{"id":1492,"date":"2014-10-19T11:44:24","date_gmt":"2014-10-19T11:44:24","guid":{"rendered":"http:\/\/londonvalueinvestor.com\/?page_id=1492"},"modified":"2019-07-15T10:57:04","modified_gmt":"2019-07-15T09:57:04","slug":"july-2011","status":"publish","type":"page","link":"https:\/\/www.valueinvest.com\/london\/digest\/july-2011\/","title":{"rendered":"July 2011"},"content":{"rendered":"
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July 2011 \u00a0 \u00a0 Issue 4<\/h4>\n

Steve Forbes interviews Joel Greenblatt<\/strong>
\n<\/span>http:\/\/blogs.forbes.com\/steveforbes\/2011\/07\/05\/joel-greenblatt-interview-transcript\/
\n<\/a><\/span>Following his success with \u201cThe Little Book that beats the Market\u201d, Joel Greenblatt is on the interview circuit again, promoting his 3rd book, \u201cThe Big Secret for the Small Investor\u201d. This interview is packed with insight, extolling the virtues of disciplined long-term value investing but also describing how few people have the patience to execute on it. He argues articulately that despite the significant research, which supports the long-term out performance of this style of investment, the opportunity has not been diminished by the market but has expanded on account of institutional bias within the main stream fund management community.<\/p>\n

Transcript of David Einhorn\u2019s Speech at the Ira Sohn Conference<\/span>
\n<\/strong>http:\/\/www.insidermonkey.com\/blog\/2011\/06\/02\/transcript-of-david-einhorns-speech-at-the-ira-sohn-conference
\n<\/a><\/span>David Einhorn discusses the pricarious nature of US finances and provides two long-only tips which includes one of our positions, Microsoft.<\/p>\n

Howard Marks: \u00a0How Quickly They Forget<\/span>
\n<\/strong>http:\/\/oaktreecapital.com\/MemoTree\/How%20Quickly%20They%20Forget%2005_25_11.pdf?
\n<\/a><\/span>Howard Marks is the highly respected CEO of Oaktree Capital and author of the book: \u201cThe Most Important Thing\u201d, which should be on every Value Investor\u2019s reading list. In this letter to his investors, he sets out the psychology of investment which leads people to so quickly forget the lessons, that they think they learn in periods of crises.<\/p>\n

James Montier: A Value Investor\u2019s Perspective on Tail Risk Protection: An Ode to the Joy of Cash<\/strong><\/span>
\nhttp:\/\/myinvestingnotebook.blogspot.co.uk\/2011\/07\/james-montier-value-investors.html<\/a>
\nWarren Buffett first coined the phrase \u201can economic moat\u201d, by which he meant the factors that enable some businesses to sustain and protect above average profits for a long period of time.\u00a0\u00a0 In this Video, Pat Dorsey, the author of \u2018The little book that builds wealth\u2019 sets out his 4 categories of an economic moat. \u00a0I have included a second link, which covers the same content in an article rather than a video.<\/span><\/p>\n

Zeke Ashton:\u00a0 Evolution of a Value Investor: It\u2019s All about the Process<\/span>
\n<\/strong>http:\/\/www.gurufocus.com\/news\/138904\/zeke-ashton-centaur-funds-june-2011-report
\n<\/a><\/span>We really liked this article.\u00a0 Coming from a business background, we found it very natural to establish a well defined process early on to support our investment decision making.\u00a0 In investment management, establishing and implementing a disciplined process avoids the frailty of emotion and provides a platform for learning<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

July 2011 \u00a0 \u00a0 Issue 4 Steve Forbes interviews Joel Greenblatt http:\/\/blogs.forbes.com\/steveforbes\/2011\/07\/05\/joel-greenblatt-interview-transcript\/ Following his success with \u201cThe Little Book that beats the Market\u201d, Joel Greenblatt is on the interview circuit again, promoting his 3rd book, \u201cThe Big Secret for the Small Investor\u201d. This interview is packed with insight, extolling the virtues of disciplined long-term value […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":760,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.valueinvest.com\/london\/wp-json\/wp\/v2\/pages\/1492"}],"collection":[{"href":"https:\/\/www.valueinvest.com\/london\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.valueinvest.com\/london\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.valueinvest.com\/london\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valueinvest.com\/london\/wp-json\/wp\/v2\/comments?post=1492"}],"version-history":[{"count":1,"href":"https:\/\/www.valueinvest.com\/london\/wp-json\/wp\/v2\/pages\/1492\/revisions"}],"predecessor-version":[{"id":1493,"href":"https:\/\/www.valueinvest.com\/london\/wp-json\/wp\/v2\/pages\/1492\/revisions\/1493"}],"up":[{"embeddable":true,"href":"https:\/\/www.valueinvest.com\/london\/wp-json\/wp\/v2\/pages\/760"}],"wp:attachment":[{"href":"https:\/\/www.valueinvest.com\/london\/wp-json\/wp\/v2\/media?parent=1492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}