Thank You To Everyone Who Has Read This Blog

I just wanted to say thank you to everyone around the world who reads this blog for everything including the conversations I have had with some of you, the help, encouragement, and understanding since starting this value investing journey.  Without you reading and helping me, the book that launches tomorrow would not have been possible and I would not be nearly the value investor that I am today.  Thank you all so much, I appreciate you all immensely, I hope you have learned as much as I have from this site, and I plan to continue to bring you the best valuation and analysis articles and value investing related content possible.


I also wanted to share below the Dedication and Acknowledgements pages from How To Value Invest where I thank specific people for all that they have done in helping get the book together.

I am so excited to share the book with everyone tomorrow!  Some time late tonight I will send out copies of the eBook early to those of you who have preordered as a thank you for preordering.  For everyone else the book will be available for sale sometime tomorrow morning.


For my wife, kids, and family.  Thank you for being there over the years and supporting me through everything.  I would not have been able to do this without you.


“If I have seen a little further it is by standing on the shoulders of Giants.” Sir Isaac Newton

Thank you to John from CSInvesting, Red from The Red Corner Blog, Taylor From Valueprax, Jeff, from Ragnar Is A Pirate, John from Shadowstock, The Brooklyn Investor, The Fundoo Professor, and all other value investing and related blogs for sharing your knowledge, conversations, and encouragements over the years.  You all have had an extraordinary impact on my life and me as an investor and I would not be where I am today without all of you.  Thank you so much.

Thank you to Dr. Wes Gray and Tobias Carlisle, authors of Quantitative Value, for your opinions and encouragements.  This book is infinitely better because of the feedback from you both.

Thank you to Benjamin Graham, Warren Buffett, Seth Klarman, and Joel Greenblatt for sharing your experience and wisdom with the world.

Thank you to Tim Ferriss for sharing how to hack the world and sharing your adventures.  Without the Four Hour Work Week and the sharing of your amazing life adventures I would have never had the motivation to finish writing this book.

Thank you to Dean and Eda Nelson, Chen Vincent, Kevin McKenna, and Amir Yizhaki for believing in the book enough to preorder it.

An Update, New Translation Page, and Links

As you might have noticed at the top of the page is now a translation page where you can translate the entire blog into many different languages.  I found something similar to this a few days ago but could not get it to work on the blog so I enlisted the help of my brother and he got the translation page working, thanks a lot Kev.  This also means that the short-lived Mandarin Value Investing Journey is also not now needed and will be going away.  I am sure the 20 of you who visited the mostly untranslated site will miss it dearly :).

A quick update on where I am at with the process of my article series.  I have now finished up the first two articles of the series and as you know I had planned to write articles on one or two more companies and then do a conclusion article.  Two of the companies I was planning on writing articles on I have been asked not to by the person who recommended them to me because he is planning on writing articles about them.  I am still going to read those companies annual reports and other filings but will not be writing articles about them so this has turned into a three-part series covering the two companies I have already written articles about and the conclusion article where I decide which of them to buy.  I will hopefully have the whole series posted as soon as possible.

“Things do not happen–they are brought about by careful planning, diligence, application, and direction.”George Mecherle, Founder of State Farm Insurance.

Valueprax-This One Is Personal. Munger On The Importance Of Worldly Wisdom And Consistently Not Being Stupid. 31 Year Old Ashish Thakkar-Africa’s Youngest Billionaire.

OTC Adventures-International Wire Group Is Cheap, But Is It Safe (ITWG)

Valuewalk-Baupost Group’s Seth Klarman Sees “50 Shades Of Value” In The Market. Holdings and Fiamma Holdings.

CSinvesting-A Reader’s Question On Case Studies.

Santangel’s Review-Benjamin Graham On Staying Small.

Motley Fool-Charlie Munger Info From A Board Poster.

Valueprax-Notes-Nintendo Back In The Saddle?

CSInvesting-Valuation Case Study HVAC.

OTC Adventures-Value Investing Strategy and Unlisted Securities Part 2.

CSInvesting-ValueUncovered Philosophy; Treat Everything As A Case Study.

Wexboy-2013: The Great Irish Share Valuation Project Part 2.

Credit Bubble Stocks-Horizon Kinetics, Owner Operators, and the Predictability Arb.

Newest Valuation Research Articles

I have just finished up my newest article and just need to edit and proofread a bit more and hope to have it up soon.  Over the next few days I will be posting a bunch of links since I have gotten way behind on this while researching other companies, hope you enjoy.

Yahoo-Business Insider-The Story of a Man Who Outsourced His Work To China So He Could Watch Cat Videos All Day.

Forbes-The Great Baupost Madoff Claim Trade That Made a Big Madoff Feeder Fund a Loser Again.

Oddball Stocks-More is Better? How Much Information is Really Needed To Invest?

Four Hour Work Week-How to Travel Through 20+ Countries With Free Room and Board.  Cannot vouch for this yet as I have not tried it and it seems a bit sketchy to me but if it really works and is safe that is a potentially great idea for travelers.

Wexboy-Where Is the Credit Opportunity in 2013?

Shadow Stock-Illiquid Stocks For Outsized Returns.

Old School Value-The Harder You Work The Luckier You Get. Quotes From Charlie Munger.

Outward Branch-Heart To Heart With Value Investor Theodor Tonca.

Business Insider-China Hard Landing Presentation. What If China Land’s Hard?

More interesting links about valuations

Here are more interesting links about valuations:

Oddball Stocks-What’s Your Real Business? The National Stockyard Story.

Geoff Gannon Guru Focus-Always Use Normal Numbers.

Shares and Stock Markets-How To Value A Business Like A Professional Money Manager.

The Aleph Blog-If You Want To Be Well Off In Life.

The Meta Picture-Learn To Read Korean In 15 Minutes.

Geoff Gannon Guru Focus-What Is The Best Way To Learn Accounting?

Oddball Stocks-Investing Like A Lender.

Graham And Doddsville-The Value Investing Gene-Buffett, Klarman, and Evolution.

The Guru Investing-Small, Illiquid, and Cheap: A Winning Combo.

Greenbackd-Quantative Value: A Practitioner’s Guide To Automating Intelligent Investment and Eliminating Behavioral Errors.  Have not read the book yet but plan to.

Micro Cap Club-Alter NRG Corp: Disposition Case Study With Ending Unknown.

Businessweek-Ryan Morris, 28-year-old Activist Investor.

Gannon And Hoang On Investing-My Investment Process.

OTC Adventures-Calloway’s Nursery $CLWY.

Aswath Damodaran Musings On Markets-Acquisition Accounting II: Goodwill, More Plug Than Asset.


Weekend Reading Links About Valuations

With all the research I have been going lately I have gotten way behind on posting links so here are a bunch that I think are very good and found them very helpful. Take a look at them below:

Atul Gawande: Excellence Is Recognizing Details, Failures

The Price Of Paying Attention

How Not To Run A Hedge Fund: Geoff Grant Edition

Advice From Jeff Bezos

How Did R.A. Dickey Master The Knuckleball

Jason Zweig Interviews Seth Klarman

How Did I Come Up With My 16 JNets

What Drives Operating Metrics?

Free Ebook: 115 Profitable Investing Ideas

How Buffett Made Money In Bad and Volatile Markets