Tag Archives: Margin of Safety

The Equity Market Annual Return Histogram Updated for 2012

Better late than never. I have updated the equity market annual return histogram for the 16.00% total return generated by the S&P 500 index in 2012. As Michael Mauboussin says, when understanding an investment idea, we should try take an outsider’s … Continue reading

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RIP, Robert A. Haugen

Robert A. Haugen passed away Sunday, January 6, 2013 and I did not discover that until now. Haugen is perhaps best known for his book The New Finance in which he summarized important academic studies that proved that markets were … Continue reading

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Jason Zweig Interviews Jean-Marie Eveillard

Jason is correct that many investors who place their capital with value investing firms will not stay with the firm long enough through multiple cycles in order to capture the value premium. Paradoxically, that is part of the reason that … Continue reading

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Patience, but the Willingness to Act Decisively when Opportunities Arise…

..these are the keys to investment success, not throwing capital at 500 companies merely because those companies are in somebody’s index… Continue reading

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Jason Zweig on Irving Kahn, 107 Year OId Value Investor

The former Ben Graham employee is still kicking, but has half of his money in cash. “He reads voraciously every day…especially about science.” Man after my heart. “Individual investors who avoid ‘doing things you know too little about’ still stand … Continue reading

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GreatInvestors.TV – Value Investing Video of the Day – Simon Caufield

I met Simon Caufield at the 2011 CFA Institute (CFAI) Annual Conference in Edinburgh. The CFAI was experimenting with a social media app for the conference and asked Annual Conference Advisory Board members to “seed” discussions on the app. My … Continue reading

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Warren Buffett Cautions Gold Bugs in His 2011 Annual Letter Out Today

The whole letter can be found in the Berkshire Hathaway link to the right. …The second major category of investments involves assets that will never produce anything, but that are purchased in the buyer’s hope that someone else – who … Continue reading

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Ed Anderson, Another Superinvestor, Passed Away this Month

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 … Continue reading

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Three Resources Added to the Value Investing Resources Page

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 … Continue reading

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RIP, Walter Schloss, a “Superinvestor” Identified in the Tab Above

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 … Continue reading

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