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
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Why 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 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
Continue ReadingNegative Shareholder Equity Isn’t All That Bad After All
In many respects, the style of value investing is built around shareholder equity and book value. Benjamin Graham and David Dodd built their net-nets investment strategy on book value, with the logic that if you
Continue ReadingLosing It All Pt.4: Benjamin Graham
No series on the mistakes of the world’s greatest investors would be complete without looking at the mistakes made by the Godfather of value investing Benjamin Graham, in the early part of his career. Losing It
Continue ReadingWarren Buffett’s 5 Most Valuable Investment Quotes
Five of the most valuable pieces of investment advice Warren Buffett has given over the years. These quotes don’t really need much of an explanation, they speak for themselves. They almost entirely sum up Buffett’s
Continue ReadingInvestment Analysis And Psychological Barriers Investors Face
Michael J. Mauboussin’s latest research report focuses on the topic of comparison. Specifically, how investors can improve their comparison process as part of investment analysis. The paper, which you can find here, presents an interesting framework
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