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As an investor, you should be digging into a company’s financial statements. However, you can’t look at these financials in isolation.
This post is sponsored by Audible. Get your 30-day free trial here (or sign up for a Gold membership here) and help support Vintage Value Investing!Last night I was looking for a book that I could read before bed that wouldn’t…
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Warren Buffett is famous for his long-term investment strategy. In fact, his favorite holding period is forever. But what many people don’t know is that Buffett often engaged in some very short-term investing, especially in his early partnership days. He called this type…
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In The Intelligent Investor, Benjamin Graham famously writes that: “Investment is most intelligent when it is most businesslike.” Graham viewed any purchase of a stock or bond as an investment in a business, rather than the purchase of just a piece of paper….
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What is risk? According to modern portfolio theory, risk can be divided into two elements: systematic risk and unsystematic risk. Systematic Risk Systematic risk – also called undiversifiable risk or market risk – is the risk inherent in the overall market…
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Refresher: What are Index Funds and ETFs? So what’s an index fund and what’s an ETF? As a refresher: What are the Benefits of Investing in Index Funds and ETFs? Index funds and ETFs offer 3 main benefits…
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What is value investing? It’s a simple question and it has a very simple answer. But before I get to what value investing is, let me first clear up some confusion and explain what value investing isn’t. What Value Investing…
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Index Funds or ETFs? I know a lot of people – beginning and advanced investors alike – have questions about index funds and ETFs (which, by the way, are great investment options for passive investors, especially when combined with a dollar-cost…
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As I mentioned in Value Investing 101: The Time Value of Money, interest rates are determined by a combination of: The asset’s risk The asset’s liquidity The asset’s maturity The expected inflation rate The “risk-free rate” It’s…
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I’m sure everyone has heard about “stocks” and “bonds” before, but if you’re brand new to investing you might not know exactly what they are – and what makes them different. This quick overview from TD Ameritrade gives…
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Discounted Cash Flow Analysis The Present Value Equation Do you remember the Present Value formula? If not, here it is again: In the PV equation we take a future cash flow and divide it by 1…
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