value investing
FilterEveryone, all time20 from 11 people
- NM
Nick Maggiulli quoted
Writer of the personal-finance blog Of Dollars And Data…
Their wordsTherefore, the only correct interpretation of the P/S ratio over the last decade is that it doesn’t signal what it used to.
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 2nd of 5 in this piece
- NM
Nick Maggiulli quoted
Our readingA portfolio you cannot hold through an ordinary market cycle is not a portfolio but a bet.
Their wordsBecause if you can’t handle standard market cycles, then you don’t have a portfolio, you have a bet.
↗Why I Was Wrong to Be Bearish on U.S. Stocksofdollarsanddata.com 5th of 5 in this piece
- 6 months earlier
- SB
Sanjay Bakshi quoted
Indian value investor who taught Behavioural Finance…
Their wordsThe downside risk is substantially lower than for "growth stocks," (which pay no or very little dividends) because the stock's valuation is anchored by its dividend yield, not by speculative earnings growth assumptions.
↗The Misunderstood Role of Dividends in Long-term Stock Returnsfundooprofessor.wordpress.com 3rd of 3 in this piece
- 3 months earlier
- JZ
Jason Zweig quoted
Investing columnist for The Wall Street Journal and editor…
Their wordsWith so many professional money managers afraid to act, with most of the public in the grip of fear and anger, you should put your cash and your courage to work.
↗Summon Your Courage and Buy Stocksjasonzweig.com 2nd of 2 in this piece
- 7 days earlier
- AD
Aswath Damodaran quoted
Professor of finance at NYU’s Stern School of Business
Their wordsIf you are an investor who considers any highly priced company to be overvalued, I hope that this post leads you to reconsider.
↗Trillion Dollar Market Caps: Fairy Tale Pricing or Business Marvels?aswathdamodaran.blogspot.com 3rd of 4 in this piece
- 6 months earlier
- GS
Guy Spier quoted
Zurich-based value investor who ran the Aquamarine Fund…
Their wordsI had always thought that all "Intelligent Investing" is "Value Investing". And that true value is always sustainable. In otherh words, "All Intelligent Finance is Sustainable Finance."
↗Lombard Odier, Oxford University and Sustainable Finance The Remarkable Transformation of a Discrete, Swiss Private Bankguyspier.com 1st of 2 in this piece
- 15 months earlier
- BA
Bill Ackman quoted
Founder and chief executive of Pershing Square Capital Management
Our readingThe value of anything is the present value of the cash you can take out of it over its life.
Their wordsThe value of anything, I would say, other than love, let's say, is the present value of the cash you can take out of it over its life.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 1st of 22 in this recording
- BA
Bill Ackman quoted
Their wordsAnd very few businesses that you can have a really high degree of certainty about. And as a result, many investments are speculations because it's really very difficult to predict the future.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 2nd of 22 in this recording
- BA
Bill Ackman quoted
Their wordsYou want to buy a company at a price that if you're wrong about what you think it's worth and it turns out to be worth 30% less, you paid a deep enough discount to your estimate that you're still okay. A big part of investing is not losing money.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 3rd of 22 in this recording
- BA
Bill Ackman quoted
Their wordsPrice matters a lot. You can buy the best business in the world and if you overpay, you're not going to earn particularly attractive returns.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 4th of 22 in this recording
- BA
Bill Ackman quoted
Their wordsAnd that's why we have tended to stay away from companies that are technology companies because technology companies generally... The world is such a dynamic place that someone's always working on a better version.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 6th of 22 in this recording
- BA
Bill Ackman quoted
Their wordsSo as I like to say, incentives drive all human behavior and that certainly applies in the business world. So understanding the people and what drives them, and what the actual financial and other incentives of a business, are very important part of the analysis for investing in a company.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 7th of 22 in this recording
- BA
Bill Ackman quoted
Their wordsSo as long as you don't borrow against securities, you own really high quality businesses and it's not money that you need in the short term, then you can actually be thoughtful about it.
↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com 9th of 22 in this recording
- 5 months earlier
- TS
Tobias Sjösten quoted
Swedish software developer writing about tooling
Their wordsThe best way to combat this influence and to take charge of your finances is to become more intentional about how you live your life and how you spend your precious, finite resources.
↗Engineering my family's spendingseastone.io 1st of 2 in this piece
- 7 months earlier
- MM
Michael Mauboussin quoted
Head of Consilient Research at Counterpoint Global
Their wordsI think the modern manifestation of value investing is simply buying something for less than what it’s worth, so it seems like all investing should be value investing if it’s done intelligently.
↗The Tim Ferriss Show transcript: Michael Mauboussin (2023)tim.blog 3rd of 8 in this piece
- 2 years earlier
- HM
Howard Marks quoted
Co-founder and co-chairman of Oaktree Capital Management
Their wordsRather than being defined as one side of this artificial dichotomy, value investing should instead consist of buying whatever represents a better value proposition, taking all factors into account.
↗Something of Value (memo to Oaktree clients)oaktreecapital.com
- HM
Howard Marks quoted
Our readingThe value-versus-growth distinction does not serve investors well in a fast-changing world.
Their wordsMy extensive discussions with Andrew led me to conclude that the focus on value versus growth doesn’t serve investors well in the fast-changing world in which we live.
↗Something of Value (memo to Oaktree clients)oaktreecapital.com
- HM
Howard Marks quoted
Their wordsNot only are the traditional staples of classic value investing (readily discernable quantitative measures of cheapness in the here-and-now) no longer likely to produce a sustainable edge on their own, but the world has gotten more complex, with many more dynamics that can drive a decoupling of near-term metrics from valuation, both to the positive and negative.
↗Something of Value (memo to Oaktree clients)oaktreecapital.com
- 12 years earlier
- NT
Nassim Nicholas Taleb quoted
Former option trader and risk analyst
Their wordsYou can live longer if you avoid death, get better if you avoid bankruptcy, and become prosperous if you avoid blowups in the fourth quadrant.
↗The Fourth Quadrant: A Map of the Limits of Statistics (Edge, 2008)edge.org 5th of 8 in this piece
- 11 years earlier
- CM
Charlie Munger quoted
Warren Buffett's business partner and vice chairman of Berkshire Hathaway
Their wordsWesco is not an equally-good-but-smaller version of Berkshire Hathaway, better because its small size makes growth easier. Instead, each dollar of book value at Wesco continues plainly to provide much less intrinsic value than a similar dollar of book value at Berkshire Hathaway.
↗Wesco Financial Corporation 1997 Letter to Shareholderssafalniveshak.com