Apologies for the delay in sending out this month’s letter. My goals is to always get it out in the first week of the month, however I’ve been extremely busy on a number of items. One of these directly affects you, my readers. This is the revamp of the website. Special thanks to FatAlpha follower Christina for her amazing website design feedback. Check it out at … [Read more...]
Archives for May 2015
Buyer Beware: Your Screen Could Be Working Against You
Summary Use of model/screens can be helpful but have both advantages and disadvantages. Some of the disadvantages are: incorrect data, value traps, falling knives, high concentrations, etc. An important but ignored problem is that of incorrect data. Even Bloomberg gets it wrong! Examples from author's personal experiences highlight the issues investors should keep … [Read more...]
Mohnish Pabrai
Mohnish Pabrai is a value investor who has said that he has copied Warren Buffett's approach and has used it to huge success. In this post you can find interviews and videos featuring him. … [Read more...]
Reducing position in Xerox
Yesterday I reduced position in the stock at $11.25. This reduction was done to reduce the risk of a potential value trap. The stock remains cheap and the company could have a bright future under an activist or if taken over by another company. Current management is disappointing to say the least. Despite poor performance, they continue to receive fat bonuses as I … [Read more...]
