– work in progress –
This page aims to be a compilation of many documents and resources related to value investing. I hope you find it useful.
“Margin of Safety” by Seth A. Klarman.
“The Intelligent Investor” by Benjamin Graham.
“Principles of Value Investing” by Bestinver Asset Management. (spanish)
“The Super Investors of Graham-and-Doddsville” by Warren Buffett in Hermes Magazine.
“How inflation swindles the equity investor” by Warren Buffett in Fortune Magazine.
“Why most investment managers have it backwards” by Seth Klarman.
“What has worked in investing” by Tweedy, Browne.
“The High Dividend Yield Return Advantage: An Examination of Empirical Data Associating Investment in High Dividend Yield Securities with Attractive Returns Over Long Measurement Periods” by Tweedy, Browne.
“A Study of Market History and Valuation through Graham and Buffett and Others” by Redfield, Blonsky & Co.
Graham and Doddsville Newsletters by Columbia Business School Students:
Behavioral Finance and Business Valuation Newsletter by Sanjay Bakshi:
Buffett Partnership Letters, from 1957 to 1970 by Warren E. Buffett.
Baupost Fund Letters, from 1995 to 2001 by The Baupost Group.
Wesco Shareholders Letters, from 1997 to 2008 by Charles T. Munger.
Graham-Newman Partner Letters, from 1946 to 1958 by Benjamin Graham and Jerome Newman.
“Securities in an insecure world” lecture by Benjamin Graham.
“The Psychology of Human Misjudgement” talk by Charlie Munger.
“A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business “ talk by Charlie Munger.
Collection of transcripts from CNBC interviews with Warren Buffett.
Q&A with Notre Dame faculty, MBA students and Undergraduate students with Warren Buffett.
Q&A with the University of Kansas students with Warren Buffett.
Q&A with University of Maryland students with Warren Buffett.
Value Investing Courses
Behavioral Finance and Business Valuation by Professor Sanjay Bakshi
CAP@Columbia by Professor Paul Johnson
On Berkshire Hathaway by Paine Webber.
On Berkshire Hathaway by Matt Pauls.
On Berkshire Hathaway by Barclays Capital.
“Moody´s Rating Symbols and Definitions” by Moody´s.