Great Pages: Ben Graham’s “Mental Weapons”

Can a single page of a book change your investment life? We believe it can. Periodically, we highlight some of the Great Pages that have had a great impact on our investment philosophy. Today, we look at p. 34 from Benjamin Graham’s “The Intelligent Investor” (2005 edition), in which Graham talks about the mindset needed to distinguish oneself from the crowd in investing.  

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Munger On Buffett, Temperament, And Why He’s Better Than Ben Graham

Charlie Munger isn’t nearly as high-profile as his Berkshire Hathaway partner Warren Buffett, but The Wall Street Journal’s Jason Zweig recently caught up with him for a fascinating interview in which Munger talked about everything from Socrates and Confucius to derivatives and accounting practices to why he doesn’t love Benjamin Graham the way Buffett does. Continue reading

Industry Rankings: Gurus’ Strategies Say Transportation-Related Stocks Looking Strong

`Every day, Validea.com uses John Reese’s Guru Strategy investing models to rank dozens of industries using a myriad of financial and fundamental data. The rankings include a value index, a growth index, and an overall index that takes both growth and value factors into account. Here’s a look at some of the current top-rated industries. 

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A Fool’s Recipe for Beating the Market

Motley Fool co-founders Tom and David Gardner have both put up exceptional long-term track records, and in a recent interview with WealthTrack, Tom discussed the brothers’ investment philosophy. Gardner says that the biggest thing an investor can do to improve their chances of success is extend their time horizon. He also says that, while the Fool offers a number of different approaches and portfolios, all of them center on the concepts of focusing on the business, not technical factors or short term stock movements, and thinking long-term. He talks about why it’s important to diversify, and why his value approach has been less volatile than his brother’s growth approach but has delivered lower returns over the long haul. Finally, Gardner talks about why he thinks index fund pioneer Jack Bogle is wrong in saying that the average investor can’t beat the market, and why he thinks Starbucks is currently one stock that can help them do that.