15 VALUE INVESTING BLOGS WORTH YOUR WHILE
It has been almost three months since my last post and the two readers that I had have likely given me up for dead (for the value investing community anyway). Bloggers tend to do this – wander off. It has been the fate of many awesome blogs.
I don’t know what the average lifetime of a personal value investing blog is, but it’s still not the time of this one. Now that I am done relocating, I intend to go back to posting once every one or two weeks, although there certainly aren’t as many compelling opportunities out there as there used to be in the past five years.
Since this post is about the fate of value investing blogs, I will share the best of the ones I follow.
- Geoff Gannon (now Gannon and Hoang on Investing) – Although he has been rather silent lately, his was the first value investing blog I was deeply impressed with. I am sure Geoff’s words of wisdom have touched countless budding value investors. The invaluable insight offered made reading his lengthy articles a breeze. I even went as far as taking the Wayback Machine to read his posts going all the way back to December 28, 2005. From what I’ve read, he has been averaging 23% annually in the past 4 years vs 14.6% for the S&P 500. The fact that the guy is a high school dropout makes all of the above twice as impressive.
- Oddball Stocks – As a true Grahamite, Nate is constantly running his Geiger counter over the rubble and comes up with the most obscure stocks you’ve never heard of. If you want to learn more about the gems (and coals) he is digging up, be sure to subscribe to his database atUnlistedStocks.net.
- OTC Adventures – As the name suggests, another treasure trove of obscure, unloved companies that still happen to be public. Dave’s neat summaries are often a starting point of my research into a company.
- Whopper Investments – Yet another deep value guy. Until recently Andrew was picking out the whoppers among micro caps, but lately he has been dabbling in arbitrage. I guess he finds the bargain bin empty. If you follow Whopper, you won’t be bored. He posts at least 2-3 times a week on his blog and also contributes to Seeking Alpha. He and Jeff got me excited enough about blogging to actually start.
- Ragnar Is a Pirate – Talking of Jeff, another fan of obscure stocks and a very DIY guy who’s not afraid to get dirty in every sense of the word.
- Value Uncovered – Adam, too, seems to have fallen victim to the current dearth of great ideas. Yet, whenever he posts, he makes it worth your while.
- Fat Pitch Financials – George has also started posting infrequently in the past year or so. But he still runs his famous Workouts portfolio on Covestor.
- Greenbackd – Tobias co-authored a very well-received book (I am behind on my reading), titledQuantitative Value. He keeps posting on this topic on his blog.
- The Brooklyn Investor – This relatively new investing blog (started Sep’11) quickly proved its worth and became one of my favorites. The author knows a lot about financial companies and generously shares his insight.
- Barel Karsan – Cheap stocks, value in action, and value fails – you’ll find it all. Saj Karsan runs a value-oriented investment fund and is not shy to post his performance for the everyone to see.
- Share Sleuth – If you want to read more about good value stocks in the UK, Richard Beddard’s blog is a good place to start. Make sure to check the two virtual portfolios he runs.
- Eurosharelab – Tim publishes a newsletter focusing on European stocks, but he also has a blog with tons of helpful advice.
- Aleph Blog – David is a veteran of the insurance industry and a professional money manager. There are very few as experienced and profound guys as him out there, sharing their advice for free. Whether you want to be well-off in life, to become a better analyst, or to scan the news more efficiently, Aleph offers sound advice.
- Bronte Capital – Moving on with the professional money managers, John Hempton is a favorite short-seller from Australia. I am yet to short my first stock, but that doesn’t stop me from enjoying John’s insightful and funny articles (so funny that they were taken down).
- The Reformed Broker – Joshua Brown is another pro player in the investment game. That you will learn a lot is a given, but you will also be entertained with posts like this one for example.
Those are the one’s from my RSS feed that I picked out this time. Certainly the list is not comprehensive, but that was not the point anyway.
By the way, RSS is still a great way to follow huge numbers of online publications, despite Google’s lame attempt to kill it. Feedly is the way to go now. It has one-click migration from Google Reader and it looks, feels, and navigates much better.
Also, all the guys above also have Twitter accounts. Be sure to follow them even if you have their blogs in your RSS feed already. You’ll get extra 140-character wisdom.
If you have awesome value investing blogs to share, please do so in an email. The spam filter will probably not allow comments with too many links in them.
- Geoff Gannon-(現在的Gannon and Hoang on Investing部落格)
雖然他最近很沉靜，他是第一個讓我留下深刻印象的部落客。我非常確定 Geoff’s 充滿智慧的言語已經啟蒙了無數的投資者。他提供了寶貴的見解使得讀者閱讀他的長篇大論變得輕而易舉。我甚至利用 Wayback Machine(現在是世界上最大的數據庫)。根據我所研讀過的資料，他在過去的四年間平均獲利23%，S&P 500的平均獲利為14.6%。 (S&P 500，標準普爾500指數，(統計美國上市的500個大型股，為大型股票的重要指標)。相對於他高中中輟生的背景讓人印象倍加深刻。
- Oddball Stocks –身為一個貨真價實的葛拉翰學派的信徒，Nate不斷的用他的探測器在一片廢墟當中挖掘出那些你可能從未曾聽說過的股票，如果你想深入了解他從石礫堆中挑選出哪些寶石，那你一定要訂閱他UnlistedStocks.net的數據庫。
- OTC Adventures-一如部落格的名稱所暗示 – 另一個未知的寶庫，也就是那些公認不討喜的公司。Dave 精簡扼要的總結，往往成了啟發我研究一間公司的起點
- Whopper Investments -另一個值得深入研究的部落客。直到最近Andrew都還在微型股中找到了潛力股,，但他最近套利不少(dabbling in arbitrage)。我猜他是利空出清了(bargain bin empty)。如果你持續關注 Whopper這個網站，你不會感到無聊。他每周發表2-3次也同時在 Seeking Alpha 上發佈。(Seeking Alpha= 美股分析論壇)。他和Jeff足以激起我開始經營部落格的興趣。(Jeff同為 Seeking Alpha上發文的部落客，也是第5個網站 Ragnar Is a Prite 的部落客)。
- Ragnar Is a Pirate –談到Jeff，是另一位喜歡探索不為人知的股票的愛好者。就各種意義而言，他喜歡不假他人之手，自己動手研究的部落客。
- Value Uncovered –Adam，也是最近較少貢獻好文章的部落客之一。儘管如此，他的PO文都是值得您花時間研讀的。
- Fat Pitch Financials –喬治在過去的一年內變得較少發表文章，但他有名的投資組合練習(Workouts portfolio)仍持續地在 Coverstor (美國線上投資管理平台)上進行。
- Greenbackd –Tobias 與人合著了一本深受好評的書─Quantitative Value (不過我尚未拜讀). 他持續在他的部落格發佈關於這個話題的文章。
- The Brooklyn Investor –最近新開張的投資部落格(自9/11開始)，很快的就發現他的價值，成為了我的最愛名單中的一員。這個部落客熟知很多財務公司並慷慨的分享他的見解。
- Barel Karsan –不論是低價股、績優股、地雷股-( Cheap stocks, value in action, and value fails)你全都能發現。Sai Karsan 操作以價值為導向的投資基金，他總是不吝於與大家分享他的見解。
- Share Sleuth –如果你想知道UK股市中有哪些優質股票，研究Richard Beddard的部落格會是一個好的開始。務必要研讀他研究的兩大模擬投資組合。
- Eurosharelab –Tim 主要是發行關於歐股的電子報，但他同時也在部落格上提出許多有用的建議。
- Aleph Blog –David 是一位保險業的的老手，也是一位資深的理專。很少有人可以像他一樣如此專業且經驗豐富，並大方地分享他的建議。(sharing their advice for free.)無論是你想要讓生活過得更好、變成一個更專業的分析師，或是得到更多有益的消息，在這裡總是能得到中肯的意見。
- Bronte Capital –再來提到的也是一位專業的理專 ─ John Hempton 是來自澳洲的空軍俱樂部成員(short-seller)。即便我都還沒開始放空股票，但我仍享受拜讀John這些充滿見地且有趣的文章。(實在是有趣到讓人不得不記上一筆)
- The Reformed Broker –Joshua Brown 也是另一位專業的投資玩家。你可以從中學習到很多，也同時得到很多有趣的資訊(如範例)