Author: Saj Karsan

It’s common to hear that the housing industry is in a depression, and that this type of collapse is unprecedented in American history. When one looks at house prices, which we did here, one can see why. There was a huge...

When calculating a company’s P/E or projecting a company’s earnings power, rather than using a company’s current earnings, value investors prefer to use average earnings from several years past. Ben Graham has...

Though 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...

Joel Greenblatt, the book’s author, is a value investor extraordinaire and a professor at Columbia’s business school. In the book, Greenblatt discusses and justifies the “Magic Formula”, a stock selection...

A company that makes for a good investment for one value investor does necessarily make for a good investment for another value investor. How can this be? A company may appear cheap on an earnings or asset basis, but future...

Though he studied under Ben Graham and has adopted many of Graham’s investing principles, the world’s greatest investor is not your typical value investor. He speaks of margins of safety and of buying companies at...

As the market has risen throughout most of this year, many market observers have noted that P/E values are looking rather inflated from a historical standpoint. But of course, earnings are lower than usual this year due to...

Contrary to popular belief, increases in aggregate spending (e.g. consumer spending) is not what leads us to a higher standard of living. Nevertheless, both in good times and bad, consumer spending is the gauge the media focuses...