Author: Saj Karsan

Value investor Joel Greenblatt takes the reader through a number of categories of investing examples where market inefficiencies exist. This book has numerous case studies, giving the investor a chance to learn and then apply...

Tim McElvaine is a value investor based out of Vancouver (incidentally, that’s where I am based as well) who manages about $300 million. Recently, he spoke at the Richard Ivey School of Business (incidentally, that’s...

In his book (summarized here), Mohnish Pabrai describes the investment philosophy of value investors as follows: “Heads I win, Tails I don’t lose much.” Recognizing that it is very difficult to predict the...

It’s important to remember that what a company is worth is not based on its future earnings, but rather its future cash flow. Earnings are often a decent, smoothed-out version of cash flow, and therefore valuations based...

We spend a lot of time reading forecasts. The financial news media is rife with new articles every day that take a position on the near-term future of inflation, interest rates, and stock prices. But are these forecasts of any...

Deswell Industries (DSWL) manufactures plastic, metal and electronic components for equipment manufacturers. As one might expect, business has slowed as a result of the recession. Revenues fell almost 40% in 2010, but they have...

Value investor Joel Greenblatt takes the reader through a number of categories of investing examples where market inefficiencies exist. This book has numerous case studies, giving the investor a chance to learn and then apply...

Value investor Joel Greenblatt takes the reader through a number of categories of investing examples where market inefficiencies exist. This book has numerous case studies, giving the investor a chance to learn and then apply...

Prior to the recession, a lot of reckless loans were made. And while a lot of loans that were secured against real estate lost a lot of value, they usually didn’t become worthless. But sometimes the market treats them as...