Forever Investor | Buy and hold, hopefully forever...

What is a defensive share?

- April 30, 2014April 18, 2020 - FI comment

[caption id="attachment_678" align="alignleft" width="150"] By: Jason Eppink[/caption] A comment I included in the updated intrinsic value formula post by Ben Graham about his "strict" standards for judging financial strength made me wonder: what are those standard exactly? So…

Valuation

Ben Graham’s updated intrinsic value formula

- April 28, 2014April 18, 2020 - FI comment

[caption id="attachment_663" align="alignright" width="150"] By: João Trindade[/caption] In an earlier post (Intrinsic value and a formula) I had a look at a formula proposed by Ben Graham to simplify the mathematical models that were popular…

Books

Hetty – the first woman of Wall street

- April 24, 2014April 18, 2020 - FI comment

Hetty The Genius and Madness of American's First Female Tycoon by Charles Slack (2004) If known for anything at all today, Hetty Green is most likely known only through her "World's Greatest Miser" entry in the Guinness Book…

Stocks

AstraZeneca for sale?

- April 22, 2014April 18, 2020 - FI comment

[caption id="attachment_600" align="alignright" width="150"] By: Rodrigo Senna[/caption] "We don’t comment on market speculation or rumors,” said Andrew Topen, a Pfizer spokesman. A sound policy but, fortunately, we have the Sunday Times to tell us that Pfizer…

Stocks

Blue movies

- April 18, 2014April 18, 2020 - FI comment

[caption id="attachment_573" align="alignright" width="150"] By: Adam Jenkins[/caption] IBM IBM reported quarterly earnings that disappointed Wall Street again on Wednesday evening. Revenue weighed in at $22.48 billion against an expected $22.91 billion, containing a 23% drop…

Valuation

Intrinsic value and a formula

- April 16, 2014April 18, 2020 - FI comment

[caption id="attachment_534" align="alignleft" width="150"] By: the mad LOLscientist[/caption] Perhaps it is negative, but the first question I ask myself before purchasing a share is: Well, yes, but is it overvalued? It is very difficult for non-experts (like…

Football

Step forward Mauricio Pochettino…

- April 12, 2014April 18, 2020 - FI comment

[caption id="attachment_516" align="alignright" width="150"] By: Ronnie Macdonald[/caption] Trying to determine which Premier League managers are doing well and which are not is an on-going debate that has kept publicans in business for generations. I have always admired the unfashionable…

General

McBeckham and Coke

- April 10, 2014April 18, 2020 - FI comment

[caption id="attachment_493" align="alignleft" width="150"] By: Calcio Streaming[/caption] Scotch whisky drinkers tend to be a difficult demographic: armchair-based, routine-driven, stuffy on a good day while downright grumpy on a bad, and very exacting when it comes to deciding what goes into their crystal…

Portfolio Management

Why the dash to trash?

- April 8, 2014April 18, 2020 - FI comment

[caption id="attachment_491" align="alignright" width="150"] By: bilbobagweed[/caption] One of the many amusing market clichés you see on financial sites is dash to trash. Frustratingly for the painstakingly careful, discerning investor (me) in quality companies (low-cost producers that are not up to…

Books

Common Stocks and Uncommon Profits

- April 7, 2014April 18, 2020 - FI comment

[caption id="attachment_489" align="alignleft" width="150"] By: Dimitar Nikolov[/caption] Common Stocks and Uncommon Profits by Philip A. Fisher (1957) Hindsight must be the most useless and distracting tool in the investor's armoury, but it does serve one purpose--it enables you to…