Abstract In 2002, David Einhorn presents Allied Capital as a short candidate during a conference due to the business’ fraudulent accounting […]
Book Summary of Market Wizards: Interviews with Top Traders
Abstract Market Wizards is a collection of interviews with traders who have turned measly sums into great fortunes. From those interviews, […]
Book Summary of Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Abstract Nassim Taleb has written a book about how we mistake skill from randomness, chance and luck. Though the ‘success stories’ go to great lengths […]
Book Summary of Value Investing: Tools and techniques for intelligent investment
Abstract Risk is an illusive concept. However, the author tries to outline how one might perceive risk by highlighting the three […]
Are there any bargains among the “expensive defensives”?
A wise man once told me: “Never recommend a stock to anyone. You’re bound to loose. If it rises, they’re […]
Book Summary of Warren Buffett Accounting Book
Abstract The authors outline the principles and rules of value investing, which are guiding principles that’ll aid the analyst in finding ‘Buffett-type […]
Book Summary of Charlie Munger: The Complete Investor
Abstract There are four value investing fundamentals that – if adopted properly by the investor – will give you an edge and […]
Book Summary of The Richest Man in Babylon
Abstract The Richest Man in Babylon outlines a set of timeless principles necessary to become rich. Babylon’s richest man, Arkad, […]
Book Summary of Priceless: The Hidden Psychology of Value
Abstract Intrinsic value – that fair value, which a security should trade at as so forth the market was governed exclusively […]
Book Summary of Extraordinary Popular Delusions and the Madness of Crowds
Abstract This 176 year old book outlines some bizarre cases of crowd psychology that have caused men to toss out […]
Stock Analysis of McKesson Corp. (MCK): Don’t Buy Drugs – Unless They’re Undervalued
A wise man once told me: “Never recommend a stock to anyone. You’re bound to loose. If it rises, they’re […]
Book Summary of Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett The World’s Most Famous Investor
Abstract Business perspective investing is the “Warren’s Winning Way”. It entails projecting a future value for the business and surmise when said value […]
Book Summary of Find the Best Stocks: Use the Annual Report and Invest Right
Abstract Find the best stocks (Danish title: Find de bedste aktier) goes through the annual reports structure and components, metrics and qualitative […]
Book Summary of Manias, Panics, and Crashes: A History of Financial Crises
Abstract An archetypical boom-and-bust cycle goes something along the lines of: Imagine that we’re at the bottom of a credit […]
Book Summary of Warren Buffett Speaks: Wit and Wisdom from the World’s Greatest Investor
Abstract Warren Buffett Speaks is a collection of quotes from the Oracle that outlines what it takes to be a […]
Book Summary of Accounting for Value
Abstract The author burns this quote into the readers’ mind: “One does not buy a stock, one buys a business […]
Book Summary of Triumph of the Optimists: 101 Years of Global Investment Returns
Abstract Triump of the Optimists is a look back on asset classes’ (stocks, bonds, currency) return across 16 countries over […]
Book Summary of A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market
Abstract From Las Vegas to Wall Street, Edward O. Thorpe beats ‘the house’ at their own game. Professional gambling and […]