Monish Pabrai on Bloomberg
Mohnish Pabrai calls himself a “shameless cloner” of Warren Buffett, and that’s fine with us. As the managing partner of Pabrai Investment Funds, Pabrai has been able to return over 26% net to investors since 1999. And his book The Dhandho Investor: The Low - Risk Value Method to High Returns, is highly […]
Buying Stocks Without A Broker; The Sane Way
Yes, it’s true. You can buy stocks like Yahoo (YHOO), Wal-Mart (WMT), Home Depot (HD) and Intel (INTC) direct from the company without using a broker. It’s called a Direct Stock Purchase Plan (DSPP) and thousands of companies now offer them. This is different than a DRIP (Dividend Reinvestment Plan), though many […]
7 Reasons why Markel is like Berkshire Hathaway
I recently read a NY Times Sunday article about Markel (note: This is a Times Select article which requires a membership fee.) I greatly enjoyed this article but it led me to thinking. Markel (MKL) apparently is a great company. There are lots of reasons why but the most compelling for me was that […]
Dollar Cost Averaging: 101
Dollar cost averaging (DCA) is a technique designed to reduce risk when purchasing stocks or mutual funds. If you have a 401k with your employer you’re already dollar cost averaging everytime they purchase stock for you.
The idea behind dollar cost averaging is to repeatedly invest a set amount of money regardless if your investment […]
Legendary Investors Tweedy Browne Re-open Value Fund
Tweedy, Browne & Company, the legendary investors who were Warren Buffett’s brokers in the 1960’s and 1970’s, have announced today that they are re-opening the Tweedy, Browne Value Fund (TWEBX). Their Global Value Fund (TBGVX) will remain closed.
Partners of Tweedy Browne, either past or present, have worked closely with some of the legends of […]
Buy Managers, Not Mutual Funds
A Mutual Fund is only as good as its management team. Just ask anyone who stayed in Fidelity Magellan after legendary investor Peter Lynch left in 1990, and received “not so lengendary” returns.
Magellan was just a Mutual Fund, not a living breathing entity. The smart investors realized that Peter Lynch was the […]
4 Best Finance Books You Should Have Already Read
What I love about books is that they contain knowledge. Pretty obvious right? but for those of us who are lifelong learners, a well written book with clear concise instructions is a little treasure that is worthy of a prime spot on our bookshelf. Here are 4 books that transformed how I thought and felt […]