We analysed blogs for value investors and these are our Top 10, the best places to get more information and ideas for value investing, however rare it is becoming!
Mohnish Pabrai is a value investor, well known for authoring The Dhandho Investor. He is outspoken in revealing new investing ideas and sharing past experiences, in a fun way. Pabrai has high regard for Warren Buffett and he jokingly admits to be “a shameless copycat”. In June 2007 he made headlines when he and his best friend Guy Spier won the famous auction for the annual Warren Buffet dinner. Because of that, he is also close to Charlie Munger – Buffett’s partner. So, through this blog, you will find amazing insights on the way these superinvestors, Munger and Buffett, think and act. Furthermore, Mohnish Pabrai explains complex ideas in a simple way, so this blog will entertain you and teach you a lot. Lately, Mohnish is very active on Youtube, and therefore the blog has adopted a vlog style.
Howard Marks is one of the most thoughtful and knowledgeable investors. He is the co-founder and co-chairman of Oaktree Capital Management, the largest investor in distressed securities worldwide. He is famous for his memos, and according to Buffett, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read”. He is the author of “The Most Important Thing: Uncommon Sense for the Thoughtful Investor”, which summarises ideas from his memos. Follow his blog, to have exposure to what he calls “second level thinking”, and to learn about contrarianism, cycles, value, and risk.
Tobias Carlisle is the man behind this blog. He is a value investor and best known for authoring “The Acquirer’s Multiple” and “Deep Value”. The blog includes regular posts like, “This Week’s Best Value Investing News, Podcasts, Interviews”, and the “Value After Hours Podcast”, broadcasted weekly on Youtube. The latter is a great source of information, because the host, Tobias Carlisle, and his co-hosts, Jake Taylor and Bill Brewster, are long-term investors. Therefore, they comment on the current news in a deeper and thoughtful fashion, that filters noise and focuses on what really matters. Bill can become very funny, and Jake borrows examples from nature that apply to investing in a section they call “veggies”. Knowledge, fun, and links to other great sources are abundant on this blog.
As seen from the title, this is the website of an actual fund, that so far has outperformed the market and has a blog format. It is penned by Jason Bond, who is the Managing Partner. What makes it special is the kind of posts, with most of them not directly related to the fund. They are mostly long reviews of investing ideas or concepts, including very carefully selected quotes and sources from the greatest investors. Some of the posts present certain investors and how they apply these ideas. It is astonishing how rich the information can be for just a specific concept, e.g. diversification. A blog post will cover the whole spectrum of different approaches and is filled with comments from famous investors, which will help you think in holistic ways and help you find what fits you.
It was founded by Joel Greenblatt (his books), one of the greatest investors and outperformers of the markets, and John Petry. The concept is simple: “Each potential member must submit an online application that includes a favourite current investment recommendation. Applications are judged by an investment manager with one of the top long-term investment records in the US”. In that way, every post is a well thought and analysed investment idea. Value Investors Club is a place for “savvy investors whose only qualification is the quality of their investment research and thinking”. The content is free for everyone, despite the fact that the admission is highly selective.
Writing under the alias “memyselfandi007”, we don’t know who’s behind the blog. Some posts are about investing opportunities and ideas, others are about updates on the performance of the author’s portfolio, and some contain useful links to other valuable articles and sources. The blog focuses on European stocks, which are generally undercovered by the media, compared to US stocks. This is helpful for a more holistic view of the investment world, and for investors particularly interested in Europe. The mix and the quality of the content makes this blog an invaluable source of stimulation.
In fact, “memyselfandi007” exposed Wirecard redflags in 2008, and because of that he was investigated at the time. He revealed his personal story in a later post, after the “German Enron” events started unfolding.
7. Sven Carlin
Sven Carlin is one of the most popular Youtubers covering the stock market, and has written the book “Modern Value Investing”. What is special about him and his blog is that he has 20 years of investing experience, and 10 years of teaching experience, with a Ph.D in Finance. His work proved that risk can be better calculated by relative changes in financial statements than with beta coefficients. This distinguishes him from many other famous bloggers and youtubers, who may provide useful content and entertainment but do not have the experience and credentials that Sven possesses. The blog provides quick analyses on many different stocks, exposing the reader to a contrarian’s and experienced investor’s views.
The person behind the blog is Aswath Damodaran, Professor of Finance at the Stern School of Business at NYU, who teaches corporate finance and valuation. The content is academic and scientific, and its complexity may discourage readers seeking “lighter” sources of knowledge. However, for those who are more experienced, or have studied finance, the posts can be valuable, and can add to their understanding. Also, they can give some scientific structure to any empirical knowledge on valuations.
John Kingham runs the blog, which is the continuation of the UK Value Investor, starting from 2008. As the title reveals, the blog focuses on companies of the LSE (London Stock Exchange), one of the oldest and most established stock exchanges in the world. Most posts are either for specific, quality dividend stocks or updates on John’s UK Dividend Stocks portfolio, launched in 2011. The main goal set for the portfolio is to grow the initial £50,000 into £1 million by the end of 2041. A really insightful contribution of the blog is the CAPE (Cyclically Adjusted Price to Earnings) Rainbow graphs (example), which show how the markets swing from undervaluation to overvaluation through the years.
10. Saber Notes
John Huber is the Managing Partner of Saber Capital Management and his style is about finding exceptional companies that will compound value over the years. Even for those that focus more on the quantitative side (low valuation multiples), the writings are useful because they can teach a lot on the qualitative site, which always plays a significant role (shameless plug: use our investor relations content for management letters and statements!). John uses easy to understand language, and part of the content is about judgement and philosophy. The frequency of posting is very low, and the content very well thought.
This is another shameless promotion of our own organisation.
How beautiful it is as a value investing enthusiast when you can meet like minded people and exchange relevant ideas and discussions. The London Value Investing Club organises monthly in-person events in London, and if you live close to London, this event is a must for you! But don’t worry if you live in other parts of the world, because the event is broadcasted online via Zoom, too.
Watch our last broadcasted event on 16 Nov, 2022, containing 3 undervalued stocks on Youtube, and subscribe to the channel for similar videos in the future.
Bonus Blogs: Two of our speakers in our last event are also bloggers. Ildar pens the Hidden Value Gems, and Josh Higgins The Sunrise Investment Blog. And of course the best blog of all, our blog – This is the definition of a shameless promotion.
Anyway, we hope you got value out of this post, and please let us know what you think of the blogs presented: