Warren Buffett has been investing in stocks since his teenage years. Over the past seven decades, he’s bought and sold thousands of stocks across sectors and industries accumulating hundreds of billions of dollars in value
Continue Reading4 Rules For Becoming A Bad Investor
I recently re-read one of Charlie Munger speeches from 1986 to students of the Harvard Westlake business school. In the speech, Munger laid out his rules for living a miserable life, in an attempt to
Continue ReadingSecond-Level Thinking: What Is It And Why You Need It
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 ReadingA Case Study Of Why Warren Buffett Bought Disney In 1966
A few weeks ago I wrote an article for GuruFocus outlining one of Warren Buffett’s biggest mistakes of all time; selling Disney. Buffett first noticed Disney back in 1966. The company at the time was
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
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