Browsing Category: "Book Reviews"
Are you looking for the perfect gift for a value investor? The new Sixth Edition of Security Analysis comes in a limited leatherbound edition. This massive beautifully bound classic Benjamin Graham and David Dodd text would be treasured by any value investor. If you are still looking for a holiday gift for a close associate or [...]
In this next chapter of Mosaic, Mohnish Pabrai examines the price to sales ratio and the financial shenanigans of Computer Associates (CA). Pabrai begins “Computer Associates - A Good Business Model Gone Awry” with a discussion of James O’Shaughnessy’s book What Works on Wall Street.
Using a 40 backtest of S&P Compustat’s, O’Shaughnessy’s found that all stocks [...]
The next chapter to add to Poor Man’s Mosaic is “Chapter 17: Yes, But I Like to Punt!” In this chapter of Mohnish Pabrai’s book, Pabrai provides a cheat sheet of Warren Buffett rules on investing. Here are the key points:
On Punting (taking a high risk, high return bet)
“Rule No. 1: Never Lose Money. Rule [...]
Continuing on my quest to fill in the missing chapters listed on Poor Man’s Mosaic, I recently finished reading “Chapter 15: On Avoiding Enron-itis!” In this chapter of Mosaic, Mohnish Pabrai discusses six red flags that might indicate a company has “Enron-itis.” These six red flags are as follows:
Obtuse financial statements
Consistency of business performance
“Restructuring” charges
Earnings guidance
Related [...]
In this chapter of Mohnish Pabrai’s book Mosaic, the discussion starts with a look at Bill Miller of Legg Mason Value Trust. Pabrai argues that Bill Miller’s previous stellar performance with Legg Mason Value Trust lies in “Latticework“, which is the worldly wisdom that comes from an interdisciplinary collection of mental models. Bill Miller views [...]
With the help of several members of Value Investing News, I posted a series of links to the essays that make up Mohnish Pabrai’s book, Mosaic: Perspectives on Investing. The 26 chapters of Mosaic were actually articles previously published on TheStreet.com, Fool.com, and SiliconIndia Magazine.
Searching online, we found links to 20 of the 26 chapters [...]
We have a special event going on tomorrow at Value Investing News. I will be interviewing Thomas P. Au, author of A Modern Approach to Graham & Dodd Investing. The interview will start at 10:00 AM EST tomorrow, June 13, 2008.
At the end of the interview, you will be able to ask Tom Au questions in the [...]
I received the news that Bud Labitan has released his first book entitled The Four Filters: Invention of Warren Buffett and Charlie Munger. As you might recall, I provided a sneak preview of The Four Filters back in March. That excerpt provides a good overview of the book.
As significant as the refinement of the microscope by Antonie van [...]
Bud Labitan just shared with me part of his new book, The Four Filters: What I learned from the Invention of Warren Buffett and Charlie Munger. He describes his book as a short read that can easily be read on a quick plane ride. The book goes into the “amazing invention” that Warren Buffett and [...]
What are your favorite value investing books? Please use the poll below to rank your favorites. Feel free to add books to the list that haven’t been added yet.
