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5 Rockin’ Investing Ratios and Why I Like It. Investing Ratios | Flickr: psd Here are the investing ratios, in no particular order, that I like to check in order to get a good all round picture of a company. Here are the 5 Rockin’ Investing Ratios Price to Book Value (P/B) Where would a value investor like me be without the P/B ratio. It is one of the most fundamental metrics and will tell you at what level a stock is trading in relation to its book value. You may also want to compare P/B to its P/Tangible Book Value. Free Cash Flow to Sales (FCF/Sales) I first came across this metric while reading the 5 Rules for Successful Stock Investing. How much of sales is converted to FCF? AAPL has a TTM FCF/Sales of 0.28 = 28% Amazing.

Apple is able to convert 28% of its sales into FCF. Compare that to a company like GMCR which has a TTM FCF/Sales ratio of -0.03. Cash Return on Invested Capital (CROIC) CROIC is a fantastic metric first popularized by Joe Ponzio of F Wall Street. CROIC = FCF/Invested Capital Enterprise Value to Free Cash Flow (EV/FCF) Buffett on Europe's 'Fundamentally Flawed System'

Seth Klarman interview by Charlie Rose | Graham and Doddsville. Seth Klarman: The Oracle of Boston. Fundoo Professor. Plans_And_Pricing. [ Log On ] ValueScreeners Only 99€/Quarter or 299€/Year Unlimited access to all screeners US, Europe, UK & Japan markets KPIs on more than 22.000 stocks Choose Plan Newsletter Only 69€/Quarter or 209€/Year New recommendations every month Access to our EU & US portfolio Choose Plan Saver Combo Only 129€/Quarter or 399€/Year Full access Valuescreeners and Newsletter Choose Plan With customers in over 20 countries, Value-investing is the world's leading provider of value investing screeners and systematic quantitative value investing research. What's so special about your offering? Our technology is good value for money. What type of payments do you accept? We accept Paypal and all major credit cards such as Visa, American express and Mastercard. Can I stop the subscription? Our contracts are quarterly or yearly subscriptions that should renew automatically.

Value Investors Club. Warren Buffett Partnership Letters. Banker's wife: 'I knew what I was getting into' | Joris Luyendijk. People in finance work incredibly long hours. What's it like being married to such a person? In an earlier post here, a banker's ex-girlfriend spoke of her failed attempts to make her relationship work. Her story made you wonder how other partners of bankers feel. There must be many who are happy with the lifestyle? She agreed to sit for an interview, after warning: "I have no extravagant stories to share".

"I think it helps that I know what it's like for him. "The world of finance is a way of life. "When the last crisis hit, at some point almost all our foreign friends had left London. "I knew what I was getting into. "You're asking, I sacrificed my career to come live with him, now what is he sacrificing for me?

"On weekdays I do not include my husband in any of my after-office plans. "It strikes me sometimes what a different life other people lead. "Besides, it used to be much worse. "We do hope to have kids at some point. "You want me to estimate a starting teacher's salary? Revisiting why incompetents think they’re awesome. In 1999 a pair of researchers published a paper called "Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments (PDF). " David Dunning and Justin Kruger (both at Cornell University's Department of Psychology at the time) conducted a series of four studies showing that, in certain cases, people who are very bad at something think they are actually pretty good.

They showed that to assess your own expertise at something, you need to have a certain amount of expertise already. Remember the 2008 election campaign? The financial markets were going crazy, and banks that were "too big to fail" were bailed out by the government. Smug EU officials proclaimed that all was well within the EU—even while they were bailing out a number of financial institutions. In all of this, uninformed idiots blame the Greeks for being lazy, the Germans for being too strict, and everyone but themselves. This paper has become a cult classic. Bruce Berkowitz: The megamind of Miami. He may be the most driven investor on earth. And now the founder of the $17 billion Fairholme Fund is making the boldest bet of his career. Berkowitz in his home office in Coral Gables, Fla., with his beloved poodle, Jazz.

He struggles to sustain interest in anything besides investing. "You do what you enjoy," he says. Bruce Berkowitz is starting to sweat. It's just after 5 a.m. on a Thursday, and the man who is arguably the top mutual fund manager on the planet is briskly walking his usual morning route on the mansion-lined streets of his gated neighborhood in Coral Gables, Fla., just outside Miami. Alongside him is his investing partner, right-hand man, and next-door neighbor, Charlie Fernandez, who is furiously scrolling through e-mails on his BlackBerry as the two bat around ideas for the portfolio of Fairholme, (FAIRX) the $17 billion fund Berkowitz started 11 years ago.

Berkowitz may not be a household name to most investors, but he should be. Getting away from Wall Street. Why Some of the Strongest Firms Disappointed Investors. Pat Dorsey: Hi, I'm Pat Dorsey, director of equity research at Morningstar. With all of the focus we give to economic moats or a competitive advantage at Morningstar, I think sometimes investors may lose sight of the fact that we also pay very close attention to the price we pay for the stocks that we recommend, because, of course, an expensive wide-moat stock is going to deliver you a very bad prospective return relative to a cheap no-moat stock.

And I think, unfortunately, this has colored the experience of a lot of people over the past decade, when perhaps they owned a portfolio of blue chips in say 2000 at very high valuations, and while those companies may have retained their competitive advantages and grown earnings and done very well operationally over the past decade, well, frankly, the shares have either gone down or gone nowhere as the valuation has compressed. So, let's look at Cisco, which of course, was the poster child for the Internet back in the dot-com era.

Www.metropoliscapital.co.uk/wp-content/uploads/2011/05/A-weekend-in-Omaha-2011.pdf. Www.metropoliscapital.co.uk/wp-content/uploads/2012/01/Causes-and-consequences-of-the-Eurozone-crisis.pdf. Metropolis Capital | Why every Non Exec should think like Warren Buffett. Why every Non Exec should think like Warren BuffettA value investing framework for protecting Shareholder Capital From the outside, Non Executive Directors have it easy, rolling up to the odd Board meeting and collecting a handsome pay cheque – it used to be described as a gravy train. As investment managers, we see it very differently. Non Execs have a very challenging and vital role, covering a broad range of responsibilities but based on a limited (by time) knowledge of the day-to-day workings of the businesses they help to govern. One part of the range of responsibilities which we see little written about or discussed is capital allocation.

As a role model for applying the responsibilities of a Non Executive, we look to the most successful builder of shareholder capital, Warren Buffett. Ultimately, the role of an NED is of course that of protecting shareholders interests. We see this lack of discipline within corporate acquisitions time and time again. Research by Raj and Forsyth.

Www.metropoliscapital.co.uk/wp-content/uploads/2011/11/the-manual-of-ideas_interview_simon-denison-smith.pdf. Magazine - What Would Warren Do? The Sage of Omaha has redefined the idea of value investing. But will its principles survive his inevitable passing? Ben Baker/Redux For Warren Buffett’s most devoted followers, a meal at Gorat’s Steak House is near the apex of the visit to Omaha for the Berkshire Hathaway annual meeting, second only to seeing Buffett onstage at the Qwest Center. You do not eat at Gorat’s for the food, which is the apotheosis of indifferent midwestern cooking. After five days in Omaha, I still don’t understand what Buffett’s disciples hope to learn by copycatting his food choices. More like the early Christians in pagan Rome than the millions of Muslims thronging Mecca, Buffett’s hard-core “value investors” are few, and in many ways, their entire lives run against the grain of the dominant culture.

And, of course, there is Buffett himself. I wasn’t the only one wondering about this. Beyond a certain point, what Warren Buffett does can’t be taught. These are admirable traits in any investor. Mr. Buffett on the Stock Market The most celebrated of investors says stocks can't possibly meet the public's expectations. As for the Internet? He notes how few people got rich from two other transforming industries, auto and aviation. - November 22, 199.

Mr. Buffett on the Stock Market The most celebrated of investors says stocks can't possibly meet the public's expectations. As for the Internet? He notes how few people got rich from two other transforming industries, auto and aviation. (FORTUNE Magazine) – Warren Buffett, chairman of Berkshire Hathaway, almost never talks publicly about the general level of stock prices--neither in his famed annual report nor at Berkshire's thronged annual meetings nor in the rare speeches he gives. But in the past few months, on four occasions, Buffett did step up to that subject, laying out his opinions, in ways both analytical and creative, about the long-term future for stocks. FORTUNE's Carol Loomis heard the last of those talks, given in September to a group of Buffett's friends (of whom she is one), and also watched a videotape of the first speech, given in July at Allen & Co.' Investors in stocks these days are expecting far too much, and I'm going to explain why.

And what do they come to? U.S.