Newbie needs help to learn about value investing

[nelson7lim]

you guys provided with a wealth of information. it might some time for me to check those out and digest as i am serving my ns now. so am now in camp. i will check those out when i get home and have access to computers. but the information and books recommended can keep me busy for some time.

[FFNow]

You can refer to my blog post link below on "How to get started in value investing?". I have recommended books and sites in there. Hope it helps!

http://financiallyfreenow.wordpress.com/...investing/

[paullow]

I am new to fundamental analysis and got to know about value investing, growth and garp. I read that garp is more of a combination of value and growth investing knowledge. Therefore, I decided to learn about value investing first as it is used by popular investors like warren Buffett. But I don't know where to start, I current am reading the intelligent investor by Benjamin graham and I also bought one up on wall street by Peter lynch. Is there any thread you guys recommend or members highly recommended to follow?

My sincere advice to you is you have a whole life time to learn. So take your time to learn as much as you can. And Then find out yourself what works for you. i am still learning. It means i may still make mistakes. Only hopefully not so obvious foolish mistakes. May you enjoy your lifelong-investment journey.
Shalom!

Agree. but value investing is not for everyone. some people would go for bricks and mortar. in value investing, sometimes after making some errors and losing some money, then will refine own selection criteria.

one persons selection criteria may not suit anothers.

each and everyone circumstance and financial situation and financial psychology different.

PL

[CityFarmer]

Agree. but value investing is not for everyone. some people would go for bricks and mortar. in value investing, sometimes after making some errors and losing some money, then will refine own selection criteria.

one persons selection criteria may not suit anothers.

each and everyone circumstance and financial situation and financial psychology different.

PL

As far as i understand, value investing is a concept, not a selection criteria.

The concept of the value investing may not only applicable for equity investing, but to other investment as well. It may even applicable on our daily life

You may surprise to see the inefficiency of value vs price in our daily purchases of services and products. How often do we purchase over-priced products and services in life?

[dzwm87]

To add one more, Philips Fisher's "Common Stocks and Uncommon Profits"

Certainly! how did i miss that!

Btw, you can also get specific industry knowledge by exploring the Fisher Investment series. They cover different industry sectors

[paullow]

Agree. but value investing is not for everyone. some people would go for bricks and mortar. in value investing, sometimes after making some errors and losing some money, then will refine own selection criteria.

one persons selection criteria may not suit anothers.

each and everyone circumstance and financial situation and financial psychology different.

PL

As far as i understand, value investing is a concept, not a selection criteria.

>>agree that its a concept. but how much value one sees it is subjective. for instance, a stock at half NAV is more attractive to some than to others.

The concept of the value investing may not only applicable for equity investing, but to other investment as well. It may even applicable on our daily life

>>true, but each and everyone circumstance (financial+psy+other) is different so much take that into consideration before jumping into any buys.



You may surprise to see the inefficiency of value vs price in our daily purchases of services and products. How often do we purchase over-priced products and services in life?

>> as an example, at this current sky high coe, some would still take 100% loan for their cars, while some buy old cars and pay full cash. so true that u would be surprised that what people do.

<Just my opinion. No need to agree or disagree or get happy or get angry>

PL

[Temperament]

Agree. but value investing is not for everyone. some people would go for bricks and mortar. in value investing, sometimes after making some errors and losing some money, then will refine own selection criteria.

one persons selection criteria may not suit anothers.

each and everyone circumstance and financial situation and financial psychology different.

PL

As far as i understand, value investing is a concept, not a selection criteria.

>>agree that its a concept. but how much value one sees it is subjective. for instance, a stock at half NAV is more attractive to some than to others.

The concept of the value investing may not only applicable for equity investing, but to other investment as well. It may even applicable on our daily life

>>true, but each and everyone circumstance (financial+psy+other) is different so much take that into consideration before jumping into any buys.



You may surprise to see the inefficiency of value vs price in our daily purchases of services and products. How often do we purchase over-priced products and services in life?

>> as an example, at this current sky high coe, some would still take 100% loan for their cars, while some buy old cars and pay full cash. so true that u would be surprised that what people do.

<Just my opinion. No need to agree or disagree or get happy or get angry>

PL

Exactly! 100% loan to buy a Ferrari is O. K. for PAPYS but not for a solid BRICKS & MOTAR. Just wondering where is the logic? Of course high "SEE HOH E" you know benefit who. Yet there are more and more FERRARIs and other sport cars on the road. I did not see such phenomenon in the past when 'SEE HOH E" was almost 100K-Higher than the present high. Just wondering how many are PRs or non-citizens behind the sport car's steering wheels? Or Sinkaporeans have changed their outlook in life? So what is your value in life?

[paullow]

Agree. but value investing is not for everyone. some people would go for bricks and mortar. in value investing, sometimes after making some errors and losing some money, then will refine own selection criteria.

one persons selection criteria may not suit anothers.

each and everyone circumstance and financial situation and financial psychology different.

PL

As far as i understand, value investing is a concept, not a selection criteria.

>>agree that its a concept. but how much value one sees it is subjective. for instance, a stock at half NAV is more attractive to some than to others.

The concept of the value investing may not only applicable for equity investing, but to other investment as well. It may even applicable on our daily life

>>true, but each and everyone circumstance (financial+psy+other) is different so much take that into consideration before jumping into any buys.



You may surprise to see the inefficiency of value vs price in our daily purchases of services and products. How often do we purchase over-priced products and services in life?

>> as an example, at this current sky high coe, some would still take 100% loan for their cars, while some buy old cars and pay full cash. so true that u would be surprised that what people do.

<Just my opinion. No need to agree or disagree or get happy or get angry>

PL

Exactly! 100% loan to buy a Ferrari is O. K. for PAPYS but not for a solid BRICKS & MOTAR. Just wondering where is the logic? Of course high "SEE HOH E" you know benefit who. Yet there are more and more FERRARIs and other sport cars on the road. I did not see such phenomenon in the past when 'SEE HOH E" was almost 100K-Higher than the present high. Just wondering how many are PRs or non-citizens behind the sport car's steering wheels? Or Sinkaporeans have changed their outlook in life? So what is your value in life?

well, just stay healthy for me and my loved ones, have enough to save and spend, the rest secondary.

for stocks, at current valuation, i've got quite a fair bit inside, but it's a defensive portfolio, so the longer this financial crisis lasts, the better for me, cos i will use my dividends to buy more stocks on the cheap.

for car, i'm using a 9yr old toyota, paid full at onset.

a good night's rest is very impt. to have debts or worries +++ is really a bad thing and disruptive to one's wellbeing.

PL

[Temperament]

Agree. but value investing is not for everyone. some people would go for bricks and mortar. in value investing, sometimes after making some errors and losing some money, then will refine own selection criteria.

one persons selection criteria may not suit anothers.

each and everyone circumstance and financial situation and financial psychology different.

PL

As far as i understand, value investing is a concept, not a selection criteria.

>>agree that its a concept. but how much value one sees it is subjective. for instance, a stock at half NAV is more attractive to some than to others.

The concept of the value investing may not only applicable for equity investing, but to other investment as well. It may even applicable on our daily life

>>true, but each and everyone circumstance (financial+psy+other) is different so much take that into consideration before jumping into any buys.



You may surprise to see the inefficiency of value vs price in our daily purchases of services and products. How often do we purchase over-priced products and services in life?

>> as an example, at this current sky high coe, some would still take 100% loan for their cars, while some buy old cars and pay full cash. so true that u would be surprised that what people do.

<Just my opinion. No need to agree or disagree or get happy or get angry>

PL

Exactly! 100% loan to buy a Ferrari is O. K. for PAPYS but not for a solid BRICKS & MOTAR. Just wondering where is the logic? Of course high "SEE HOH E" you know benefit who. Yet there are more and more FERRARIs and other sport cars on the road. I did not see such phenomenon in the past when 'SEE HOH E" was almost 100K-Higher than the present high. Just wondering how many are PRs or non-citizens behind the sport car's steering wheels? Or Sinkaporeans have changed their outlook in life? So what is your value in life?

well, just stay healthy for me and my loved ones, have enough to save and spend, the rest secondary.

for stocks, at current valuation, i've a bit more than $0.5m inside, but it's a defensive portfolio, so the longer this financial crisis lasts, the better for me, cos i will use my dividends to buy more stocks on the cheap.

for car, i'm using a 9yr old 3L lexus, paid full at onset.

a good night's rest is very impt. to have debts or worries +++ is really a bad thing and disruptive to one's wellbeing.

PL

Ha! Ha!
i agree. What seems good for you, i think is good for me too.
Cheers!

[CityFarmer]

As far as i understand, value investing is a concept, not a selection criteria.

>>agree that its a concept. but how much value one sees it is subjective. for instance, a stock at half NAV is more attractive to some than to others.

IMO, the value (or intrinsic value) is relatively objective, but the derivation of the value is subjective to individual skill, knowledge, information etc.

The concept of the value investing may not only applicable for equity investing, but to other investment as well. It may even applicable on our daily life

>>true, but each and everyone circumstance (financial+psy+other) is different so much take that into consideration before jumping into any buys.

IMO, value should independent on financial, physical and others on an individual. But affordability and suitability is dependence.

E.g. A same chicken rice in same hawker center will not have different value to different customers. Of course each customer can chose to over-pay it.

You may surprise to see the inefficiency of value vs price in our daily purchases of services and products. How often do we purchase over-priced products and services in life?

>> as an example, at this current sky high coe, some would still take 100% loan for their cars, while some buy old cars and pay full cash. so true that u would be surprised that what people do.

In this point, i fully agreed with you.

<Just my opinion. No need to agree or disagree or get happy or get angry>

PL

Do not worry. If I can learned something new from the exchanged of views/opinions, I will be more than happy