hedge fund managers, Gate City Capital Management and Breach Inlet. This is an extract from the interview
Continue ReadingLessons From The Collapse of Flybe
There are only two things investors can control when it comes to investing in the public equity markets. Firstly, the price paid for the security you have decided to include in your portfolio and secondly,
Continue ReadingThe Permanent Portfolio And Joel Greenblatt’s Big Secret
I recently wrote an article for Gurufocus.com on an asset allocation strategy called the ‘Permanent Portfolio’ (PP). For readers who don’t know, or who haven’t heard about this portfolio approach before, it was first published
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Hidden Value Stocks
I’ve not been able to post on this blog recently because I’ve been working flat out on a new business venture with my partner called Hidden Value Stocks. This is a stock newsletter focused on small,
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