While not a book directly related to value investing, it is a must read by anyone wishing to succeed financially in life. The short stories have many lessons to teach and will leave you in awe as its simple teachings remain true, despite it being written almost 100 years ago! … [Read more...]
Quantitative Strategies for Achieving Alpha
Tortoriello provides its own twist via numerous two-factor models that prioritize the first factor before moving on to the second. Furthermore, the author discusses the logic behind his tests and ratios and provides excellent guidelines for investors. There are also ratios tested (eg. CAPEX/Net PPE) not seen elsewhere. … [Read more...]
Contrarian Investment Strategies
Dreman was a pinioneer as started publishing his research findings from the late 70s. While a heavier read than Tortoriello, he provides additional proof on the merit of value investing. Personal favourite is the analysis on earnings surprises and the stock reaction on high and low multiple equities. … [Read more...]
Value Investing: Tools and Techniques for Intelligent Investment
An investment classic. The book is a collection of articles by James Montier. It is broken into sections and discusses a range of topics. It starts with an attack on beta, CAPM and DCF before going into value investing. Montier provides evidence and makes a strong case for his beliefs. There is a lot to think about as he goes in depth on his answers. Thought provoking and a … [Read more...]
Benjamin Graham’s Mr. Market
In Chapter 8 of the classic “The Intelligent Investor” Benjamin Graham tells us the parable of Mr. Market. This has been cited by numerous authors as its simplicity is true brilliance. Below is a quote from Joel Greenblatt’s best seller “The Little Book that Still Beats the Market”. I chose to quote Greenblatt rather than Graham as I believe readers will better enjoy … [Read more...]
SuperInvestors’ Videos
Under each SuperInvestor, I've posted a lot of videos. Click on the investor below that interests you. Over time I will post more videos and cover more investors. … [Read more...]
Newsletter – February 2016
FatAlpha’s performance in February was mainly affected by one of it’s largest positions: Trinity Industries. I had reduced the position some time ago, however I became more bullish on the stock following the Q3 results and conference call in October. This was a company that had double-digit earnings growth, beating expectations, its own guidance and trading at a single digit … [Read more...]
