Value Investing Podcast - The Value Guys

Who said value investing has to be boring?

If you're a stock market investor with a bias towards buying value, then The Value Guys podcast might be right up your alley. Although it's a sometimes light-hearted discussion of stock investments, the principles these guys apply when analyzing a potential investment are well worth listening to.

The two protagonists on this weekly podcast go by the names of Val Hughes and Vern Value (they're at pains to point out that thee names are not real). In each episode Vern and Val pick 3 stocks each which they think may be undervalued and put forward their arguments as to why this might be the case.

Although The Value Guys mainly discuss American stocks, those of us investing in the Australian stock market will still get something out of it. As I mentioned earlier, I find it interesting to listen to the way they approach valuing these companies. And they're entertaining as well.

You might also be interested on the Australian Stock Exchange podcasts and the Gannon On Investing podcasts.

Podcasts Available From The ASX Website

The Australian Stock Exchange run a program called Investor Hour Seminars with is a series of one hour lunchtime presentations. Podcasts of selected presentations can be found here.

There are a couple of really good presentations there. I find this a useful resource as I am not able to attend the seminars in person, and the presentations are normally of a high quality.

Gannon On Investing

Gannon On Investing was one of the first blogs I stared reading. The blog is written by Geoff Gannon - a hard-core value investing aficionado. The blurb from Gannon's site is as follows.

Value investing blog and value investing podcast influenced by Benjamin Graham, Joel Greenblatt, and Warren Buffett's value investing model. Built upon the value investor insights of intrinsic value, margin of safety, competitive advantage, and protection of principal.

I like the straight-forward style of writing which appears on Gannon on Investing. Geoff's no nonsense down to earth approach to investing provides inspiration for other value investors in the making.

However, what first attracted me to Geoff Gannon's blog was the series of podcasts he has recorded and put on his site. There are currently about a dozen podcasts to choose from. The podcasts mainly cover general value investing concepts, but Geoff occasionally discusses specific companies.

My only criticism of the Gannon On Investing Blog would be that he seems to post infrequently (although having said that, a flurry of posts has appeared recently). My guess is that Geoff would argue that quality of material is more important than quantity.

Read about other investment resources.

Warren Buffett - Berkshire Holdings Shareholder Letters

Although Warren Buffett has not written any books (at least not to my knowledge), there is a website which contains an invaluable selection of Buffett's writings. The Berkshire Hathaway Shareholder Letters page of the Berkshire Hathaway website contains Warren Buffett's letters to shareholders for the years 1977 through 2005 (the most recent one available).

I highly recommend reading (or at least browsing) through each of the letters written by Warren Buffett. In addition to discussing the performance of Berkshire Hathaway and its various businesses, Buffett also discusses more general concepts.

For example, in the 1987 letter to shareholders, Buffett discusses how Benjamin Graham's famous Mr Market metaphor is useful in developing a mental attitude suitable for dealing with market fluctuations.

And in 2000, Buffett discusses valuation. Among other things, he debunks the myth that growth and value investing are two contrasting styles. He argues that they are simply part of the same equation.

So if, like me, your are keen to read pearls of wisdom straight from the oracle's mouth, then head over to the Berkshire Hathaway website for some enlightenment.

The Rediscovered Benjamin Graham Lecture Series

Here is a great resource relating to Benjamin Graham which I came across a little while ago. I can't remember who referred my to the site so unfortunately I can't give credit.

The site contains The Rediscovered Benjamin Graham Lecture Series. This is a series of (transcripts of) 10 lectures presented by Benjamin Graham to the New York Institute of Finance in 1946 and 1947. The content is very informative, but what I really liked about the lectures was the insight they give into Benjamin Graham as an educator. It must have been a real buzz to be at the lectures.

So, what are you waiting for? Go and have a look.