(Excerpt from Staring into the Valuation Abyss) I think there is a lot of confusion out there about what Value investing is. Lots of people seem to think it’s about buying really crappy companies for low multiples....
December 28, 2020|
(Excerpt from The Psychology of Money by Morgan Housel) Graham was constantly experimenting and retesting his assumptions and seeking out what works—not what worked yesterday but what works today. In each revised...
September 28, 2020|
(Excerpt from The Psychology of Money by Morgan Housel) Benjamin Graham is known as one of the greatest investors of all time, the father of value investing and the early mentor of Warren Buffett. But the majority of...
September 26, 2020|
Investing, Luck, Randomness
(Excerpt from University of Berkshire Hathaway by Daniel Pecaut and Corey Wrenn) He Charlie Munger claimed that his best ideas haven’t done better than others’ best ideas, but he’s lost less on his worst...
April 11, 2020|
Fallibility, Inversion, Investing, Via Negativa
(Extracted from Why Value Investing Works on safalniveshak.com) The fact that the value approach doesn’t work over periods of time is precisely the reason why it continues to work over the long term....
September 18, 2019|