General Thoughts

Long-term Thinking and Back to Basics

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When markets are tumbling, it’s time to get excited about stocks. This is often talked about, but rarely practiced. J. Paul Getty once said the key to getting rich is simple: “Buy when everyone else is selling and hold when everyone else is buying”. For the value investing community, Buffett’s famous “Be greedy when others are fearful” basically is the same gist. Commonly referenced and preached, but far less often practiced. I am lucky to have a great client base at […]

Charlie Munger

Being Cheap, Best of Munger, a Rare Bezos Interview, and Other Links

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I was catching up on some links and articles this weekend. Sometimes, things that are interesting but not time sensitive get pushed to the back burner. In these cases, I sometimes create a file filled with things that I’d like to read and the early morning Saturday hours are sometimes a good time to catch up on these things. Anyhow, here are some things I’ve read recently that I read that I thought readers might be interested in taking a […]

Education

Memorial Day Weekend Reading

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I’ll continue the discussion on compounders and the importance of ROIC next week. I have a few thoughts I’d like to discuss on that subject in the next few weeks. In the meantime, I thought I’d share just a few links to some good reading material. Memorial Day here in the US always marks the beginning of summer for me, and I always have a long list of reading material ready for summer. This is not a comprehensive summer reading […]

General Thoughts

Idea Generation: Reading vs Screens

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I thought I’d write down some quick notes regarding my investment process today… This is a topic I write and think about a lot. Having a defined investment process is essential to staying focused and being able to methodically generate long term investment results. Buffett Reads, He Doesn’t Screen I read a lot about the Berkshire meeting last weekend, and I have a few friends that attended (I’m anxiously awaiting their first hand accounts). At the meeting, Buffett discussed how […]

Books

Mohnish Pabrai: Here’s Why Buffett Bought Coke (KO) in 1987

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I was reading a passage from Mohnish Pabrai‘s book Mosaic: Perspectives on Investing. I love reading Pabrai’s thoughts and ideas whenever I can. He’s one of the greatest investors of the last 15 years, establishing a track record that has significantly outperformed the S&P 500, including a remarkable run from 1999-2007 when he averaged around 30% per year. One reason I like Pabrai is because he uses simple logic to explain his investment process. We’re big fans of simplicity here […]

Get Better by Reading

Thoughts on Investment Process & Shareholder Letters to Read

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In the last week or so, I’ve written a couple posts on my investment process. One post discussed where I look for ideas and the tools I use, and the other briefly discussed my investment routine. Feel free to read those posts for more of my thoughts on my process, but here is a quick summary of the places I look on a daily/weekly/monthly basis for investment ideas: Value Line Wall Street Journal Investment Blogs Screeners New Low List Value […]

Get Better by Reading

Get Better by Reading-2/6/13 Links

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On my Outlook task list is a recurring task that pops up each weekday that says “Get Better by Reading”. One of my objectives each day is to make a point to read something that will help me improve my investment skill. I try to find practical things to read that are focused on specific ideas, investment methods/strategies, general value investing concepts, or profiles of investors I follow. Occasionally I’ll post links that I find valuable enough to share: Lane […]

Get Better by Reading

Get Better by Reading-12/5/12 Links

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On my Outlook task list is a recurring task that pops up each weekday that says “Get Better by Reading”. One of my objectives each day is to make a point to read something that will help me improve my investment skill. I try to find practical things to read that are focused on specific ideas, investment methods/strategies, general value investing concepts, or profiles of investors I follow. Occasionally I’ll post links that I find valuable enough to share: Market […]

Get Better by Reading

Get Better by Reading-11/30/12 Links

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On my Outlook task list is a recurring task that pops up each weekday that says “Get Better by Reading”. One of my objectives each day is to make a point to read something that will help me improve my investment skill. I try to find practical things to read that are focused on specific ideas, investment methods/strategies, general value investing concepts, or profiles of investors I follow. Occasionally I’ll post links that I find valuable enough to share: Warren […]