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Extract From The Upcoming Hidden Value Stocks Q1 2019 Issue

Extract From The Upcoming Hidden Value Stocks Q1 2019 Issue

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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 with Breach Inlet. To discover more about Hidden Value Stocks scroll down. What traits are you initially looking for in an opportunity? To put it another way, what makes you say “yes” or “no that is too hard”? We are generalists, but avoid companies heavily…

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Lessons From The Collapse of Flybe

Lessons From The Collapse of Flybe

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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, costs. Virtually everything else is uncontrollable (apart from when you sell, but for the purposes of this example, that falls under price paid as they are both interlinked). We don’t know how long it will take for a company to reach our estimate of intrinsic…

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Using The Kelly Criterion In Investing

Using The Kelly Criterion In Investing

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The Kelly Criterion is a tool you can use to help decide how much weight you should give each position in a portfolio. Invented by John Kelly, who was originally employed at Bell Labs, the formula enables you to calculate how much of your bankroll you should bet on an opportunity depending on the odds of winning. This is the simple version of the formula: “The simple rule goes like this. Suppose that with probability p you will make a…

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How To Construct A Personal Budget

How To Construct A Personal Budget

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Have you been struggling with the design of your personal budget? People today seem to use such complicated budgets to stay ahead of their finances. Some of these look like the plans for a mission to Mars, instead of a simple income management plan. Do you really need such complex tables, charts, and graphs to stay in control of your personal finances? Absolutely not. A personal budget is one that can be as simple as addition and subtraction, nothing more. You…

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How to Avoid Those Nasty Credit Card Bills

How to Avoid Those Nasty Credit Card Bills

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So, you just got yourself a new credit card. You’ve probably heard the horror stories that accompany the word. The word on the streets is if you own and use a credit card, you’re going to find yourself knee-deep in debt. You don’t have to end up like this though. If you are smart, and you make the right decisions when using your new card, you won’t have to deal with horrendous bills. Here are a few ways in which…

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6 Tips To Help You Save And Budget

6 Tips To Help You Save And Budget

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Nobody likes the word budget. No one wants to limit what they do. But with a few simple steps, you can make your money life less stressful and still do the things you enjoy. With a little bit of creativity and planning, it’s easy to put in place a budget that will help your money go further, and boost your savings pot. Tips to help you save Don’t be afraid of cash One of the easiest ways to get yourself…

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Compound Interest: The Eighth Wonder Of The World

Compound Interest: The Eighth Wonder Of The World

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Albert Einstein came up with a lot of good stuff in his day, but one of his best quotes is “Compound interest is the eighth wonder of the world”. To be sure Einstein didn’t invent compound interest, but like all that other stuff about relatively and black holes, he knew it was really important. Don’t worry though, you don’t need to be an Einstein to understand or benefit from compound interest, all you really need is time. Compound interest is…

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The Importance Of ROIC

The Importance Of ROIC

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Over the long-term, an investor’s primary focus should be value creation, how much value has been and will be created with the funds invested in and deployed by the selected company. This applies to both value and growth investors. Return On Invested Capital (ROIC) is a superior guide with which to assess value creation. Indeed, ROIC can be significantly more informative than traditional investment performance metrics such as EPS, EBITDA, and ROE, all of which can be manipulated and misleading….

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Interview With Deep Value Investor Jeroen Bos

Interview With Deep Value Investor Jeroen Bos

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Jeroen Bos has more than twenty years of investment experience and is one of the premier deep value investors in Europe. He worked as a scout for Peter Cundill in the London market and authored Deep Value Investing: Finding bargain shares with big potential, published in 2013. Jeroen currently manages the Church House Deep Value Investments Fund, a small-cap fund that looks for unloved companies priced at a discount to their liquid assets. The fund is largely UK weighted and…

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