"The compensation committee relies on its own good judgment in carrying out its duties and does not waste shareholder money on compensation consultants." -- Daily Journal Corporation 2017 Proxy Statement Reading primary sources of information remains the single most important ...

“We read a lot. I don’t know anyone who’s wise who doesn’t read a lot. But that’s not enough: You have to have a temperament to grab ideas and do sensible things. Most people don’t grab the right ideas or ...

Is it possible to reliably identify great managers and their companies at an early stage and enjoy compound annual returns of twenty or even thirty percent over many decades? We recently explored this subject in some detail using Berkshire Hathaway ...

"It is difficult to get a man to understand something, when his salary depends on his not understanding it.” -- Upton Sinclair On the commute home from work, a man suddenly has a brilliant flash of insight and comes up ...

The vast majority of individual investors would be well served to take Warren Buffett's advice and dollar cost average into one or more passive index funds. However, many individuals aspire to achieve better than average results. What is their most ...

The Education of a Value Investor chronicles Guy Spier's evolution from a self described "Gordon Gekko wannabe" to a highly accomplished fund manager who has found success through a constant effort of attaining worldly wisdom and seeking to understand his ...

John Rotonti presents beginning investors with an easily understandable guide to value investing in A Manual on Common Stock Investing. Read this review of the book for further details ...

Amit Kumar, founder of Artham Capital Partners, recently published Short Stories from the Stock Market, which serves as a guide for value investors who are interested in broadening their horizons beyond a long-only strategy. Read this article for a review ...

One of the indispensable sources of actionable investment ideas for value investors is The Manual of Ideas which has been published as a monthly periodical for several years. Recently, the Managing Editor of the Manual of Ideas released a book ...

Ronald W. Chan’s latest book, The Value Investors: Lessons from the World’s Top Fund Managers, is an excellent compilation of interviews with twelve highly successful value investors from very different backgrounds. Read this article for a brief review of the ...

We are pleased to publish a guest article by Meir Statman, the author of What Investors Really Want. Professor Statman is a pioneer in the field of behavioral finance and his book should be required reading for anyone involved in ...

As we move into the height of third quarter earnings season, many investors may feel overwhelmed when it comes to staying on top of earnings announcements for portfolio companies and investment candidates. Without a solid system for keeping abreast of ...

If you are already cynical about the motives and practices of professional investors in the major Wall Street banks, chances are that you are not even half as cynical as Michael Lewis. In The Big Short, Mr. Lewis spins a ...

Mariusz Skonieczny, President of Classic Value Investors has written a concise primer on financial statements that allows the reader to gain a basic understanding of these key financial reports. The e-book is being offered free of charge to readers who ...

Mariusz Skonieczny has written a worthwhile beginner's guide to the stock market in his book Why Are We So Clueless about the Stock Market? The book's audience appears to be those who are entirely new to business and investing concepts ...

While reading Joel Greenblatt's book, You Can Be a Stock Market Genius, it occurred to me that I exhibited the exact behavior that he predicted when I almost immediately sold the shares in Hospira that I received from Abbott Laboratories' ...

This article provides some insights into Benjamin Graham and David Dodd's classic textbook on investing: Security Analysis. The author describes his own experience reading a reproduction of the 1934 edition and the benefits of studying the latest sixth edition instead ...

If Graham is known as the father of value investing, Fisher is equally well recognized as the father of growth investing. I believe that the combination of both approaches has been responsible for the amazing growth of Berkshire Hathaway over ...