Mr. Market
Mr. Market is the subject of a parable, created by Benjamin Graham, author of The Intelligent Investor and held by many as the father of value investing. He is an allegory for the stock market. […]
March 18, 2014
Forward Thinking. Finding Value.
The Paradoxical Secrets of Growing Real Wealth by Leveraging the Tax System
When is a 10% Return Better Than An 11% Return? To Discover The Answer to this Riddle, Read On… Sometimes it is easy for investors to forget what they have set out to accomplish. In […]
March 14, 2014
Investing Like Ted Williams
Williams came up with three rules to hit by that I think translate very well to value investing. There are two things I look forward to every year end. Spending time over the holidays with […]
January 14, 2014
How Pender Thinks about Risk
“All investment evaluations should begin by measuring risk.” — Charlie Munger, Vice Chairman – Berkshire Hathaway We are old fashioned when it comes to our definition of risk. We concur with the dictionary’s basic term, […]
November 8, 2013
Volatility
Technically, volatility refers to the average difference between a stock’s expected and actual returns. The actual returns may be above or below what is expected or benchmarked, and diversifying a portfolio will smooth the overall […]
October 17, 2013
Value Investing
At its most simple, value investing is an investing strategy whereby investors buy a stock they believe to be undervalued (compared to an estimate of the company’s intrinsic value), with a view to profiting when […]
October 17, 2013
Bond Yields
Yield measures a bond’s rate of return. It is calculated differently than a regular stock return because it takes into account the interest and coupon rates, as well as the time to maturity. Related Content:[catlist […]
October 8, 2013
Margin of Safety
Benjamin Graham, believed by many to be the father of value investing, wrote in his book The Intelligent Investor, “Confronted with [the] challenge to distill the secret of sound investment into three words, we venture […]
October 8, 2013
Intrinsic Value
Intrinsic value is the actual value of a company as opposed to its current market price. If an investor can conservatively estimate an actual intrinsic value range for a company, then he or she can […]
October 8, 2013
Key Factors in the Manager’s Value Investment Strategy
Our investment strategy is guided by four core concepts of intelligent investing.
September 27, 2013
