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Value Delusions and Strategic Thinking

By GeoffGannon on Thu, 2007-03-22 20:07
(via valuediscipline.blogspot.com)

Rick of Value Discipline talks about some of the qualitative aspects of investment thinking. "Great investors have strong analytical disciplines that are second nature. But much more important than that is an ability to ask the right questions. Investing involves much more than the ability to recite endless data about a company’s history."

George on Fri, 2007-03-23 08:03
Title: Great article by Rick

This was a really great article about value investing. I especially like when Rick wrote, "Value investing is based on a premise that one is buying assets at a discount to their intrinsic value, the great teaching of Benjamin Graham. But the determination of intrinsic value is premised on understanding competitive advantage, the competitive landscape, understanding the odds of success, and determining the probabilities of these interlinked outcomes."