Update, Learning a Language in 22 Hours and Links from Geoff Gannon, Student of Value, Distressed Debt Investing, Valuewalk, OTC Adventures, and Others.

I have been doing research on another company over the weekend and to my surprise I have found it to be undervalued by at least 30%, which is my required minimum margin of safety, and a hurdle that has been hard to clear this year.

The company is a micro cap with daily volume of around 2,000 shares being traded, it is profitable, has decent margins, and looks to have at least minor sustainable competitive advantages up to this point in my research.  The company appears to be very promising thus far and I have been continuing my research by reading every annual report since 1999 and looking into its competitors.  I hope to have an update as soon as possible and until then will be posting links.

How I learned A Language In 22 Hours.  I have always wanted to learn a language and after reading this article I decided to try out Memrise.  After only an hour or two, I can already recognize more than 100 Chinese words, committed them to my long term memory, and have been learning how to say them.  I am enjoying this site immensely so far and would highly recommend the site to anyone looking to learn a language.

Student of Value-Studying With The Help of Free Online Courses

Geoff Gannon-The Most Time Efficient Way To Find Cheap Stocks

Geoff Gannon-What Is Your Required Rate of Return

Distressed Debt Investing-OSG, A Lot Of Questions

Valuewalk-Interview With Dan Miller, PM Of The Gabelli Focus Five Fund

Geoff Gannon-What To Do When Good Stocks Aren’t Cheap

OTC Adventures-Mexican Restaurants Inc-CASA

WEKU.FM-Why Coke Cost A Nickel For 70 Years

Geoff Gannon-How Much Time Do You Spend Researching A Stock?

Links From Geoff Gannon, Oddball Stocks, Greg Speciher, OTC Adventures, GuruFocus, MicroCapClub, and Others

I hope everyone had a great Thanksgiving weekend.  Other than eating great food and spending time with family I also got a lot of work done.  I spent a lot of this weekend looking into Wendy’s as a possible investment and my article about them should be up later this week.  I also spent a lot of time catching up on articles that I have been saving to read, some of which I will be sharing with you below.

Oddball Stocks: My Investment Process Applied To eOn, a net net trading at 3X FCF.

Geoff Gannon: When To Sell A Stock.

OTC Adventures: Retail Holdings NV $RHDGF

Pick The Brain: The One And Only Law Of Success

Columbia Business School: Think Small, A Different Perspective On Economies of Scale.

MicroCap Club: 8 Habits of Highly Effective Micro Cap CEO’s

Greg Speicher: Comprehensive Resources On Charlie Munger

MicroCap Club: The Case For Micro Caps

Geoff Gannon: The Most Time Efficient Way To Find Cheap Stocks

Value Uncovered: Tessi, High Quality Owner Operator

Update and Links From Mark Lin, Oddball Stocks, Guru Focus, Farnam Street, ValueFolio and Old School Value

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.

Until then here are some links.

The One Thing That Can Kill Your Portfolio

ROE, ROIC, and CROIC

All Roads Lead To Rome: Bridging the Graham Buffett Divide

Alternative Information Sources

Analyzing Working Capital-The Key To Successful Investing In Net Nets

Why Net Cash Is The Most Misleading Indicator Of Balance Sheet Strength

Characteristics of Value Stocks and Value Traps

The Principle of Incomplete Knowledge

Charlie Munger…..”If I Were Teaching Business School”

Psych Plays and Bayesian Probability

Weekend Reading Links

With all the research I have been going lately I have gotten way behind on posting links so here are a bunch that I think are very good.

Atul Gawande: Excellence Is Recognizing Details, Failures

The Price Of Paying Attention

How Not To Run A Hedge Fund: Geoff Grant Edition

Advice From Jeff Bezos

How Did R.A. Dickey Master The Knuckleball

Jason Zweig Interviews Seth Klarman

How Did I Come Up With My 16 JNets

What Drives Operating Metrics?

Free Ebook: 115 Profitable Investing Ideas

How Buffett Made Money In Bad and Volatile Markets