Graham and Buffett Disciple Tops the Charts in 2015

Deena Friedman manages the Fidelity Select Retailing Portfolio, which has the highest 2015 return among mutual funds. With a return of over 18%, Barron’s notes that her “stock-picking easily outperformed comparable index-driven strategies,” given the 10.4% average return of ETFs investing in consumer discretionary shares. Friedman is a classic value investor, following Graham and Buffett, […]

Fidelity PM Learns from Value Greats like Buffett, Graham and Klarman

Chuck Myers, who heads the Fidelity Small Cap Discovery Fund, shared some of the lessons he has learned as a value investor at the recent CFA Institute Equity and Valuation Conference. As reported in Enterprising Investor, these include: “Learn from the best, but think independently.” Myers cites some of the best known investors, and those […]

What Buffett Learned From Ben Graham

While he was no doubt born with some natural gifts, Warren Buffett didn’t become history’s greatest investor without any help. Buffett many times has praised his mentor, the late, great Benjamin Graham, for shaping his investing approach, and in a recent piece for Business Insider, Richard Feloni looked at some of the key lessons Buffett […]

The Two Most Important Pages Of Warren Buffett's 50th Anniversary Shareholder Letter

Warren Buffett’s 50th anniversary letter to Berkshire Hathaway shareholders has now been analyzed by a myriad of pundits who have dissected just about every sentence of it. But, given that Buffett offers plenty of his trademark wisdom and wit in the 15-page communique, what are the most essential parts of the letter for investors? There’s […]

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 […]

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.

Warren Pieces: How To Deal With Mr. Market

A periodic look through the archives of the greatest investor in history In Berkshire Hathaway’s 1987 Letter to Shareholders, Warren Buffett talked about what he learned from the great Benjamin Graham regarding stock price movements. Below is an excerpt from the letter.     Validea’s Warren Buffett-inspired portfolio is up 109.7% since its late-2003 inception vs. […]

The Graham Strategy: An Oldie, But A Very, Very Goodie

Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Benjamin Graham-inspired strategy, which has averaged annual returns of 15.6% since its July 2003 inception vs. 5.9% for the S&P 500. Below is an excerpt from the newsletter, along with several top-scoring […]

What’s Your Advantage?

If you don’t want to put all your faith in luck, you need to have an advantage to beat the market over the long haul. But The Motley Fool’s Morgan Housel says that many investors don’t really think about what their advantage is — or whether they even have one. Housel notes that, late in […]

The Graham-Based Strategy: 300%+ Returns Since ’03

Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Benjamin Graham-inspired strategy, which has averaged annual returns of 15.4% since its July 2003 inception vs. 5.3% for the S&P 500. Below is an excerpt from the newsletter, along with several top-scoring […]

How Ben Graham Is Still Beating the Market Today

While Benjamin Graham’s classic The Intelligent Investor was written over six decades ago, the Defensive Investor strategy he laid out in it remains a winner, Validea CEO John Reese writes in his latest Forbes.com column. “The investment world is no stranger to apparent greatness that doesn’t last,” Reese writes. “Every year, a number of fund […]

Double-Digit Returns from a 60-Year-Old Strategy

Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Benjamin Graham-inspired strategy, which has averaged annual returns of 12.1% since its July 2003 inception vs. 3.5% for the S&P 500. Below is an excerpt from the newsletter, along with several top-scoring […]