Category: InvestorNews

François Rochon: Never Overpay – Even for The Best of Companies

In this interview, Francois Rochon, CIO of Giverny Capital, discusses how a handful of dominant companies—such as Amazon, Apple, Microsoft, and Nvidia—have significantly influenced the S&P 500’s performance in recent years. Their rapid growth has increased their weighting in the index, encouraging more investors to adopt indexing strategies, which further reinforces their dominance.

Li Lu: Charlie Munger’s enduring legacy

This is the first interview Li has accepted with domestic Chinese media after four years. In the interview, Li recalled his mentor Munger, summarized his spiritual legacy, and pointed out that it was Munger who made value investing possible in the global practice.

Christopher Bloomstran: Value, Patience and Trust as An Edge

In this interview, Christopher Bloomstran, CIO of Semper Augustus, offers a wealth of insights into value investing, ethical business practices, and the critical role of patience and trust in achieving long-term success in both investing and life.

Ben Graham Centre for Value Investing: How to Assess Management

Jamie Lowry, Managing Director of UK based Hamblin Watsa Investment Council, was the Keynote Speaker at the Ben Graham Centre’s 4th European Value Investing Conference where he provided a deep dive into to topic “The Management of Value”.

François Rochon: Finding Great Businesses

In a recent interview, François Rochon discusses his approach to identifying exceptional businesses by combining quantitative and qualitative analysis. He starts by examining historical performance metrics such as return on capital, profit margins, debt levels, and the quality of earnings to identify strong companies.

Bill Nygren: Invest Like A Private Equity Firm

In a recent interview on Bloomberg, Bill Nygren CIO of Oakmark, shares his insights into the firm’s approach to public equity investing through a private equity lens. He discusses Oakmarks investment philosophy, risk management strategies, and broader market perspectives.

Mohnish Pabrai: Guest Lecturer at University of Nabraska Omaha

In his recent guest lecturer presentation at University of Nebraska Omaha, Mohnish Pabrai talked about investing in win-win deals, how early start of the investing journey gives maximum returns, and some advice on selecting our inner circle.

Aswath Damodaran: The What, Why and Who of Sustainable Investing

In his recent blog post “The Siren Song of Sustainability,” NYU professor Aswath Damodaran critiques the concept of sustainability, particularly its connection to ESG (Environmental, Social, and Governance) practices. He describes ESG as an empty acronym, filled with hypocrisy and marketed with misleading promises.

Howard Marks: The Difference Between Good Companies And Good Investments

In a recent interview with Barron’s, Howard Marks reflects on his early career in finance, recalling how banks in the 1970s invested heavily in the “Nifty Fifty” — a group of America’s fastest-growing companies, considered unbeatable regardless of their valuation.

AQR: How to use Machine Learning to improve Your Investment Strategy

The folks over at AQR recently wrote a piece on how to use machine learning in stock portfolio construction. Specifically stock portfolio selection and timing. The article is quite technical but do provide some food for thought for less sophisticated investors on how AI can be implemented in an investment strategy.

Stanley Druckenmiller: a strategy of Invest and Investigate

In this interview with our Norwegian friends over at Norges Bank, Stanley Druckenmiller explains how he learned to bet (really) big when the odds are heavily in your favor and how he is using a strategy of invest and investigate. Both inspired by his old colleague George Soros.

Mohnish Pabrai: How I do Security Analysis

In this interview, Mohnish Pabrai outlines his full investment strategy, emphasizing the importance of staying within his “circle of competence” and drawing lessons from seasoned investors.

Howard Marks: Don’t Rely on Economic Predictions

In a recent interview, Howard Marks argues that economic forecasting offers little value to investors. He notes that even top investors like Warren Buffett steer clear of relying on economic or market predictions when making decisions.

Aswath Damodaran: The Sugar Daddy Effect

In his latest article, NYU professor Aswath Damodaran explores the common challenges faced by three types of entities that have access to assured funding: corporate venture capital, sovereign wealth funds, and green energy investments.

Bill Nygren: Investing without a catalyst

In a recent interview, Bill Nygren from Oakmark reflects on his 40-year investment career, highlighting the significance of both financial metrics and management quality in selecting companies.

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