Value Investing Podcast

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Beating the Street by Peter Lynch: https://amzn.to/2yklmzj

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This episode covers the first 9 investing rules by Peter Lynch

Investing is fun, exciting, and dangerous if you don't do any work.

Your investor's edge is not something you get from Wall Street experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.

Over the past three decades, the stock market has come to be dominated by a herd of professional investors. Contrary to popular belief, this makes it easier for the amateur investor. You can beat the market by ignoring the herd.

Behind every stock is a company, find out what it's doing.

Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.

You have to know what you own, and why you own it. "This baby is a cinch to go up!" doesn't count.

Long shots almost always miss the mark.

Owning stocks is like having children - don't get involved with more than you can handle. The part-time stock picker probably has time to follow 8-12 companies, and to buy and sell shares as conditions warrant. There don't have to be more than 5 companies in the portfolio at any time.

If you can't find any companies that you think are attractive, put your money into the bank until you discover some.

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This episode covers Buffett’s views on

Global diversification strategy

Macro economy outlook consideration

Pros and cons of buying the entire business against buying a portion of business in the stock market

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Reference on today's show: 1994 Berkshire Hathaway Annual Meeting: https://www.youtube.com/watch?v=fjXZbW8ALRA

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This episode covers Buffett’s views on

How to identify good management teams for your investments

How to deal with the investment analysis by others

Buffett's investment in Saloman Brothers (asked by Bill Ackman)

Podcast Website: http://valueinvesting.blubrry.net/subscribe-to-podcast/

1994 Berkshire Hathaway Annual Meeting: https://www.youtube.com/watch?v=fjXZbW8ALRA

Support this podcast through your donation: https://paypal.me/valueinvesting

This episode covers Buffett's views on

Use of derivatives

Intrinsic value calculation in terms of cash flow and discount rate

Intrinsic value calculation for insurance business

Podcast Website: http://valueinvesting.blubrry.net/

1994 Berkshire Hathaway Annual Meeting: https://www.youtube.com/watch?v=fjXZbW8ALRA

Donation link for this show: https://paypal.me/valueinvesting

Joel Greenblatt's book (You Can Be a Stock Market GENIUS): https://amzn.to/2vjCwfX

In the book, Joel Greenblatt provided the following four tips via a spinoff case study (Strattec Security) on how to identify good spinoff opportunities.

Check if the spin-off is small in size for institutional investors

Check insider ownership

Check pro forma statements and derive an intrinsic value conservatively

Look for hidden information that could dramatically change the intrinsic value

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A legendary value investor, Joel Greenblatt, explains why value investors should pay special attention to spin-off stocks.  This episode shows you how Joel Greenblatt identified a very attractive investment opportunity from Marriott's spin-off that happened in the past.  The spin-offs that involve the following points would give you a better chance for your investment success.

Institutions don't want it and their reasons don't involve the investment merits

Insider wants it

A previously hidden investment opportunity is created or revealed

More details could be found from this book (You Can Be a Stock Market GENIUS).

Click here (Value Investing Podcast) to visit this podcast website

Support this podcast through your donation: https://paypal.me/valueinvesting

A legendary value investor, Joel Greenblatt, explains why value investors should pay special attention to spin-off stocks.  This episode covers the four points that make the spin-offs very attractive investments for individual value investors.

The shares of the new spin-off stock are distributed to the existing shareholders of the parent company who usually don't want the shares.

The spin-off companies are usually small in size, and are not worth for institutional investors.

The spin-off event unleashes entrepreneurial forces and creates a better incentive and reward system

The very act of the spin-off decision by the executive team is a good indication that the executive team is shareholder-oriented

The future episodes will cover the details of what factors you need to look at to identify great spin-off stocks.

More details could be found from this book (You Can Be a Stock Market GENIUS).

Click here (Value Investing Podcast) to visit this podcast website

Support this podcast through your donation: https://paypal.me/valueinvesting

Joel Greenblatt is a legendary value investor who founded a hedge fund Gotham Capital with an astonishing track record of 40% annualized return from 1985 to 2006.  This episode covers the second part of the investment basics that Joel discussed in his book (You Can Be a Stock Market GENIUS).

Don't buy more stocks; Put money in the bank

Look down, not up

There's more than one road to investment heaven

The future episodes will cover the details of great special investment opportunities such as spin-offs, merger securities, restructurings, rights offerings, etc.

Support this podcast through your donation: https://paypal.me/valueinvesting

Joel Greenblatt is a legendary value investor who founded a hedge fund Gotham Capital with an astonishing track record of 40% annualized return from 1985 to 2006.  This episode covers the first three investment basics that Joel discussed in his book (You Can Be a Stock Market GENIUS).

Do your homework

Don't listen to others

Pick your own spots

The future episodes will cover the rest of the investment basics, and discuss the details of great special investment opportunities such as spin-offs, merger securities, restructurings, rights offerings, etc.

Support this podcast through your donation: https://paypal.me/valueinvesting

I created three episodes to explain the basics of analyzing bank stocks which are a black box to many investors. This episode covers how you can find undervalued bank stocks through five steps.

Get a list of banks and narrow the list via Price to Book and Price to Earning ratios

Understand why the banks are undervalued in terms of the two ratios.  In many cases, the undervaluation is due to troubled assets or loans

Evaluate whether or not the banks have an appropriate level of capital and reserve relative to troubled assets and loans

Analyze their financial statements (balance sheet and income statement)

Assess the quality of the executive management team via previous shareholder's letters

Click here (The Bank Investor's Handbook) to learn more about the book referenced in the episode.

Click here (FDIC website, Data pull instruction) to extract bank data from FDIC website