I have finished up all three articles in my now shortened series and will proofread and do some light editing over the weekend and post them as soon as possible after I am able to acquire the shares I want.
As you might have noticed at the top of the page is now a translation page where you can translate the entire blog into many different languages. I found something similar to this a few days ago but could not get it to work on the blog so I enlisted the help of my brother and he got the translation page working, thanks a lot Kev. This also means that the short-lived Mandarin Value Investing Journey is also not now needed and will be going away. I am sure the 20 of you who visited the mostly untranslated site will miss it dearly :).
A quick update on where I am at with the process of my article series. I have now finished up the first two articles of the series and as you know I had planned to write articles on one or two more companies and then do a conclusion article. Two of the companies I was planning on writing articles on I have been asked not to by the person who recommended them to me because he is planning on writing articles about them. I am still going to read those companies annual reports and other filings but will not be writing articles about them so this has turned into a three-part series covering the two companies I have already written articles about and the conclusion article where I decide which of them to buy. I will hopefully have the whole series posted as soon as possible.
“Things do not happen–they are brought about by careful planning, diligence, application, and direction.”George Mecherle, Founder of State Farm Insurance.
The most recent company I was researching turned out to be another no go as I found it to be overvalued at the low end by as much as 30%. Since then I have turned my attention to Dole and have been getting my updated article on them prepared. I have already written a portion of the article and with Dole releasing its most recent results later today I should be all good to go and have the whole article up by early next week.
I have finally found another company to do a full research article on and will have it up as soon as possible. I am still doing research and waiting for its next quarterly results to come out this week so I can value the company with updated numbers so it will probably a little while until I write the article up. Up to this point the company looks promising and as of its last quarterly results that came out in June, it is selling for less than the reproduction value of its assets, with about 50% of its value coming from cash and short term investments, and no debt.
CSinvesting update as John has now moved the blog over to csinvesting.org and the blog is up and running. It also looks like the blog is going to become more focused on investing as well.
I mention csinvesting.wordpress.com quite a bit on this site and for good reason. Not only does it have amazing analysis and teaches you how to think better about companies and investments. He offers through his free Value Vault, books, videos, lectures, articles, etc from some of the greatest investors in the world.
Today John put up on his site 32 books/writings on his site that got donated to him from an anonymous contributor, all of which can be downloaded for free.
Some of the included books and writings are investment classics such as The Intelligent Investor, Security Analysis: 1940 edition, and Margin of Safety.
The books are in the categories of: Business Strategy, Investment and analysis, Valuation, Accounting, and Economic history.
Thank you so much John and the anonymous contributor, I am now going to have to upgrade my Dropbox account here very soon.
Here is a great post from oldschoolvalue.com, hope you enjoy.
I have just finished the annuals and quarterly reports from Chiquita, and Fresh Del Monte, Dole’s biggest competitors.
I am putting together a series of posts on those three companies. Which one could be the best buy for a spot in the long term portion of my portfolio without the spin off possibility, or if any of them are good enough to fit that profile.
I have also started Competition Demystified and can tell I am going to learn a lot from it. I can’t wait to get farther into it and start applying the principles to the stocks I research.
“You are neither right nor wrong because people agree with you.” Benjamin Graham
“All intelligent investing is value investing-to acquire more than you are paying for. Investing is where you find a few good companies and then sit on your ass.” Charlie Munger
“The market is a no-called-strike game. You don’t have to swing at everything-you can wait for your pitch.” Warren Buffett
“In the short run, the market is a voting machine, but in the long run it is a weighing machine.” Benjamin Graham
“The important thing is not to stop questioning. Curiosity has its own reason for existing. One cannot help but be in awe when he contemplates the mysteries of eternity, of life, of the marvelous structure of reality. It is enough if one tries merely to comprehend a little of this mystery every day. Never lose a holy curiosity.” Albert Einstein
“Everything should be as simple as it is, but not simpler.” Albert Einstein
“I have no special talent. I am only passionately curious.” Albert Einstein
“Be greedy when others are fearful, and fearful when others are greedy.” Warren Buffett
“You miss 100% of the shots you don’t take.” Wayne Gretzky
“I skate to where the puck is going to be, not where it has been.” Wayne Gretzky