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Blogs:
My personal favourite value investing blog: http://valueandopportunity.com/
Well written value investing blog (in German):
http://commentsonpositions.blogspot.co.at/

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Beliebte Posts aus diesem Blog

Silverlake Axis Ltd

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Silverlake Axis is a banking software company. It operates in south East Asia and is one of a few player in the banking software oligopoly. Prior to August 2015 Sliverlake Axis was a star. Than the bombshell dropped, as razor99 accused Mr. Goh (60% shareholder and CEO of Silverlake) that he and Silverlake did dubious deals in related party transactions at the expense of minority shareholder [RAZOR99]. The stock got slaughtered - from 1.20 to 0.55 SGD. In January 2016 Deloitte cleared Silverlake of these accusation [DELOITTE]. Is Silverlake a value buy now? Can I trust the numbers? Deloitte Singapore was ordered by Silverlake to investigate razor99 accusations [RAZOR99, DELOITTE]. Deloitte found that for the 3 acquisition in question, the prices 2 had fair prices where 1 was in the higher range of fair. ROI is for the 2 fair acquisitions 10 to 12% whereas the other is about 3%. Today the 3 acquired businesses make up to 85% of revenue. Silverlake today is Silverlake because of the 3 acq...
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Value of written goals

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Here and there I heard about a Harvard study about having goals drives success. I thought "Sounds reasonable, no need to think about it deeply." Today I heard a talk of Gerald Hörhan and he mentioned the example, again. So my many-smart-people-talked-about-it threshold was crossed and I did a short research to find that study. I hoped to get an interesting topic I can use as material for talks. And I found an urban myth [DOMINICAN]. But is there any truth to it? The Dominican University (?researcher Gail Matthews and Sarah Gardner?) did a study, because they saw a research opportunity. I found just a summary (see [SUMMARY]) and no original source to the study. But, well, once you kill a cow, you gotta make a burger. Goal Study The study split the participants into 5 groups and compared what goals they achieved 4 weeks later [SUMMARY, FORBES]: Group 1 - deeply analyzed their goals and the resources they had to accomplish them.   Group 2 – wrote down their goals after ...
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Charlie Munger at Daily Journal 2020

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Summary Daily Journal is moving its core business to become a technology company - Daily Journal Technologies . Its software is automating and supporting legal processes for courts. Charlies remarks are that the business is more like building Price Waterhouse Coopers than other Software companies (FANGs). Software for legal processes are consulting heavy, thus costs more time and effort to grow the business. The Daily Journal newspaper business is going to die. Only a few very large newspaper do survive (WSJ, NYT, FT). Thus the shift of DJ to technologies. Index and Quant Investing gives active managed funds a hard time. In future Charlie sees that fewer and better portfolio managers will survive - yet a whole lot average portfolio managers will not. Transcript the meeting should now come to order I'll give you some time to sit down welcome to the Catholic cathedral this is the most amazing place oh you haven't ever seen it should go look at it from the i...
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