innerscorecard Posted January 13, 2015 Posted January 13, 2015 http://basehitinvesting.com/wp-content/uploads/2013/05/The-Security-I-Like-Best.pdf
Andy Dufresne Posted January 13, 2015 Posted January 13, 2015 No fancy DCF, no 2 or 3 stage DDM, no table comparing P/E, P/B, P/S, P/CF with other companies ... not sure it would get into Seeking Alpha for that matter!
Hielko Posted January 13, 2015 Posted January 13, 2015 http://basehitinvesting.com/wp-content/uploads/2013/05/The-Security-I-Like-Best.pdf No. But not sure if you want to get into VIC these days. I always read the (delayed) write-ups but it has been a long time since I found an idea truly attractive.
NeverLoseMoney Posted January 13, 2015 Posted January 13, 2015 No catalyst, no chance. Edit: actually the "wave of rate increases", leading to higher 1952 earnings was a potential catalyst. :-) I do think that ideas without catalysts do deserve to be published on VIC more and I have the impression that these ideas tend to get overlooked. Greenblatt is biased towards ideas with catalysts, because that has worked so well for him. It does not mean it is the only way to go and that other approaches to value investing cannot work well.
boilermaker75 Posted January 13, 2015 Posted January 13, 2015 who is this scrub? what's his track record? Yes and how many pages does he read every day?
Palantir Posted January 13, 2015 Posted January 13, 2015 Let's invert. Are there any investments like that today that have a simple writeup and are going to become as big as GEICO did?
augustabound Posted January 13, 2015 Posted January 13, 2015 who is this scrub? what's his track record? Who are you calling a scrub? The post that innerscorecard linked is John Huber of Saber Capital Management. What makes him a scrub in your eyes? Edit: full disclosure, I am not John Huber.
boilermaker75 Posted January 13, 2015 Posted January 13, 2015 who is this scrub? what's his track record? Who are you calling a scrub? The post that innerscorecard linked is John Huber of Saber Capital Management. What makes him a scrub in your eyes? Edit: full disclosure, I am not John Huber. Wasn't jawn619 jokingly referring to Buffett?
AzCactus Posted January 13, 2015 Posted January 13, 2015 Yes he was clearly saying jokingly I'm sure that Buffett is the scrub lol
augustabound Posted January 13, 2015 Posted January 13, 2015 Yes he was clearly saying jokingly I'm sure that Buffett is the scrub lol Carry on then. :-[ I read it as calling John Huber a hack. Nevermind then, nothing to see here. ;D I failed to click the link and totally missed the title of the paper and just saw basehit.
Guest Schwab711 Posted January 14, 2015 Posted January 14, 2015 Let's invert. Are there any investments like that today that have a simple writeup and are going to become as big as GEICO did? Interesting view. I think a number of people see AMZN in this way but the valuation takes away all of the GEICO-like profits. What exactly are we looking for to match the prospects of 1951 GEICO? A business with low market share and the lowest-cost producer in an industry with historically high demand or mandatory demand? TDG comes to mind though their ceiling is much lower than GEICO's. FICO but they already have such significant market share and the again the ceiling is only so high. Maybe a small beverage, insurance, bank, or retailer of basic goods (think AMZN/Wal-mart)? I guess the more likely answer may be some type of tech company since auto insurance was only mandatory in Mass in 1951 (with NY being the next domino in 1956 and the rest of the US in the 1970's which surprised me)! Anyone else have ideas for tech companies? Sadly I work in an IT role and know very little about many tech industries...
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