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Value Investor Group on WSO
Hey everyone, I was hoping to network with any value-oriented investors on this site. My goal is to gather a bunch of investors together and bounce ideas off one another. If the group is successful and grows close, I would also like to start a fund some years down the road. I want this to be a very...
Greek Banks?
I am thinking about making a small move into Greek Banks. Looking at BPIRY. Seems like a Grexit is unlikely and that the few remaining big banks are primed for a rebound once the current situation calms down with the new socialist party in control. Curious to hear any of your thoughts on this.
Value investment firms in Europe
Which ones have you come across? Referring to investing (public), not flipping paper after 2 working days. Thank you
Best Books to Help Your Investing Skills
Hello all, this was my first post (mod just now added to frontpage) so go easy on me. And full disclosure, none of these books is a silver bullet, just a good arrow to have in your quiver. If you're investing others' money, there's no substitute for prudence, good judgment, and wisdom, no matter...
Manual of ideas--John Mihaljevic?
Hi everyone, I was just wondering if any of you who works in value investing reads/subscribes to John Mihaljevic's manual of ideas publication? How is it? Is it good? Any comments would be really appreciated! Thanks!
Capitalizing on the swiss franc cap axing
I came on WSO today looking for some good discussion about the SNB's decision to abandon the cap, but I am surprised to find almost none. I'd love to hear stories from those of you affected by it, but also it'd be great to get some insight from anyone planning to make a quick buck. I'm going to wait...
Accepted at CBS, pursuing a career in Value Investing
I have been reading this board for a while now, particularly the “break into HF from XYZ” threads. I thought I would share my own story, although I am still working towards my goal. I currently work in accounting advisory/consulting, mainly helping companies with financial restatements and...
New Member Asking For Career Advice
Here is some background of myself. I'm about to graduate from a non-target school, double majoring in mathematics and economics with 3.4 GPA. Due to working part-time by managing my parents' business, I wasn't able to obtain any internships. So I have no finance work experience whatsoever except for...
Value Investing 101 (how to value a company)
This post isn't for most readers, drop back in a day or two, there will be an interesting bank profiled. I have had a number of emails recently from readers asking some basic value investing questions, and I thought I might put a simple resource out there for beginning investors to refer to. What is...
Many a slip between the cup & the lip: From forward value to value per share today
Valuing young, growth companies is never easy to do but it is well worth doing, partly because it forces you think through the business that the firm is in and what it is doing (or needs to do) to succeed. I know that many of you disagreed with my assumptions on the Tesla valuation and this post is...
Equity Research Value Investing
I'm currently a student in college and am extremely interested in equity research, but also have a fondness for value investing. I've read and continue to read many books on the subject. For most Equity Research positions on the buy-side, would taking this mindset into an interview be a hindrance?...
One Up on Wall Street
Hey everyone, thanks again for all the help and advice I've got on WSO . I have to read Peter Lynch's One Up on Wall Street and was wondering if anyone could PM me a pdf, thanks so much?
Way to find company presentations for stock ideas
I was reading the Dow Chemical deck released around 12/4/13 about their strategic plans, which I had found randomly drifting around on the internet through someone's blog post. It occurred to me that finding actual presentations such as that one for companies making big changes would be a very good...
Hedge Fund Guru Answering Inbox Questions Here. Thanks Mr. Pink Money
Some of these messages are very old but I'm going to answer them anyway b/c I’m in a helpful mood. Question: How would I know what the career path for [this particular hedge fund]? Every fund has their own "career path"...it just depends what the founder thinks. Some give a shit and want to...
A Year Ago, Some Of The Top Investors In The World Gave Out Their Best Stock Picks — Here's How They Did
The highly-anticipated Value Investing Congress, a two-day event where top hedge fund stars present their best investment ideas, kicks off next Monday in Manhattan. Clusterstock will be there keeping you up to date with all the latest news and trade ideas coming from the conference. In the meantime,...
little reading list for inspired "bottom-up" investors
This post is for inspired investors. I sincerely hope it serves as a good starting point for at least one person out there. Note: I don't think it is necessary to read books in their entirety, just go as far as you are excited about what you are reading. If necessary it is better to get back later...
David Einhorn on ROE
Most people here have probably heard of David Einhorn , the infamous hedge fund manager who shorted Lehman Brothers. But to most other people who don’t know what a hedge fund is, I’d say that he’s an investor. Everyone knows what an investor is; people who make money buying stocks are...
Tiger Cubs
I wanted to ping the WSO community and see if there are any users here that are analysts in the Tiger Cub network and would offer some insights. I work for a L/S fund with a value focus and our analysts have very little interaction with other funds. We spend essentially all of our time in SEC...
Activist Value Investing: Be Your Own "Change" Agent
My last two posts looked at two strains of value investing. In the first, passive screening , you look for mismatched companies that trade at low prices, while not being burdened with high risk, low growth or low quality growth. In the second,
Where to Start When Analyzing Multinational Stocks
Hi all, I hope this isn't a complete noob question, but I'm trying to learn more about fundamental analysis and I think what I'm realizing is that I have trouble figuring out what to focus on when analyzing stocks. This is particularly bad when I try to analyze large, multinational companies, but...
If Not DCFs, Then What is Used?
Hi, I apologize if this is a stupid/noob question, but one thing that I found interesting is that a lot of hedge fund and even Equity Research Analysts that I spoke with (which admittedly isn't a ton) said that they barely use DCFs when figuring out if something is undervalued. One analyst even went...
How long should it take to analyze a company for investment decisions
For HF that adopts variety of fundamental approach to investing, studying/analyzing a company is often a must. My question is how long does it usually take for hedge fund (like Greenlight Capital) to analyze a company to arrive at a investment decision?
Are there any Chart-ists out there?
I saw an article on b-berg about the market bump after the so called "fiscal cliff deal" was passed. They were wondering if the nearly 2% raise yesterday was a "dead cat bump." I remember from reading Random Walk, that this was a term coined by chartists. I then remembered the book tearing appart...
Is every speaker at VIC a BSD?
VIC = Value Investor Congress Trying to do some additional research on a BS job I'm applying for with a PM who has spoken at VIC. How prestigious is this? I know the top brass speaks there but I don't want to extrapolate based on that fact alone.
Technology and investment?
Here is my predicament: I'm a college freshmen with a passion for investment and engineering. However, I have no interest in becoming a venture capitalist. I enjoy solving complex and multifaceted problems. I'm thinking about majoring in economics and minoring in mathematics. In addition to my...
Fooling some of the people
Alright, I know this is pretty "late", but I just finished reading Einhorn's book and I'm pretty pissed off at ALD and the respective regulators. Did anyone else who read the book feel this way? Or am I being naive... Is this kind of fraudulent behavior common? I'm contemplating putting a picture of...
27-Year-Old Analyst Ryan Fusaro Wowed Everyone At The Value Investing Congress With His Investment Idea
Ryan Fusaro, a 27-year-old analyst at New York-based hedge fund Lioneye Capital Management, impressed some top hedge fund managers with his investment idea. Fusaro was named the winner of the Value Investing Challenge hosted by the Value Investing Congress and SumZero . Approximately 110 people...
Value investing congress 2012 and the einhorn
does anybody know how to watch a live video feed of david einhorn speaking right now at the value investing congress? or at least a replay afterwards...i don't feel like only reading blogs
Sourcing Investment Ideas
Hey guys, I'm going to be working on a stock pitch for a student value fund. I'm looking for some small caps names and I was wondering how other people go about picking companies to look into, you obviously can't just go around reading a whole bunch of companies 10Ks until you find one you like. And...
Why did Seth Klarman stop printing Margin of Safety?
What reason did Seth Klarman have for not allowing his book to be printed anymore?
Value Stocks China
When trying to find undervalued stocks using a screener (financial ratios, roe etc) I noticed that many of them were Chinese stocks. What do you think is the main reason for this?
Investment Check List
I recently became aware that Mohnish Pabrai is an advocate of an investment checklist to reduce analysis error. I've always wanted to do something like this. Specifically, I wanted to create a list of my key takeaways from the best books I've read, i.e, Margin of Safety, Security Analysis , etc... I...
Is the CFA® useless for value investors?
Investors such as a Buffett and Klarman don't believe in Modern Portfolio Theory, CAPM etc. Buffett calls it "Alice in Wonderland" and Klarman states that he does not even know how to calculate Beta. So if one is a value investor, would it pretty much be useless to take the CFA program? Obviously it...
Value vs. Growth Investing
Obviously these two investment styles are derived from different schools of thought and have both had their successes and shortcomings over the past 30 years. How do you distinguish these mindsets for investors? Do you find yourself partial to one or do you learn to develop that mindset based on...
Berkshire without Buffett?
In the past few months there’s been myriad speculation on how Apple would fare without Steve Jobs; with the man being synonymous with the company he founded, some have argued that without him it wouldn’t hold its high valuations, and some, perhaps foolishly, have said that the whole thing could...
The Stockpicker’s Checklist
There’s been more than a few questions floating around WSO about the interview Stock Pitch. How to do it? What to look for? Does it really matter? Well, Mebane Faber of Cambria Investment Management has laid out an excellent basic guide on stock picking right here , taken off his notes from his...
Rule of Maximim Valuation for Senior Issues **Help**
Hello all. I am reading Security Analysis and I am having some trouble understanding the "rule" mentioned in my the title of this thread. For some of you who may find this stuff easy, please be easy on me... i am not a finance major. :p Okay, so the rule states. You recapitalize a company that had...
Value Giants on Video
To the Value guys, not sure if you’ve seen this, but anyway this one’s for you. I wrote about these two value investors a few months back and, looking for updates on their battle over St. Joe (which Einhorn looks to be winning - barely), I stumbled on these interviews they gave to WealthTrack. I...
WSO: Behind the Scenes
Greetings guys, So Eddie and I just wrapped up another episode of NSFW and I hope you enjoy it. This creates the perfect segue into something that's been on my mind lately. I want to take this quick snippet of your Saturday to point out something that many of you already know, but some may not have...
WSO's Most Wanted CEOs
Inspired by a recent employer attractiveness survey , Jorge, an obscure yet devastatingly handsome writer for the world’s premiere finance community, Wall Street Oasis, has decided to run a survey on who are the most attractive CEO’s in Wall Street to work for. Choosing from over 20 nominees...
Saturday Showdown: Einhorn, Berkowitz, and Japanese Idols
It’s a rare event when 2 big names in finance square off over a stock, and even rarer still that they take the battle public. And that’s what’s been going on lately when Fairholme Capital Management’s Bruce Berkowitz took on Greenlight Capital ’s David Einhorn in an epic struggle I now...
Tuesday's Great Debate: Soros, Buffett, and Models
The Black Swan author Nassim Taleb was in Canada last week for the Salon Speakers series and was asked by an audience member; if given a choice between investing with Buffett and billionaire investor George Soros, who would he pick? The former prop trader said he would probably pick Soros, and...
Are Individual Investors Stupid?
Is the average American investor an idiot? I found myself pondering that question yesterday as I tried not once, but twice (unsuccessfully, I might add), to edge myself into some DXD calls between the spread. This is a trade I've already been burned on three times in the past 9 months. And by...
Columbia Value Investing Program Placement
I know this has been covered previously, just thought I would bring it back up since I'm considering this program. How is this program viewed from perspective employers? Without prior buy-side or equity research experience would this program be a good launching pad to the buy-side?
Old School Value
www.oldschoolvalue.com Anybody ever hear of this site? I've always been a fan of Ben Graham/Warren Buffett value investing and stumbled across this site today. Don't think I'm going to drop $150 for this guy's templates, but I was wondering if anyone heard the word on the blog. Thanks
Noob Value Investing Questions
Hi, As the title says, I hope these questions aren't completely stupid, but basically, I have been developing an interest in value/fundamental investing, and I was wondering about a couple of things: 1. What styles are associated with non-quantitative, more fundamental methods? I.e. its a given that...
Most current dividend info?
Trying to help my parents invest some of their money and thought some large cap dividend paying stocks would be a good play for them. Anyone know where I can find up to date info on dividend payouts? Seems like Yahoo Finance is a little out of date. Thanks chimps and chimpettes.
Which Career Besides HF Would Allow Me To Be A "Pro Value Investor" So To Speak?
Hi, I know that banking probably doesn't lend itself to value investing, but I'm posting it here since this area gets the most traffic. Basically, I was wondering, besides hedge funds, what career will allow me to basically become a professional value investor for the rest of my life? Would Asset...
if you're interested in investing: what do you think
hi folks a while back i was directed to goldman sach's weekly chartbook on scribd http://www.scribd.com/32415471-Monthly-Chartbook/… i'm on wso quite a bit and so, if you're like me, you might have seen it too if you look at p 13, you'll see that their value portfolio outperforms the portfolio...
Undergrad Interested in Value Investing Career - Where to start?
I'm currently reading through Benjamin Graham 's The Intelligent Investor and I think I would like to pursue a career in AM that uses the investing guidelines he gives in the book. However, as a junior undergrad in the SF area, I am not sure what type of firm and position I should be looking for....
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