Most retail investors buy and sell stocks without any clue about how things work behind the scenes. They have no idea how their orders are handled, and what motivates the behavior of various market participants. Although a detailed understanding of market microstructure is not necessary for investing, understanding it clears …
There aren't many books that describe deep value investing and net-net investing in detail. This is perhaps because the strategy is increasingly forgotten in favor of buy-and-hold long-term competitive advantage value investing advocated by Warren Buffett et al. Deep value investing was of course described in Security Analysis by Graham …
Warren Buffett is known for being a legendary investor. He is known as a proponent of value investing, and for decrying the rampant speculation and gambling by self-proclaimed "investors". Value investors spend countless hours studying his techniques, and reading his partnership letters. However, did you know that Warren Buffett used …
I was recently looking for US stockbrokers who are able to open accounts for foreigners (non-resident aliens) from most countries. Surprisingly few brokers are willing to open an account for non-US residents, and some of those who do accept international clients only accept those who live in a small list …
This is a roadmap for learning value investing that I wish I had when I started out. The value investing that I am referring to is value investing in the style of Graham and Dodd. This list of books allows a beginner to start from zero knowledge, and end with …