Best of Old School Value 2017

December 30, 2017 | Read Now

2017 marks the end of the 10th year since Old School Value was born. It’s a labor of love and it’s a blessing to be able to do what I love daily and hopefully for the next 10, 20, 50 years to come.

Now, if you are like me and can’t remember what happened this year, here’s a quick refresher.

discount rates

Discount Rates for Value Investors

December 19, 2017 | Read Now

What You’ll Learn
– The difference between an investors discount rate analysis and corp finance discount rates
– How to choose a discount rate
– How to apply discount rates as a stock investor
– Rules of Thumb for deciding on discount rates

2 stocks unique assets

Why These 2 Stocks Can Be Unique Assets To Your Portfolio

November 9, 2017 | Read Now

Valuation is just for dummies? Is investing all about hot tech stocks? Let me show you why valuation still matters and why it’s important to people like me. Here are two stocks that are making money in this market with good fundamental cash growth.

What Has Worked in Investing?

November 1, 2017 | Read Now

As the market continues to climb, it’s easy to look for new ways to invest and potentially get off course.

Despite how well you are doing, there’s always the temptation to look at what others are doing and kick yourself for the ones you’ve missed.

I mean, check out what Amazon and Microsoft has done.

Amazon is up 47% YTD and Bezos is the richest man in the world again.

Microsoft is up 44% this year.

Economic Moat Stocks and Competitive Advantages

September 25, 2017 | Read Now

What You’ll Learn

– Why moats matter
– What makes a moat and how it is created and widened
– What isn’t a moat and what does not add to moat
– PDF notes


Distinguishing Between Earnings and Earning Power

August 21, 2017 | Read Now

A few thoughts from Graham & Dodd and Marty Whitman about how to think about earnings and how it may differ from earning power.

“…the phrase “earning power” must imply a fairly confident expectation of certain future results. It is not sufficient to know what the past earnings have averaged, or even that they disclose a definite line of growth or decline.” ―Graham & Dodd, Security Analysis (6th Ed.)

Checklist: Tenets of the Warren Buffett Way

July 31, 2017 | Read Now

The “Tenets of the Warren Buffett Way” was examined in the book The Warren Buffett Way, written by Robert G. Hagstrom.

The underlying principles haven’t changed much since The Warren Buffett Way was published, in 1994 (“That’s why they call them principles,” Buffett once said), but many readers have asked for clarification about applying the tenets in today’s market.

In summary, the process of focus investing involves these actions…

INVEST1000: This is the $1000 Portfolio

July 18, 2017 | Read Now

What You’ll Learn
– How to create a shortlist of stocks
– How to keep tabs of your stock
– How to do quick valuations
– The INVEST1000 portfolio revealed
– How to avoid “torpedoes” that can sink your portfolio

pat trans

A Forgotten Undervalued Spin-off

July 16, 2017 | Read Now

What You’ll Learn
– Why this company is a value outlier
– Past performance and numbers
– Why I think this company is undervalued

wise words

Wise Words from Seth Klarman and Howard Marks

June 30, 2017 | Read Now

Heads up that starting on Monday, I’ll be starting our series on the INVEST1000 case study.

I’ll be going over the details of the project and introduce our case study hero, brave enough to disclose his thoughts throughout the whole process.

For this week’s VIP email, I wanted to share one of my all-time favorite articles.

Ready to try Old School Value?