value investing

Value Investing Congress Las Vegas, May 6 & 7, 2013

Twice a year, our good friend, John Schwartz hosts the Value Investing Congress (VIC) which is one of the best investment conferences I've ever attended. The VIC's mission is to foster the growth of a vibrant community of serious value investors. Created by and for disciples of Benjamin Graham and Warren Buffett, the Congress exists to promote good investment ideas, thoughtful due diligence, and the enhancement of each community member's investing wisdom and success. More...

Green Shoots

The last couple of years have been a treacherous time in the financial markets. There has been no boom in any financial asset with the possible exception of US treasuries. Even there, the pickings have been slim.

I get a sense that we are starting to see green shoots in financial markets. I am not sure if the green shoots will transfer to the economy but I can see them in the financial markets for sure. My belief could be self serving and biased because I do want this period of pain to end and do want to see happier times. However, I've managed to come up with some reasons to justify my gut instinct. You can probably drill a million holes into each reason so if you are a pessimist, you can stop reading further. More...

Investing In Indian Infrastructure

I have been a vociferous critic of India's infrastructure story. I don't deny that India has a chronic deficit of infrastructure and that investing in Indian infrastructure should be a lucrative opportunity. However, my concern has been with the manner in which investors got carried away by the Indian infrastructure story and with the financial shenanigans committed by India's so called infrastructure companies. More...