The Graham and Doddsville Blog (listed on the right) alerted me to an oversight on my part. Ed Anderson, a co-founder of Tweedy Browne, Graham disciple, and one of the Superinvestors mentioned in Warren Buffett’s Superinvestors of Graham and Doddsville (see tab above), also passed away this month. RIP
http://www.grahamanddoddsville.net/?p=1394
In my search for video of Walter Schloss who passed away yesterday, I came across a terrific series of videos of several value investors giving speeches or in television appearances. The videos are small segments of longer talks and can be found on www.youtube.com. I linked to part I of the series, but continue to hear all five parts posted by 40procent20ar.
My only complaint is… Continue reading
Bloomberg reports that Walter Schloss died yesterday at the age of 95. He is one of the Superinvestors identified by Buffett in his famous speech The Superinvestors of Graham and Doddsville (see the tab above). I had the honor of attending a Columbia University value investing conference that Walter also attending in which David Einhorn was the keynote speaker.
Walter, like Buffett, was an employee of… Continue reading
An excellent short piece on behavioral investing. I would pay particular attention to the boombustology information regarding China and they did not even mention Chinese ghost cities.
Finally, I love that they used a Waterhouse painting (as above) to emphasize these points.
It is rated PG-13. (H/T: Greg Mankiw)… Continue reading
The NYSSA linked to a story in Smart Money that I had to share. It is a story of a fund manager who seeks to buy companies that are trading at a discount to their intrinsic value and that have excellent long-term prospects; in other words, it is another story of an immensely successful value investor who launched his fund prior to the year 2000. The fund manager’s name is Allan Mecham, his fund is Arlington… Continue reading
I have added a new economics blog to the “Other Investing…” blogroll. It is called Vox and it focuses on EU policy issues.
 … Continue reading
At the prompting of the Wall Street Journal’s Jason Zweig through a LinkedIn update, I decided to take a risk literacy test that he discovered. I am proud of my results because I take pride in my risk management skills as a portfolio manager. In the long run, managers who manage risk the best should deliver the greatest alpha. Still, the risk manager in me is very aware… Continue reading
The WSJ published today another excellent Intelligent Investor column by Jason Zweig. Today’s piece was on the lure of high-growth, publicly-traded companies (“Glamour Stocks” as Lakonishok, et al. described them) and the probable investor disappointment with Glamour Stocks’ returns. Today’s example was Facebook. I like how Jason worked in the St. Petersburg Paradox and gave an excellent example of “inverting” the analysis to see if Facebook’s rumored valuation… Continue reading
