patient investors

Deep Value Opportunity for Patient Investors

May 22, 2017 | Read Now

What You’ll Learn
– History and business of Pendrell
– Quick valuation target
– My reason for buying Pendrell

I’m starting with a warning.

Illiquid, closely held, de-registration (suspending SEC reporting), susceptible towards an unfriendly shareholder environment. The negatives are significant and is only suitable for patient long term investors.

But I’m embracing the words of Mohnish Pabrai’s, “Heads I Win, Tails I Don’t Lose Much”.

4 Books Warren Buffett Treasures

May 18, 2017 | Read Now

What You’ll Learn
– Why Warren Buffett loves these books
– Buffett’s road map to investing
– Ben and Dave’s teaching techniques

“My intellectual odyssey ended, however, when I met Ben and Dave, first through their writings and then in person. They laid out a roadmap for investing that I have now been following for 57 years. There’s been no reason to look for another.”—Warren Buffett

Old School Curated Links and News (May 16th Edition)

May 16, 2017 | Read Now

In case you haven’t noticed, I’ve been publishing more content on Old School Value. There are great blogs and authors that I am happy to share. You’ll continue to see more from these authors as well as my own articles.

During the weekend, I went and purchased a cigar butt.

How to Mature as an Investor

May 14, 2017 | Read Now

What You’ll Learn

– Whether it’s luck vs skill
– What they don’t teach in the classroom
– 5 ways you can boost your investing maturity

My first microcap investment fifteen years ago was a 15-bagger…

Bank of the Ozarks (OZRK): The Story of Intelligent Fanatic George Gleason

May 11, 2017 | Read Now

What You’ll Learn

– The signs of success in a microcap
– How Bank of Ozarks delivered 4,312% to shareholders
– Characteristics that shaped Bank of Ozarks

In March of 1979, George Gleason II became the owner/operator of a small Arkansas community bank in Ozark, Arkansas. Gleason’s background and how he purchased the bank was anything but ordinary. The 25 year old former attorney had zero banking experience and only $10,000, but was able to convince a Little Rock Arkansas bank to help finance the $3.6 million purchase of Bank of the Ozarks (OZRK).

The “Not So Smart” Enron Scandal

May 10, 2017 | Read Now

What you’ll learn:

– Why Wall Street missed the red flags at Enron
– Financial analysis guides to detect frauds
– Book recommendation by Warren Buffett

To get started, here’s a quick reminder of the Enron scandal…

Old School Curated Links and News (May 9th Berkshire Edition)

May 9, 2017 | Read Now

Don’t get over the Berkshire Weekend hangover just yet.

If you were at the annual meeting, congrats and I hope you had a blast.

If you weren’t at the annual meeting, you can watch the webcast. Much better to get straight to the Q&A and skip most of the other stuff.

I still feel like his annual letters have more content as every question isn’t great.

Instead of repeating what other outlets have written, here are a few pieces I found interesting from the WSJ live blog section instead.

Mohnish Pabrai’s Advice on How to Win without Losing Much

May 4, 2017 | Read Now

What You’ll Learn:

– Why managing risk matters
– The importance of patience
– How to combine risk with patience for outsized returns

10 Uncanny Investment Principles by Charlie Munger

May 3, 2017 | Read Now

Buffett may be the best investor in the world but he wouldn’t be there without Charlie Munger.

In keeping with our intent to observe “how he seems to do it,” we will recap his approach by using the “checklist” methodology he advocates.

The following principles are not employed by Charlie on a one-by-one or one-time fashion as the checklist format might seem.

Read on to learn Charlie Munger’s uncanny investment principles.

How To Make Money With Cheap Stocks Like InfoSonics

May 2, 2017 | Read Now

What You’ll Learn:

– Whether InfoSonics is a buy
– How Buffett calculated net nets
– Graham Net Net checklist review and how to find cheap stocks

Currently IFON is sitting at a market cap of $9M.
The important question to answer is whether IFON is cheap enough to buy after the 15% drop. I’ll work through the company and numbers and you’ll get my answer at the bottom.

Ready to try Old School Value?

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