Old School Value blog

Empowering value investors with stock valuation, ideas and tutorials

Philosophy

Here I outline the philosophy I take in my valuations and what you will expect to find and not find.

Here is my investment checklist and process.

Investing Duration

I am not purely a buy and hold investor. This does not make me a trader. I try to find obvious price inefficiencies between the value of a company and what the market is pricing it for. This leads me to invest in the following situations:

Long term holdings:

  • intention to buy and hold for over 10 years. Huge moat companies such the Coca Cola’s and Johnson & Johnsons etc. The current value of the company may not be “cheap” but the future outlook is bright.

Mid term holdings:

  • holding period anywhere from 1-5 years. Companies with zero to narrow moats that are trading far below intrinsic value. To be sold once it reaches intrinsic value.

Short term holdings:

  • holding period of usually less than 1 year. These are special situations such as arbitrage and tenders. This category can also include mid term holdings that rise to intrinsic value within a year. This could also mean entering and exiting positions several times if it keeps hitting my buy and sell triggers.

What To Expect

  • Stock valuation tools
  • Stock analysis
  • Investment education
  • Investing strategy and backtests
  • Book reviews and recommended readings

What NOT to Expect

  • Stock buy sell recommendations
  • Market commentary
  • Economics and macro views
  • Technical analysis
  • Complicated and corporate mumbo jumbo

I will generally not write about blue chips or largely followed stocks even though I may own it. Once again, the same information can be found somewhere else. Only if I can see from an extreme point of view that no one else sees, will I write anything.

Disclosures

While I will usually state whether I own the stock I am writing about, my exact personal portfolio, transactions, portfolio sizing will only be discussed in the members section.