In practice: Finding companies and analysing them
Part 4 of a series of 4 articles on beginning value investing, originally published in the gleaming new-look Interactive Investor mothership’s Trading and Investing Strategies pages. If you’re new to [...]
In practice: First steps
Part 3 of a series of 4 articles on beginning value investing, originally published in the gleaming new-look Interactive Investor mothership’s Trading and Investing Strategies pages. If you’re new to [...]
In theory: How much to pay
Part 2 of a series of 4 articles on beginning value investing, originally published in the gleaming new-look Interactive Investor mothership’s Trading and Investing Strategies pages. If you’re new to [...]
In theory: Value investing from the masters
Part 1 of a series of 4 articles on beginning value investing, originally published in the gleaming new-look Interactive Investor mothership’s Trading and Investing Strategies pages. If you’re new to [...]
Greenblatt on the small investors’ advantage
From a (recording of a) live chat with Joel Greenblatt. We’ve heard the most important advantage value investors have before, but its worth repeating to stop us trying to play [...]
Thrifty 30, Nifty Thrifty – what’s the difference?
Playing the expectations game
From Steven by email:
Being a total newcomer to investing, can I ask why your portfolio of shares seems to be quite different from those in the Money Observer portfolio, when the investing principles seem to be similar?
Thanks for your email, it’s given me an opportunity to think about what I’m doing!
I...
Betting on book value
Accountants versus investors
I’ve written so much about price earnings ratios on this blog, you’d be forgiven for thinking there is only one peg on which to hang an opinion on whether a company is cheap or expensive, but of course there are others.
In putting together the case for Home Retail recently, I relied on...
From action to analysis
Using your brain
This blog follows three previous articles on beginning value investing advocating:
1. Understanding the basic premise of value investing, that sometimes share prices are lower (or higher) than a realistic evaluation of the business would determine.
2. Buying shares that, statistically speaking, look cheap (see parts two and three).
Jumping straight from understanding (1) to action...
