Recent content by switesh

Wanted to keep my posts/notes in one thread rather than scatter them, so following on from my post on 'investors who practise deep value investing' Spent last week studying Mohnish Pabrai (notes from most of his partnership letters and quite a few case studies). Currently studying Peter...

Just got back from the Berkshire Hathaway AGM. Omaha is great place to be, and the AGM is something of a fantasty heaven for investors. I was queued up from 3 am outside the CenturyLink Center chatting with people that had come from various parts of the globe until 7 am when the gates opened...

On my recent reading spree have been two investors who practise deep value investing: Francis Chou - Letters of the Manager - Chou Jeroen Bos - Deep Value Investing: Finding bargain shares with big potential I've also watched all of Francis Chou's videos from...

Have just finished reading the annual letters of Francis Chou (Chou Associates Management). I find his investing approach (which is similar to Ben Graham's & early Buffett type), attitude, and personality quite attractive. Speaks in plain simple language with an encouraging tone, shares his...

Just added something else as part of my analysis approach in addition to 10k's and AR's. It's the earnings call transcript from Seeking Alpha (they're free to read and quite handy for smaller less covered companies). I didn't read it so much for earnings update or anything of that sort (I'm long...

Re: Asking for annual reports from IR relations Speaking of Russia reminds me of this hilarious anecdote I read on pg 241 of 'The Manual of Ideas': "We recall an anecdote told by a value investor who had met with a Russian management team at their headquarters. The investor quizzed them...

Have been through a fair amount of Annual Reports (AUS companies) and 10k filings (US companies) - my eyes are burning as hell. I read some of them on my e-ink reader but I can't read much without wanting to make notes and hence back on the computer. Anyhow, one thing I found handy is to type...

Yeah I was aware of 'Distant Force'. I have it in my reading pipeline (which is packed until end of march so won't be reading this book until then). But didn't know it contained the letters as well, so thanks for pointing that out luutzu. Also, thought I might mention Austin Donnelly here. A...

Have recently finished reading Letters from a Self-Made Merchant to His Son. Packed with timeless business wisdom. Surprised it's not mentioned in business/investing circles that much. Also, may I ask if anyone's ready Henry Singleton's annual reports / letters to shareholders (during his...

Yeah, that's exactly what I'm after. Thanks for the info, will approach a few libraries and give it a go.

Yeah, Cap IQ is out of limits for most of us that are flying solo. Initially though I used to think access to information like Cap IQ was crucially important. But the last year of experience has taught me that financial statements from Morningstar and Gurufocus is more than enough (as far as...

Perhaps we're over-thinking Intrinsic Value? A few posters correctly pointed out (and I admire that style of thinking): It's a lose estimate (using Ben Graham's illustration of judging by inspection) Emphasising a Margin of Safety is vital Earnings Power, & Intangibles are Important...

I've been using GuruFocus for a while now for AUS companies, and it's great for the most part (because there are few alternatives available for AUS company research), their updates for ASX companies are at times rather slow and out of date. I'm currently reading the Standard and Poors 500...

Currently reading 'Warren Buffett Partnership Letters'. The letter from 1964 is particularly interesting. It explains why the DOW is no pushover as an index of investment achievement. <- Very important to understand It outlines his three main approaches: Generals, or Under-values...

I've just finished going through the 100 or so companies from the yearbook of NSX. Few observations: About 50% (or more) of the companies listed here are subsidiaries (community banks) of Adelaide and Bendigo bank (ASX:BEN) Ill-liquid market (though that is not necessarily a bad thing for a...