Saved by Daniel Bakalarz
The Superinvestors of Graham-and-Doddsville
Warren Buffet and many of the best investors I know favor making a few very well-informed bets rather than opting for significant diversification.
Mike Speiser • Why Diversification Results In Mediocrity
The Intelligent Investor boiled Graham’s philosophy down to three words—“margin of safety.”24 An investor, he said, ought to insist on a gap—a big gap—between the price he was willing to pay and his estimate of what a stock was worth.
Roger Lowenstein • Buffett: The Making of an American Capitalist
Benjamin Graham, one of Warren Buffett’s mentors, was a big advocate of book value and…
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Pat Dorsey • The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
“Here is an all-too-brief summary of Buffett’s approach: He looks for what he calls “franchise” companies with strong consumer brands, easily understandable businesses, robust financial health, and near-monopolies in their markets, like H & R Block, Gillette, and the Washington Post Co. Buffett likes to snap up a stock when a scandal, big loss,... See more