Obviously these ideas are not solicitations to invest, you should do your own research and get advice from a professional that can take into account your personal circumstances. I have lost money on many investments and will again in future.
It’s been a couple of months since I published my last list of things that I am finding interesting. I thought it might be useful to look at some of previous investments as some of these are correcting and I may again think about topping up these positions. The US markets still to be very frothy and I although I’m no market timer I sense with the election result in the US and the realisation that European politics is dramatically changing the market will soon break from it gentle sideways meander. Upwards or downwards I have no idea. Could a flight to safety drive the US markets and dollar higher or will a world falling apart and nosebleed valuations let it drop?
To the retail value investor keeping up to date on the portfolio holdings of superinvestors like Warren Buffet, Seth Klarman, Daniel Loeb and Bill Ackman is an important part of the investment process. Intelligently cloning ideas from the most successful in our craft is an excellent way of achieving above par results. The whole strategy has been explained most succinctly by it’s biggest cheerleaders Mohnish Pabrai and Guy Spier who can elaborate much better than myself on the merits of this strategy.
Although I mainly write about education and technology I have an avid interest in finance especially value investing in the manner of Graham and Dodd. As I spend a lot of time scouring for value in the global markets, I thought it may be of interest to some of you to begin writing a monthly brief showing what I am looking at; areas and industries where I am finding what could be good value!
Read on for this month’s list