Education The Culture of Value Investing From Ben Graham’s & Warren Buffett’s Former Brokerage Firm

Never knew Tweedy, Browne Company also did investing.

Really enjoyed their interview. Pearls of good wisdom. Hope you enjoy too.

One of the really interesting things mentioned was Berkshire is diversified enough and is a better index to own because of the type of companies included in it are of much better quality compared to what you would find in general market cap index.



Cheers,
Oracle.

 

Yeah, they started the bonfire burned Hollinger and Lord Black.

 

There's also a podcast done by Tobias Carlisle(an Aussie value fund manager working in the US) where he interviews some of the guys from Tweedy Browne, generally a good listen.
(Ep.60) The Acquirers Podcast: Tweedy Browne - Long Term, Celebrating The 100-Year Anniversary Of One Of The Most Storied Names In Value - Stock Screener - The Acquirer's Multiple®

 

Thanks for sharing the vid @oracle I also enjoyed their perspective.

Aligns largely with my take on value investing. Anything can be valued with an adequate understanding to make reasonable assumptions. The differentiation between growth and income is artificial, both can be valued, just the assumption accuracy generally carries different risks. Value investing in my view simply requires a spread between what you subjectively value the underlying business at and what you can buy it for. The bigger the gap at the time of buying the more risk you mitigate and the better your potential for a reasonable return outcome from holding the exposure.

I think of myself as a value investor, but this is my current direct holdings breakdown.

Highest concentration in the statistically poor corner of small growth, but its not the first time in my investing life that my take on buying value has seen my portfolio grow into area's that some other who also profess to be value investors would not endorse.

What's in a label anyway. I've always tried to learn from the greats but never really worried too much about what others define the label of value to mean. Labels are too limiting.