by KenFaulkenberry | Apr 11, 2015 | Portfolio Management
Howard Marks delivers his commentary in a style that has been described as “insightful, direct, homespun, expert and sharply pointed”. His objective in writing The Most Important Thing was to provide a book that would lay out his investment philosophy in a manner that would be beneficial to the average investor.
His approach is to lay out The Most Important Thing Is….. in 20 Chapters. Each is a building block to successful investing. Together they create a “solid wall” in which each piece is essential “guideposts” that keep investors focused on the most important things for successful portfolio management.
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by KenFaulkenberry | Mar 14, 2015 | Value
There is a debate between two approaches among investors: qualitative vs. quantitative. In reality, every investor adopts at least a little of both approaches; but may emphasize one or the other. The qualitative approach concentrates on the quality of the company. Emphasis is put on the company’s products, services, management, competitors, etc. A quantitative approach concentrates on the income statements, balance sheets, and cash flows, and analyzes the relationship between price and intrinsic value .
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by KenFaulkenberry | Jan 4, 2015 | Risk
The biggest risk of investing is permanent loss of principal. This may seem intuitive, yet few investors understand this or employ a comprehensive investment risk management plan.
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by KenFaulkenberry | Nov 29, 2014 | Portfolio Management
Our discussion of these 7 investment concepts will provide you with a different thought process or approach to investing. Successful value portfolio management requires a different way of thinking. Make the effort to be above average.
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by KenFaulkenberry | Nov 22, 2014 | Investment Analysis
The Graham Number is part of Benjamin Graham’s stock screen for dividend investors. It uses price in relation to earnings and book value to identify the relative valuations of stable dividend stocks.
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