Welcome to the 23rd Edition of Value Investor Digest In this edition, we feature a Business Insider summary of a recent Baupost letter, a summary of Guy Spier’s approach to using checklists, a video of Tom Russo’s talk at Google on “Global Value Investing”, a ValueWalk article on Pzena Asset
Digest
Welcome to the 22nd edition of Value Investor Digest. In this edition, we feature the latest memo from Howard Marks: “It’s Not Easy”, a John Authers piece on the rise of indexes in recent decades, and another FT article by John Plender on the tough choices Pension Fund Trustees have with their Value Managers
Volkswagen, Oracle, Lonmin Top Value Managers’ Picks Jonathan Buck, Europe Editor at Barron’s attended the London Value Investor Conference this year and has written an article which features some of the investment ideas presented at the conference. These include Davide Campari-Milano, Regus, Volkswagen, Lonmin and Oracle.
Howard Marks interviews Joel Greenblatt Joel Greenblatt and Howard Marks are both graduates of Wharton, Marks mentioned in the interview that there was an unusual cluster of successful investors from Wharton at the end of the 1970s – and they should investigate “what was in the water at the time”.
Boyar Research reports Boyar research, who has been providing independent research since 1975 is a sponsor of this year’s London Value Investor Conference. Boyar has generously agreed to provide VID readers with complimentary research reports. Please click on this link to download a complimentary report. One of the free reports
Neil Woodford interview London Value Investor Conference speaker Neil Woodford was interviewed by Killik & Co last week, in this video he discusses the approach of his new fund.
“The Security I Like Best”: Warren Buffett’s article on GEICO from 1951 In December 1951, Warren Buffett wrote this article for The Commercial and Financial Chronicle titled “The Security I like Best”; that security was GEICO. In this article, Buffett set out the virtues of GEICO and his view that at 8
Howard Marks’ Latest Memo This latest memo discusses the role of luck, both in life and in investing. Howard discusses numerous examples of where favourable circumstances in conjunction with hard work have led to success. He uses examples of Buffett and others, as well as considering the circumstances of his
Warren Buffett on the irreversible nature of pension plan promises This is a wonderful memo written by Buffett in 1975 to the Washington Post Chief Executive Katharine Graham with advice on the pension plan (which is now one of the few with a surplus). It captures much of Buffett’s often
Michael Price at the London Value Investor Conference Michael Price is less well known in the UK but is very well known in the US Value investing community. He started his career in 1975 as a research assistant at Heine Securities later known as Mutual Shares, by 1988 Michael was
