Join us as we explore the core tenets of "Invest Like a Guru," Charlie Tian's transformative guide to value investing. Drawing from his journey from physicist to seasoned investor and hard-won lessons from the dot-com bubble , this episode unpacks Tian's central philosophy: "Buy only good companies at fair prices".

Discover what defines a "good company," focusing on those with:

• Consistent profitability and stable, double-digit operating margins.
• An asset-light structure with high Return on Invested Capital (ROIC) (15%+ typically).
• Continuous double-digit growth in revenue and earnings.
• A strong balance sheet with manageable debt.

We'll also delve into why certain investments like asset plays, turnarounds, and highly cyclical businesses should be largely avoided due to their propensity for value traps and permanent capital loss. Learn about the crucial role of market cycles and the psychological discipline needed to navigate market euphoria and panic. This episode provides actionable insights from "Invest Like a Guru," complemented by the robust tools available on GuruFocus.com.

The U.S. Value team managers discuss their strategy, market perspective and several current holdings, including PayPal and UPS.

The head of Brennan Asset Management said Irish banks, PTSB in particular, have an advantage over other European banks.

The BlackRock Global Allocation Fund manager discusses companies that generate high free cash flow, what indicators in the latest employment report mean for investors and determining where the economy is going.

The CIO of Wedgewood Partners approaches potential investments with the mindset of a business owner.

The Tweedy Browne managers say the firm is finding value in small and mid-cap stocks currently.

The founder and portfolio manager of JDP Capital invests in companies that not only survive, but thrive.

The president and CIO of Robotti & Company discusses the importance of building relationships and shares insight on board involvement.

The leader of Sidoxia Capital Management says his firm's investment model focuses on contrarian indicators to find those opportunities that might not be obvious to others.

The CIO of Rewey Asset Management explains his three-pillar investment approach, discusses market trends and shares what he has learned from his guru mentors.