Showing posts with label Value Investing. Show all posts
Showing posts with label Value Investing. Show all posts
Friday, October 17, 2008
Saturday, February 16, 2008
Graham’s investing philosophy
THE recent developments over the subprime issues and the big volatility in regional markets have caused a lot of uneasiness to retail investors.
According to Benjamin Graham (1894-1976), investors should make market fluctuations their friends, rather than get carried away by the market sentiment. Investors should not try to time the market, as the stock market movement is always unpredictable.
In this article, we will look into some key elements of Graham’s investing philosophy.
Graham, the father of value investing, was born in London and moved to the United States when he was eight years old. In 1914, he graduated from Columbia University and started work as a financial analyst on Wall Street.
He started a private investment organisation, the Benjamin Graham Joint Account, on Jan 1, 1926, which was later joined by Jerry Newman at end-1926.
According to Benjamin Graham (1894-1976), investors should make market fluctuations their friends, rather than get carried away by the market sentiment. Investors should not try to time the market, as the stock market movement is always unpredictable.
In this article, we will look into some key elements of Graham’s investing philosophy.
Graham, the father of value investing, was born in London and moved to the United States when he was eight years old. In 1914, he graduated from Columbia University and started work as a financial analyst on Wall Street.
He started a private investment organisation, the Benjamin Graham Joint Account, on Jan 1, 1926, which was later joined by Jerry Newman at end-1926.
Friday, September 7, 2007
Tweedy, Browne's Secrets of Value Investing
Tweedy, Browne is money management's equivalent of the Republican cloth coat: nothing flashy, ever dependable, transcending style. It is an organization that was founded in 1920 to deal in thinly traded stocks, and which in the 1950s realized that more money was to be made in owning such typically undervalued shares than in trading them. The firm began to take in outside funds in 1968 and has grown to manage more than $13 billion today.
I asked him how his firm practices value investing today. He says Tweedy, Browne eschews a top-down approach and instead looks for companies that would meet an updated version of Benjamin Graham's requirements.
I asked him how his firm practices value investing today. He says Tweedy, Browne eschews a top-down approach and instead looks for companies that would meet an updated version of Benjamin Graham's requirements.
Saturday, September 1, 2007
Take-Home Lessons on Value Investing
Do you want greater investment returns? You need to assume more risk. So says academic finance, which rests almost entirely on the principle that reward necessarily entails and is commensurate with risk. Indeed this assumption has at least an element of truth to it, inasmuch as stocks are riskier than bonds, and also tend to deliver greater returns than bonds over longer (say, multiyear) periods of time.
Hedge fund manager and author of "The Dhandho Investor," Mohnish Pabrai, begs to differ with the academics. Like so many value investors who've come before him (and to whom he's duly deferential), Pabrai provides a framework for selecting unloved, overlooked, forgotten, and seemingly boring businesses that are selling at cheap enough prices to minimize risk and maximize returns.
Hedge fund manager and author of "The Dhandho Investor," Mohnish Pabrai, begs to differ with the academics. Like so many value investors who've come before him (and to whom he's duly deferential), Pabrai provides a framework for selecting unloved, overlooked, forgotten, and seemingly boring businesses that are selling at cheap enough prices to minimize risk and maximize returns.
Thursday, August 30, 2007
The World According to Eveillard
"I'm not worried about the global economic boom, except that it's a credit boom. What worries me is that we've had a credit boom for 15 years now, and a credit boom usually ends in a credit bust," Eveillard says. "Already you see problems cropping up like subprime debt. There are also indications that real estate is peaking in Ireland and Spain and England, not just America. And the appetite for risk remains high."
Full Article
Source : Thanks to dpatel from MSN Brk Board
Source : Thanks to dpatel from MSN Brk Board
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