Author: Saj Karsan

Over the last year, we have discussed many stocks that have appeared to trade at significant discounts to their intrinsic values. But lately, undoubtedly due in part to the market’s rally, we find ourselves discussing...

The herd mentality is well-documented outside the investment world. While it is not given much thought within the investment world (exceptions include discussions on the topic from both Ben Graham and Stephen Jarislowsky), it...

Companies are required to release their financial results according to GAAP. Often, however, companies will also release what they call “Pro Forma” statements, where certain “one-time” costs are often...

Joel Greenblatt, the book’s author, is a value investor extraordinaire and a professor at Columbia’s business school. In the book, Greenblatt discusses and justifies the “Magic Formula”, a stock selection...

Joel Greenblatt, the book’s author, is a value investor extraordinaire and a professor at Columbia’s business school. In the book, Greenblatt discusses and justifies the “Magic Formula”, a stock selection...

In a previous post, we discussed how as a result of circumstance, companies can go through tough times and good times that don’t correspond with the economic cycle. Companies that had difficulties turning a profit in the...

Investors will often look at the P/E ratio of the S&P 500 in order to gauge how expensive stocks are. Earnings, the denominator of that equation, are quite volatile, however. In a year like this one, where massive...

Margin debt on the NYSE can be a useful indicator of how Mr. Market is feeling. If optimism is high, people tend to borrow more to buy stocks. Previously, we’ve seen how margin debt through the last recession fell mightily...

Many participants in the stock market base their buy and sell decisions on attempts to time the market. The idea is to buy into the market just before prices rise, and sell before they decline. Many studies have shown that it is...