Value Investing
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Value Investing
Recopilació de continguts sobre la valoració d'accions segons els criteris de Benjamin Graham i David L. Dodd; el que es coneix popularment com "Value Investing".
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Fracking, una tècnica sobrevalorada per la comptabilitat creativa

Fracking, una tècnica sobrevalorada per la comptabilitat creativa | Value Investing | Scoop.it
San Leon Energy i BNK Petroleum són les representants del sector del "fracking" a Espanya que utilitzen tècniques comptables per impulsar els ingressos.
The Money Glory's insight:

Els pobres rendiments que generen les reserves de gas pissarra indueixen a les multinacionals a "maquillar" els estats comptables. 

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Markets Evolve, as Does Financial Fraud

Markets Evolve, as Does Financial Fraud | Value Investing | Scoop.it
Regulators and investors face the challenge of finding the fine line between permissible trading and market manipulation.
The Money Glory's insight:

Els estafadors de guant blanc es renoven

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A Dash of Insight: Advice for Young Investment Professionals

A Dash of Insight: Advice for Young Investment Professionals | Value Investing | Scoop.it
Tom Brakke's work is a consistent source of ideas and inspiration. He recently challenged some of his many admirers to provide a few thoughts for a book project. I eagerly await the result, and I am delighted to be included...
The Money Glory's insight:

Consells d'un estratega financer amb experiència als amateurs en el camp de la inversió.

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the research puzzle : consistent and repeatable

the research puzzle : consistent and repeatable | Value Investing | Scoop.it

We have come to view “consistent and repeatable process” as the Holy Grail of investment manager selection.  The phrase has become the descriptive standard most used by those who evaluate managers, so that if you interact with consultants or financial advisors, you are bound to hear it frequently. It’s nice in theory, but there’s a big gap between theory and practice.  First off, process is way messier in most cases than those diagrams of process in pitch books and on websites would have you believe.  Which parts, specifically, are consistent?  How are they repeatable?

The Money Glory's insight:

Creativititat en el procés de inversió

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goodwill: a quirky concept

goodwill:  a quirky concept | Value Investing | Scoop.it
goodwill My daughter, who's in an MBA program, called up the other night to register her thoughts (read: complaints) on how bogus the concept of goodwill is. She's right...the concept of goodwill i...
The Money Glory's insight:

Definició i raons que té una empresa per registrar actius a la partida de "Goodwill"

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20 Years of Sears: Forlorn Stores, Happy Investors. Thank Spinoffs

20 Years of Sears: Forlorn Stores, Happy Investors. Thank Spinoffs | Value Investing | Scoop.it
Imagine, for a moment, an investor who bought stock in Sears Roebuck & Co. in the middle of 1993 - the last year the company produced its signature Big Book catalog - and then forgot about it until now.
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The Brooklyn Investor: What To Do In This Market

The Brooklyn Investor: What To Do In This Market | Value Investing | Scoop.it

After such a huge rally since the great recession, and now after a huge runup this year people are wondering what to do with their money.  Many are afraid that the markets will tank as they are getting bubbly and there will eventually be tapering that will most certainly be devastating to the markets. 

But then people like Buffett just keep buying stocks and telling people stocks are the place to be, even recently.  When people ask him about stock prices, he always says that if stock prices go down it would make him happy as he will find more things to buy.  Munger also says that bad times and low stock prices are good; that's how businesses grow.  That's how the rich get richer; they just take advantage of dislocations to expand.   

The Money Glory's insight:

Vendre? Comprar? Que s'ha de fer en un mercat que es considera sobrevalorat?

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A Dozen Investors Talk about the Folly of Macroeconomic Forecasting and the Importance on Focusing on Valuation/Margin of Safety TODAY

A Dozen Investors Talk about the Folly of Macroeconomic Forecasting and the Importance on Focusing on Valuation/Margin of Safety TODAY | Value Investing | Scoop.it
1.  “Charlie and I don’t pay attention to macro forecasts. We’ve worked together now for 54 years, and I can’t think of a time when we made a decision on a stock or on a company.” Warren Buffett.  ...
The Money Glory's insight:

Ets capaç d'entendre totes les variables macroeconòmiques i predir-ne el seu futur? Impossible.

Per aquest mateix motiu les inversions basades en la valoració fonamental de les empreses són relativament més simples.

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