Money and Finance
From Brandes on Value:
- Links
Mark Zuckerberg's latest book club book is also a Charlie Munger recommendation, Genome: The Autobiography of a Species in 23 Chapters (LINK) Charles Brandes and the orthodoxy of value investing (LINK) Related book: Brandes on ValueBruce...
- Investing And Speculation...
From Brandes on Value: Benjamin Graham addressed the differences between investing and speculation on the very first page of his book The Intelligent Investor: “An investment operation is one which, upon thorough analysis, promises safety of principal...
- Charles Brandes Quote
From Brandes on Value: However, when it comes to future earnings growth, it is extremely difficult to project it with a high degree of confidence. Additionally, the farther out the prediction, the more likely it is that it’s going to be off-target....
- Discounts Are The Building Blocks Of Value...
From Brandes on Value: Often, it takes a great deal of conviction to stick to value investment disciplines, especially when a company’s stock price declines while you own it. For those who focus only on price, share price declines can be devastating...
- Links
James Montier interview (LINK) One shouldn’t dwell too much on the semantics of a bubble. We at GMO define bubbles as a two standard deviation move away from the long term trend. And we are not quite there yet. We’d need another 10 to 15%. But let’s...
Money and Finance
Charles Brandes quote
From Brandes on Value:
Investing should be grounded in basic fundamentals. If you rely on speculation, it will fail you every time. Reliance on fundamentals means looking past the hype and right into the heart and soul of a company. This will get you a lot further down the road to your goals, or at least give you more than a fighting chance when the market takes a swing at you.
- Links
Mark Zuckerberg's latest book club book is also a Charlie Munger recommendation, Genome: The Autobiography of a Species in 23 Chapters (LINK) Charles Brandes and the orthodoxy of value investing (LINK) Related book: Brandes on ValueBruce...
- Investing And Speculation...
From Brandes on Value: Benjamin Graham addressed the differences between investing and speculation on the very first page of his book The Intelligent Investor: “An investment operation is one which, upon thorough analysis, promises safety of principal...
- Charles Brandes Quote
From Brandes on Value: However, when it comes to future earnings growth, it is extremely difficult to project it with a high degree of confidence. Additionally, the farther out the prediction, the more likely it is that it’s going to be off-target....
- Discounts Are The Building Blocks Of Value...
From Brandes on Value: Often, it takes a great deal of conviction to stick to value investment disciplines, especially when a company’s stock price declines while you own it. For those who focus only on price, share price declines can be devastating...
- Links
James Montier interview (LINK) One shouldn’t dwell too much on the semantics of a bubble. We at GMO define bubbles as a two standard deviation move away from the long term trend. And we are not quite there yet. We’d need another 10 to 15%. But let’s...