One of the more closely followed value investors working today, Charles Brandes is a disciple of Benjamin Graham. Like almost all of the well-known value. Lessons From 40 Years of Value Investing – Charles Brandes . think that valuation using value investing principles is more challenging today. Charles Brandes: 4 ways to make money now from value investing . That’s increased to nearly 20 percent today. One country that’s looking.

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By choosing stocks that are selling at a discount to our estimates of their intrinsic business value, Brandes seeks to establish a margin of safety and an opportunity for competitive long-term performance. This is one of the best value books I have read. At that time, Mexico would have been called a frontier market, not an emerging market.

I learned about the need to focus on long-term thinking and to think like I was the owner of the whole company—regardless of how much of the stock I owned.

Lessons From 40 Years of Value Investing – Charles Brandes

Charlee, I do not think so. If you have ever been frustrated watching a company make poor decisions, this chapter is definitely for you. Contrary to popular belief, by decreasing risk, this method increases potential reward. At the core of our year vision is a steadfast dedication to our clients.


Thomas Harris rated it liked it Sep 29, But human beings are herd animals, too. Jason Miller rated it really liked it Feb 10, The value strategy clearly does better when markets fall.

The only reports I could get was some old balance sheets and income statement for two years. After making the purchase, I asked Graham if we could get together to talk about investing.

But we have found that we can handle 50—70 positions well and that it is a good way to build a portfolio. I was looking at our large-cap international portfolio today, and its dividend yield was 4. Value Investing Today does an excellent job zeroing in on why value investing works.

Lessons From 40 Years of Value Investing – Charles Brandes

I could barely put this book down – I read it so fast I thought the virtual pages would catch fire! I was hoping Brandes would reveal the possibilities and provide me with a great explanation on how I could invest internationally beyond ETFs, but I feel he let me down somewhat.

This means that we invest significantly in our business and our people. Is a focus on dividend investing important to you? If you look at the rest of the institutional investor world, our portfolios appear to be fairly concentrated with 50—70 different positions. It would have helped greatly if he were to explain these different asset vehicles in a much less convoluted way… without ducks.

Charles Brandes Resource Page

Yes, that was charlea quote in the letter. Brazil, for example, is a scary place now from a geopolitical perspective, but there are some good companies there that are very cheap.


Subscribe to ValueWalk Newsletter. New chapters on the psychology of investing and corporate governance Expanded discussions on the importance of margin of safety Increased correlations among world markets, and how to capitalize on them Also, people are afraid of Europe because of the potential for recession or because of the euro, but we are finding good companies there.

Just stick to fundamental investing as hoday are only a couple of times when you should be concerned about the market. Our mission is to be an exceptional firm that provides superior investment advisory services in an atmosphere of accomplishment and enjoyment.

It is clear that the book is more focused on newer investors, with the aim of convincing them that value investing is a meaningful way to achieve extraordinary gains.

Trivia About Value Investing T Thomas Harris rated it liked it Dec 06, He was flattered that I was going to use the Graham and Dodd philosophy. Sam Scherf rated it it was amazing Jan 25,