Tom Bradley is a founder of Steadyhand, a different kind of mutual fund company that focuses on low-fee, low-turnover portfolios where managers are encouraged to seek value wherever it can be found. Bradley summarizes his...
Read MoreTom Bradley is a founder of Steadyhand, a different kind of mutual fund company that focuses on low-fee, low-turnover portfolios where managers are encouraged to seek value wherever it can be found. Bradley summarizes his...
Read MoreDaniel Nevins is a managing director at SEI Investments. Not unlike Charlie Munger (whose discussion of human tendencies we have summarized), Nevins is a student of human biases which cause individuals to underperform as...
Read MoreAs investors, we often take a company’s cash and short-term securities for granted. Accounts receivable may be written down (who knows if all customers will pay, especially that major one!), inventories may not be worth...
Read MoreA few weeks ago, I wrote about the value potential (and risks involved) of investing in Perceptron, a producer of measurement and inspection products. Its CFO, Jack Lowry, has responded to the article. In the original article, I...
Read MoreAmbassadors Group (EPAX) looks like a value stock, but with deteriorating fundamentals. A value investor appears interested in making some changes at the company, which could interest some catalyst investors. Ambassadors Group...
Read MoreValue investors should stay away from IPOs for a plethora of reasons. Rarely are those reasons so well exemplified as they were in the case of Groupon’s IPO, which occurred about two weeks ago. Groupon is the well-known...
Read MoreInvestors rely heavily on the financials that companies release. But managements have significant leeway when it comes to creating its results. In this book, Thornton O’Glove tells investors how to judge the quality of a...
Read MoreInvestors rely heavily on the financials that companies release. But managements have significant leeway when it comes to creating its results. In this book, Thornton O’Glove tells investors how to judge the quality of a...
Read MoreValue investors, myself included, tend to prefer financials to “stories” about why a stock should outperform. But good financials are often the result of policies instituted by management that are not as easy to...
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