Must-read tips from a value investing legend

Posted May 20th 2007 1:10PM by Zac Bissonnette
Filed under: Newspapers, Rants and Raves, Columns, Books

Sometimes there is an article in a newspaper that's so great that it's worth doing a post on just so that more people will see it, and no additional commentary is really necessary. Whitney Tilson's tips for value investors in these weekend's Financial Times is such a piece.

For the uninitiated, Whitney Tilson is one of the great value investing minds of our time. He's also a heck of a good guy: He's one of the founders of Teach For America, and I'm an eager reader of anything that he has to say.

For more information about how to implement the investment strategies discussed in his latest column, I recommend the following books:

You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits. If there's an award for the most informative book with a clunky, annoying title, I nominate this Joel Greenblatt masterpiece. It's focused on special situations such as spin-offs and bankruptcy investing, which are both featured in Tilson's list of tips.

Contrarian Investment Strategies: The Next Generation. Whether you like it or not, almost all value investing seems to have a contrarian angle: You're buying stocks that you think the market is pricing inaccurately. David Dreman makes a compelling case for contrarian investing, and shows how you might be able to beat the market.

Tags: contrarian investing, Contrarian Investment Strategies, David Dreman, investing tips, InvestingTips, investment strategies, Joel Greenblatt, JoelGreenblatt, Teach for America, Value Investing, ValueInvesting, Whitney Tilson, WhitneyTilson, You Can Be a Stock Market Genius

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Reader Comments (Page 1 of 1)

8-09-2009 @ 6:05AM

concerned said...

Zac,

You called Whitney Tilson an investing legend. I am curious what his actual investment track record is. Do you have any idea? I looked at his mutual fund, and from 2005 when it started at $10 NAV, the NAV is around $8 and change. I know Mr. Tilson talks a lot about value investing, writes a lot about it, blogs about it, hosts conferences and such, but when it boils down to performance, I'm just left wondering how he actually performs. I hope I am not sounding cynical. I'm just curious what the buzz is all about! Thanks.

8-04-2010 @ 10:34PM

Jehnavi said...

Value investing requires incredible amounts of patience and deep pockets. It is a strategy for the very long term investor. If the private sector suddenly demanded money and forced sale of a farm - After waiting several months or years to invest - it would be very frustrating and potentially very expensive.In contrast, investment growth many more opportunities to buy. Since the period of growth cycle usually lasts longer than the recessions and the decline, there should be many buying opportunities. This means that an investor requires less growth of patience and can in theory be buying most of the time.
http://www.tipsforinvesting.net/