The highly successful growth investor Peter Lynch once advised investors to “buy what you know.” Another way to interpret this is to buy what you understand. Lynch isn’t the only successful investor that has recommend
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Lessons from Wall Street’s Four Great Bottoms
Professor Russell Napier spends most of his time studying financial markets. Author of The Solid Ground investment report for institutional investors and co-founder of the investment research portal ERIC, Russell has been writing global macro
Continue ReadingHow Phil Fisher’s “Common Stocks and Uncommon Profits” Changed Warren Buffett’s View Of Investing
Warren Buffett was taught how to invest by Benjamin Graham, who is considered to be the Godfather of value investing. In the early years of his career, Buffett followed Graham’s style of investing closely. He
Continue ReadingWhat Warren Buffett’s See’s Candies Can Teach Us About Business
Many business owners and managers believe that growth is the single most crucial factor in defining a company’s success. Nowhere is this trend more evident than the tech sector. Companies like Uber and WeWork have
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 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
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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,
Continue ReadingSeth Klarman: Approach Investing With a “Strict Standard of Risk Avoidance”
Investing is hard. To be able to outperform the market consistently, you need to be able to predict the future. Unfortunately, predicting the future is impossible. So, investing is a game of probabilities. Estimating the
Continue ReadingWarren Buffett Lectures From 1991: What Makes A Good Business
Below are notes taken across three lectures by Warren Buffett to the Notre Dame Faculty in 1991 on the topic of pricing power, and what makes a good business. The first set of notes is a
Continue ReadingUsing The Kelly Criterion In Investing
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
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