Old School Value blog

Empowering value investors with stock valuation, ideas and tutorials

Recommended Reading May 23

May 23rd, 2010

4 Comments

It’s been a while since I posted some good readings, but the following reads are too good to pass up. I highly recommend you to try and go through them. With the market so volatile, the best thing to do is relax and gather your thoughts with these insightful writings.

The following are my detailed notes from the 2010 Value Investing Congress in Pasadena, CA on May 4th and 5th.. The great list of speakers included Bruce Berkowitz, Mohnish Pabrai, Eric Sprott, Tom Russo and Whitney Tilson, just to name a few. Topics ranged from the merits of owning gold to the attractiveness of small caps to investing in India and China.

How does an investor measure success?

Success is often difficult to determine and many use a measurement based solely on absolute returns although all investors seek positive returns in abundant forms.  It’s no mystery that the behaviour of investors follows similar cycles seen over and over in both boom and bust segments of market ups and downs and investors for the most part attempt to avoid these cycles only to find themselves frequently falling into a market mentality and accepting the status quo for returns…

… we recently conducted an empirical investigation into the fundamental factors that separate winning stocks from losing ones, as measured by absolute market returns.  By analyzing data for years 1980-2010, we were able to assess the success of publicly traded corporations in the US, and the factors leading to the companies’ ability to create value for shareholders, at least for the last 30 years…

And if you’re tired from all that reading and feeling hungry, here’s your chance to jump on a free Chick-fil-A spicy chicken sandwich.

You may also like:

  1. Contrarian Investment Rules – Part 2

Are your stocks cheap or overvalued? Check with the stock valuation spreadsheets

4 Comments

  1. - Simon

    Thanks Jae,

    That has got to be the best value chicken sandwich ever!
    I’ll keep coming here for sure.

  2. - Roberto

    Thank you for the links, Jae! Specially “Warning Flags”.

  3. - Derek

    Jae;
    I’d like to know whether you’re bullish or bearish on the market overall in the near-term.
    Major bounce today, but we saw that after the EU announced its $750 billion financial crisis fund, and it didn’t hold.
    Do you think there will be another big pullback in June or July?

  4. - Jae Jun

    @ Roberto,
    I especially enjoyed and found the Howard Marks letter very valuable. Superb piece of writing and thought.

    @ Derek,
    I am on the bear side. I’m no expert on economics but the picture in my mind doesn’t add up to the bullish sentiment we had until April.
    I’m just as guilty of being greedy and letting emotions cloud my thinking as I should have sold plenty of things.

    Regardless of what the EU is doing, I only see the EU trying to stop a leaking pipe with bubble gum.

Leave a comment


(Required)


(Required and not published nor shared)