Some of our regular readers may have noticed that this site recently celebrated its first birthday! We’d like to thank all our readers for making it a success. This is hopefully only the beginning of the value investing...
Read MoreDuring recessions, with this one being no exception, value investors usually rejoice at the opportunity to purchase stocks at discounts to their net current asset values. That is, stocks that trade for less than their current...
Read MoreAll too often, the media is concerned with a company’s absolute profit level in determining how successful a company is. However, what’s more important is the company’s return on its invested capital, since...
Read MoreOne of the most important risks facing a company is that demand for its products will drop. That risk is lessened if the company has a wide assortment of products that it sells to a large number of customers. Conversely, if...
Read MoreCharlie Munger is Warren Buffett’s right hand man at Berkshire Hathaway. Over the next few weekends, we’ll be summarizing the text he authored titled “The Psychology Of Human Misjudgement”, where he...
Read MoreCharlie Munger is Warren Buffett’s right hand man at Berkshire Hathaway. Over the next few weekends, we’ll be summarizing the text he authored titled “The Psychology Of Human Misjudgement”, where he...
Read MoreGoogle Finance is easy to use and provides useful glancing information across a vast plethora of individual stocks. Unfortunately, that’s where its utility ends. As we’ve discussed before, it contains a great number...
Read MoreFortress Paper (FTP) is not your average paper company. While many paper companies struggle with volatile pricing (thanks to the fact that paper is generally a commodity product), shrinking demand, and industry overcapacity,...
Read MoreMuch has been made of the $100 million salary of Chesapeake Energy (CHK) CEO Aubrey McClendon in 2008. This salary would be high even for a company providing phenomenal returns for its shareholders, but is particularly shocking...
Read MoreWhen sales drop, businesses respond by reducing their inventory levels, causing their suppliers’ outputs to be cut. This reduced output level is what is measured by the government-released GDP data. As we’ve...
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