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Friday, 21 June 2013

Graham and Dodd provide a template for investing

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Zweig: The first question I would like to ask you, Seth, concerns your work at Baupost. How have you followed Graham and Dodd, and how ha...

Do you regard commodities as investments? If an asset’s value is totally dependent on the amount a future buyer might pay, then its purchase is speculation.

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Zweig: In your book,  Margin of Safety , you  said as a general rule that commodities, with the  possible exception of gold, are not inve...

Our goal is to do everything to protect client purchasing power

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Zweig: How are you protecting your clients against unanticipated inflation and a decline in the dollar? Klarman: Our goal is not n...

Price is the essential determinant in every investment equation.

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Zweig: How does Baupost define a value  company, and what is your average holding period? Klarman: With the exception of an arbitr...

Investors need to pick their poison.

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Investors need to pick their poison:  Either make more money when times are good and have a really ugly year every so often, or protect on t...
Thursday, 20 June 2013

Warren Buffett on Phil Fisher

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http://investinginknowledge.com/info/2010/10/warren-buffett-on-phil-fisher/

Confessions of a bargain hunter (Seth Klarman)

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June 23, 2012 By Nathan Bell Read more: http://www.smh.com.au/money/confessions-of-a-bargain-hunter-20120622-20tap.html#ixzz1ypcBDriW In...

The Legacy of Benjamin Graham

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The below video provides video footage from his Columbia College, Security Analysis course. Enjoy @ 8 min Benjamin Graham vs Buffett ...

Stock valuation. Why does the value of a share of stocks depend on dividends?

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Does the value of stocks depend on dividends or earnings? Management determines its dividend policy by evaluating many factors, including:...
Wednesday, 19 June 2013

Defining Value Investing in ONE sentence

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Value investing consists of analyzing businesses within one's circle of competence to find those whose return on incremental capital is...

Growth or the lack of it, is integral to a valuation exercise

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The value of a business, a share of stock or any other productive asset is the present value of its future cash flows. However, value is ...
Tuesday, 18 June 2013

So how would you value the REIT's business?

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1. Book Value The book value or net asset may not also fully value the REIT as a business operating to maximise the stream of rental and ot...

Be rational, stay focus on the business of the company and not its share price

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What Kills the Amateurs Nothing is more fatal to amateur investors than thinking that a stock trading near a 52-week low is a good buy. Th...
Sunday, 16 June 2013

Berkshire Hathaway's Shareholdings

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No. Shareholder Name Share Held Shares Held (%) Company Name Exchange 1 Berkshire Hathaway Inc. 0 0 Bank of America Corporation NYSE 2...