Could you answer the question: “What value do investors add to society”? Not venture capitalists, not activist investors, not owner-operators, not macroeconomic investors either. This question pertains specifically to money guys who pick stocks. Hedge funds have become synonymous with high pay and – with the rise of passive investing – many are questioning whatContinue reading “What value is a value investor?”
Tag Archives: Investing
Book Review – Fooled by Randomness (N. Taleb)
Fooled By Randomness explains how luck, uncertainty, probability, human error, risk, and decision-making work together to influence our actions, set against the backdrop of business and specifically, investing, to uncover how much bigger the role of chance in our lives is, than we usually make it out to be….
Book Review – The Education of a Value Investor (G. Spier)
In One Sentence: The Education of a Value Investor is the story of how Guy Spier turned away from his greedy, morally corrupted investment banking environment and into a true value investor by modeling his work and life after Warren Buffett and his value investing approach (source). Recommended Summary: Lifeclub.org has a fantastic – ifContinue reading “Book Review – The Education of a Value Investor (G. Spier)”
Afrimat: A High-Quality Acquirer.
Afrimat is a BEE-certified company specialising in mid-tier open pit mining. It produces industrial and construction materials (like limestone, various bricks and cement) and as of 2016, iron ore. At the time of writing, its shares are trading at R24.8/share…
African Rainbow Capital Investments: A Growth bet at a Deep Value price (Part 1).
ARC Investments is a holding company trading at a very significant discount to the sum of its parts. It offers access to high-growth potential subsidiaries (Rain and TymeBank), as well as very quality companies (Afrimat and Alexander Forbes) all well below their intrinsic value (shares trade at approximately 50-70% discount to NAV)…
Mohnish Pabrai – Nothing new under the sun.
The year is circa 935 BC and The Teacher lifts his gristly hand to reach for his quill once again. Dabbing it in the inkwell, he traces it across the page with the well-hewn motions of a man altogether weary of such practice. There is nothing new under the sun he writes, careful not toContinue reading “Mohnish Pabrai – Nothing new under the sun.”
Book Review – Thinking, Fast and Slow (D. Kahneman)
Kahneman’s Thinking Fast And Slow shows you how two systems in your brain are constantly fighting over control of your behaviour and actions, and teaches you the many ways in which this leads to errors in memory, judgment and decisions, and what you can do about it.