General Thoughts

Successful Investing Comes in All Shapes and Sizes

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I’ve been reading through Money Masters of Our Time by John Train. I’m about halfway through the book, which covers 17 great investors with long term performance records including the likes of Buffett, Graham, Soros, Steinhardt, Neff, Robertson, Templeton, Lynch along with a number of others. One of the things I do on a regular basis is read and review books and articles written by or about successful investors such as the ones mentioned above. It’s the best way I […]

Investment Philosophy

Mohnish Pabrai on Patience, Advice from Buffett, and What Ever Happened to Rick Guerin?

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I just came across an interview that the Motley Fool did with Mohnish Pabrai earlier this month. Pabrai is one of my favorite investors to learn from. He is very smart, but he uses simple strategies, simple logic, and common sense ideas, which are main objectives of mine here at Base Hit Investing. Pabrai is well known for being the winning bidder for a charity auction where the winner got to have lunch with Warren Buffett. In this short interview […]

Uncategorized

Simplicity and Efficiency in 2013

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Wanted to write a quick post on some thoughts regarding simplifying my investment routine and becoming more efficient… I took a few weeks off from posting over Christmas and New Years to finalize some goals and business plans for the upcoming year. I’m going to continue writing down ideas on this blog going forward. I’ve always felt writing can improve clarity and understanding, and that is a key objective for this blog: to improve investment results. My hope is to […]

Ben Graham

The Best Work Harder Than Everyone Else

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I was just going through my twitter feed and reading a few blog posts that caught my eye while watching the Dallas Cowboys come back to beat the Steelers in overtime in a crucial matchup of 7-6 teams. I came across this post from one of my favorite bloggers Goeff Gannon and in the post, he discusses a very underrated and rarely talked about character trait of Buffett, Graham and some of the greatest investors in history. The secret is […]

Investment Philosophy

Walter Schloss Discusses Investing Concepts and His Investing Approach

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Walter Schloss is arguably my favorite investor to study/read about. I’ve got pages of notes on him in my investment diary and I’ll post more pieces about him as this blog develops. I’m always re-reading his notes as he provides a great road map to methodically building superior investment results, which is what this blog is all about. Here are some of my notes that I was just re-reading from a lecture Schloss did at Columbia Business School back in […]

Investment Philosophy

Buffett: This is What Creates Huge Opportunity

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I was watching an old video of Warren Buffett talking to University of Georgia students from 2001, just after the tech bubble burst. It’s a great video to watch (as are most videos when Buffett is giving a lecture). One of the highlights for me is listening to Buffett discuss his very basic philosophy on value investing and why it works. At around the 50 minute mark of this video, he gets asked this question (paraphrasing): How is the recent […]

General Thoughts

NYSE Yearly Price Data 1825-1915

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I love history and I love stocks, so naturally I’m always interested when I come across something interesting on stock market history. Over the weekend I happened to stumble across an excel file I have saved in my archives that I labeled “NYSE Yearly Data 1825-1915”. As you can infer from the title, this file has all of the yearly closing prices from the New York Stock Exchange from 1825-1915. It is essentially the NYSE average going back nearly 200 […]

Bruce Berkowitz

Investing Quotes-Bruce Berkowitz

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“I think our philosophy makes a lot of sense. We’re doing nothing more than what the wealthiest individuals in the world have done. We act like owners. We focus on very few companies. We try and know what you can know. We try and only buy a few companies which we believe have been built to last in all environments. We recognize that you only need a few good ideas in a lifetime to be fabulously wealthy…. We’re always trying to wonder what […]

General Thoughts

Quick Example of Why “Efficient Market Hypothesis” is Wrong

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The Efficient Market Hypothesis (EMH) has long been a staple among academics and business schools. The basic premise behind EMH is that markets are efficient in the processing of information; meaning that stock prices always reflect all publicly known facts, and as new facts become public knowledge, the market instantly updates this information and the stock price fluctuates accordingly. The EMH implies that there is no possible way (absent of illegal insider information) for an investor to consistently pick a group […]

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 […]