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Author: Saj Karsan

Son Of Same

Last week, we looked at a company where it appeared that the founder’s descendant was destroying the value of the company’s remarkable collection of assets. Unfortunately, this type of occurrence is all too common...

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How To Smell A Rat: Chapter 2

Recessions seem to unearth a great number of financial frauds. But by then it is usually too late, as investors end up losing most if not all of their money. In this book, value investor Ken Fisher (son of Philip Fisher, whom...

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How To Smell A Rat: Chapter 1

Recessions seem to unearth a great number of financial frauds. But by then it is usually too late, as investors end up losing most if not all of their money. In this book, value investor Ken Fisher (son of Philip Fisher, whom...

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Currency and Value Investing

To get the most out of the possibilities offered by value investing, investors should be prepared to buy outside of their home countries. For example, recent turmoil in the Middle East and a natural disaster in Japan have caused...

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S&P Peak Earnings?

One of the main reasons the market has recovered so quickly from its lows during the recession is strong corporate earnings. Market bulls argue that earnings growth should continue to propel the market forward. But what is often...

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Dell Looks Cheap

Dell (DELL) has seen its share of problems over the last several years. Margins declined steadily from 2005 onward (probably not coincidentally, in 2004 new management took over from the company’s founder, Michael Dell) as...

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The Single Point Of Failure

As value investors, we define an investment’s risk by its business risk, not its stock price volatility. As such, we have discussed a number of potential business risks on this site, from customer concentration, to liberal...

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