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value investing blog tagged articles (0-20 of 196) ( 0.005 seconds )
- Against The Top Down Approach To Picking Stocks By: Geoff Gannon
If you have heard fund managers talk about the way they invest, you know a great many employ a top down approach. First, they decide how much of their portfolio to allocate to stocks and how much to allocate to bonds. At this point, they may also decide upon the relative mix of foreign and domestic securities. Next, they decide upon the industries to invest in. It is not until all these decisions have been made that they actually get down to analyzing any particular securitie...
Tags: Stock picking, top down, stocks, picking stocks, investing, stock market, value investing,
- The Wonders And Horrors Of Compounding By: Geoff Gannon
Google Price Target: $16,578.90
Some of you will immediately recognize this headline is a joke. For the rest of you, I was kind of hoping the ninety cents part would give it away.
If you’re reading this because you’re interested in what I have to say about Google (GOOG), you can stop now. I’m not going to say anything interesting about Google. Rather, I’m going to say something (that I hope is) very interesting about the wonders of compounding.
Warren Buffett’s annua...
Tags: compound growth, Warren Buffett, Buffett, Berkshire Hathaway, Berkshire, value investing,
- Buffett's Big Bet By: Geoff Gannon
Over the past few days, there have been several stories written about Warren Buffett’s $14 billion bet on global stock markets. I believe these stories are all in reference to this excerpt form Berkshire Hathaway’s annual report:
“Berkshire is also subject to equity price risk with respect to certain long duration equity index put contracts. Berkshire’s maximum exposure with respect to such contracts is approximately $14 billion at December 31, 2005. These contracts genera...
Tags: buffett, Warren Buffett, Warren, Berkshire Hathaway, Berkshire, value investing, value inv
- Stocks Look Pricey By: Geoff Gannon
The first quarter of 2006 is over. Now is a good time to reflect on stock prices and the opportunities they present.
Bargains are scarce. Equities are expensive. In recent weeks, I’ve heard several fund managers say valuations are still attractive. I don’t agree. Generally speaking, valuations are unattractive. Returns on equity are higher than historical levels. A market-wide return on equity of 15% is unsustainable. Price-to-earnings ratios may not fully reflect how expe...
Tags: value investing blog, value investing podcast, value investi
- On Valley National Bancorp By: Geoff Gannon
Valley National Bancorp (VLY) is a conservative bank with a strong position in northern New Jersey and a presence in Manhattan. The bank, founded in 1927, has about $12 billion in assets.
Valley has consistently earned extraordinary returns on assets and equity. Over the last twenty years, Valley has averaged a 1.74% return on assets and a 21.12% return on equity.
Valley’s worst two-year performance occurred in 1990 and 1991. During that period, Valley’s return on equit...
Tags: vly, Valley, National, Bancorp, bank, banking, banks, stocks, stock, value, investing, inv
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