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Must-read tips from a value investing legend

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.

How to save money on your college education, part III

In this multi-part personal finance series, readers will learn various ways to help save money for a college education, from off-the wall-scholarships and 529 programs to the right time to refinance your loans. Parents and students alike who read this series will find something to help reduce the costs of a higher education before, during and after it takes place.

Part III: Work For It

When my friend James was in college, his parents made him learn the value of a dollar the hard way. They forced him to work during his education and didn't give him cent towards his schooling. He took out student loans and worked several jobs in his four-year stint at State, from after-school swim instructor to late-night security guard, he worked them all. Believe me; after all those hours of working while going to school full-time, he learned the value of a dollar. What he didn't know at the time, was the amount of college loans that piled up in the four years he was away.

Here are a few ideas that could help you not make the same mistakes he made:

Continue reading How to save money on your college education, part III

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Last updated: November 24, 2009: 09:02 AM

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