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...]
Newsletter – March 2015
“High debt levels, whether in the public or private sector, have historically placed a drag on growth and raised the risk of financial crisis that spark deep economic recessions.” - The McKinsey Institute March was an outstanding month for the strategy as the portfolio closed up 1.8% vs -1.7% for the S&P 500. For the quarter, FatAlpha is up 6.5% vs 0.4% for the … [Read more...]
How the Stock Market Works (1952)
An old but classic and helpful video on how the stock market works. Simple but effective! … [Read more...]
American Association of Individual Investors
So far this year this section has reviewed a book and a newsletter. To add variety I’ve decided to add a website review this month. The website is the Association of American Investors (www.aaii.com). AAII is probably most known for its Sentiment Survey. AAII polls its over 160,000 members on a weekly basis via e-mail. Members are asked if they are bullish, neutral or … [Read more...]
Newsletter – February 2015
“Garbage In, Garbage Out” “On two occasions I have been asked, "Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?" ... I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a question.” - Charles Babbage, Passages from the Life of a Philosopher “Somebody reminded me the other night that I … [Read more...]
Projections Point To An Overvalued Stock Despite The Tasty London Burger
Summary Company beat expectations but sales outlook in-line with low same store sales. Investors may be facing a 0% return for the next 5 years based on management store growth. Friends in London were not familiar with the brand. Tasty burger priced between McDonald's and a slightly better bar/restaurant place. There has been a lot of hype around Shake Shack … [Read more...]
