Investors who regularly update valuations of companies under their study will have noticed increased reported equity for many companies this year. This is not because companies have been particularly profitable, nor is this...
Read MoreIn theory, there is no value created or destroyed as a firm issues a dividend. This is because the shareholder owns a portion of the company’s cash; if he were to receive that cash, it’s as if money is being moved...
Read MoreWarren Buffett has called himself “85% Graham and 15% Fisher”. While the works of Graham are often cited, Fisher’s book “Common Stocks and Uncommon Profits” is not. Here follows a summary of this...
Read MoreWarren Buffett has called himself “85% Graham and 15% Fisher”. While the works of Graham are often cited, Fisher’s book “Common Stocks and Uncommon Profits” is not. Here follows a summary of this...
Read MoreWarren Buffett has called himself “85% Graham and 15% Fisher”. While the works of Graham are often cited, Fisher’s book “Common Stocks and Uncommon Profits” is not. Here follows a summary of this...
Read MoreWarren Buffett has called himself “85% Graham and 15% Fisher”. While the works of Graham are often cited, Fisher’s book “Common Stocks and Uncommon Profits” is not. Here follows a summary of this...
Read MoreAs long-term investors, value investors must take care to invest only in companies with staying power. Cyclical companies are the most vulnerable to failing as a result of economic shocks, but this does not mean value investors...
Read MoreCompanies with strong ROIC and strong ROE numbers may have competitive advantages. On the other hand, there could be many reasons for high returns, which could trick the investor into believing a competitive advantage is...
Read MoreThe need for investors to ensure that management incentives are aligned with those of shareholders is a topic that is often discussed, including on this site. But an equally troublesome incentive structure, though rarer, is that...
Read MoreThough not exactly a book related to value investing, this oft-cited work of Princeton economist Burton Malkiel discusses many important features of stock market investing. An understanding of its prime contentions is useful for...
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