Author: Saj Karsan

It is important for value investors to understand the cyclical nature of the economy so that they can make objective investment decisions at all times, rather than fall prey to the psychological biases that overcome the market...

A couple of weeks ago, we looked at a company which operated two segments going in very different directions. Summed together, the segments (and as a result, the company) were just breaking even, but the thinking was that if the...

Many finance professionals believe the stock market is basically efficient. That is, prices of stocks are fairly priced, and therefore the only way to generate higher returns is by taking more risks. This group also believes...

Value investors are always looking for inefficiently priced stocks. Such stocks are often found among smaller cap issues, since these securities are not worth the time and the effort of analysts and institutions catering to...

In the next few weeks, we’ll be doing a chapter-by-chapter run-down of Seth Klarman’s sought after book, Margin Of Safety. We’ve discussed Klarman on the site before, as he has consistently demonstrated an...

If you’ve enjoyed some of the value investing book summaries we have featured on this site, you may also enjoy a summary of The Snowball: Warren Buffett And The Business Of Life, the only biography of Buffett that he has...

In the last few weeks we’ve had a chapter-by-chapter look at this book. Today we finish at the start, by examining the foreword by Steve Forbes.Vahan Janjigian’s book about Warren Buffett is advertised as neither a...

Value investors tend to be net buyers of securities when Mr. Market’s risk appetite is low, and tend to hold cash when Mr. Market is in a gambling mood. This process does not take place as a result of these investors...