Author: Saj Karsan

Many value investors are extolling the virtues of Rocky Mountain Chocolate Factory (RMCF), and with good reason. The stock has a P/E of 8, while the company has almost no debt and has managed to stay profitable throughout this...

Klarman introduces what he calls the three central elements to a value investing philosophy:1) A “bottom-up” strategy2) Absolute (as opposed to relative) performance3) A risk averse approachBottom-Up InvestingIn...

This chapter is dedicated to describing the philosophy of value investing and why it works. The terms used to describe value investing don’t require any accounting or finance background, making this an easy read for...

Many an investor prays for the ability to pick stocks like Warren Buffett, who owns significant stakes in Coke, GEICO, American Express and other outstanding companies. Perhaps by seeing what he does, we can get a clue as to...

For all intents and purposes, AM Castle (CAS) is a volatile stock. The stock is down 70% in the last year, but is also up 100% in the last two months. It is not unusual for this stock’s value to fluctuate by more than 5%...

When the returns of various funds, fund managers, or ETFs are bandied about, the discussion is usually centered around pretax rates of return. While this measure makes sense for retirement accounts, pensions, charities and...

What makes capitalism work is competition among firms. Firms that can deliver value replace firms that can’t, resulting in increases in worker productivity, which is the basis for increases in our standard of living. But...