Category: Research

Earlier this week we talked about how the greatest value investors obsess over how much they can lose. They don’t care about the upside. They want to know the downside. These investors used various valuation tools to arrive at that downside number. We then argued that to generate outsized returns, you need to fish where there’s…

How Financial Advisors Can Survive The Low-Fee ApocalypseETFs and robo-advisors are killing the traditional financial advisory model. Those that want to survive need to overhaul their approach. The standard 1% AUM fee no longer works. The future success of financial advisors is through subscription-based, freemium business models. Advisors that change their model while going smaller…

In my last article I shared the strategies of three famous value investors. Each investor had one shared theme: focus on downside protection.These investors knew that in order to generate outsized returns, they needed to not lose money. Not losing money keeps them around long enough to reap the benefits of deep value investing.Venturing Where…

As investors, we want to ensure we’ve done all we can to profit from our hard work and due diligence. We read annual reports, scroll through slide deck presentations and read earnings transcripts. We’re business owners. Investing in actual businesses, not blips on a Bloomberg. In doing so, we try to understand the business as best…