Reknowned investor Guy Spier (Aquamarine Capital) published his autobiobraphy late 2014, a book entitled The Education of a Value Investor (Palgrave MacMillan). As Spier explains himself, the book recounts his journey from Wall Street where he started as a junior investment banker to becoming a Buffett’s groupie (like many value investors, including myself) and a famous value investor, with an outstanding track record (here it is as of end 2012). Lire la suite
Mohnish Pabrai is considered one of the most remarkable investors of his generation. Lire la suite
This is « old » stuff, but valuable content rarely ages. Since I just happened to have read Pabrai’s book (a MUST READ), this is a great opportunity to learn it « live ».
Back in 2003, reading The Intelligent Investor blew my mind. I had been a financial reporter for a couple of years, in a publication that was supposed to give valuable investing ideas to individuals. From 2001 to 2002 we just witnessed the market crash, and failed to help investors protect their capital. All the way down to capital destruction, bad investment advices, all to be ashamed of when I think about it in retrospect (I sincerely apologize for that by the way).
After having read Graham’s book, I actually wondered why no one had ever asked me to read the book BEFORE I joined the newsroom… The paper is still in business, but I’m not sure their readership has greatly expanded since 2003… Lire la suite