Investment Strategy
A large portion of the world's most successful and famous investors have been value investors, meaning that they buy cheap out-of-favor companies (aka "value stocks") and prosper as those companies continue to perform fundamentally well against market consensus. For this to work, either the company remains cheap and goes on to spend money on … [Read more...]
I recently wrote an article on FA Trader that gives an update on one of my core holdings, Brookfield Asset Management. This is an exceptionally well-managed company that, despite consistent outperformance, is not overvalued in my opinion while many other companies are these days. As a Canadian firm with a complex structure, it's not included … [Read more...]
A great company doesn’t necessarily make a great stock pick, and a troubled company doesn’t necessarily make a bad stock pick. That’s because in addition to analyzing the quality of the business and the expected earnings and cash flows it may produce, investors need to consider the price they’ll pay for it. Regardless of how popular a growth … [Read more...]
I wrote an article on FA Trader that outlines some of the key opportunities in global value stocks. Long story short, there are places in the world that have very cheap equity valuations on top of value cheap currency valuations, so it's like a coiled spring for huge returns if these situations ever normalize. And the longer the situation goes … [Read more...]
I wrote an article on FA Trader that talks about why international equities, especially from certain countries, have a solid probability of outperforming U.S. equities over the next decade. Nothing is for certain, but in terms of valuation, growth, dividends, and currency strength, there are many countries that are better-positioned for good … [Read more...]