investing is buying stocks as if you were buying the business itself.
Value investors emphasize the intrinsic value of assets and current and
future profits and pay a price equal to or less than that value. ”
- Peter Sander and Janet Haley
There are many approaches to investing
money. I practice Value
investing, as patterned on the investment philosophy developed over
the last eighty years by Benjamin
Graham and Warren
Buffett. Value investing is easy to understand. It also is the best
way to obtain long-term
compounding of capital with minimal risk.
I seek companies that have an enduring
market advantage, sound balance sheets, good management and whose business
is expanding. If the information indicates the company is a superior business,
the next step is to determine the price I will pay. I will only buy it
if it’s under-priced to its business value. My investment horizon
is long term. My goal is to obtain an average annual return of 15%.
As an Independent
Investment Advisor I do not endorse or represent any products and
will manage your portfolio without bias. I also do not have custody of
your account, a third party broker, Fidelity
Investments, will hold your assets and makes market transactions for
me. Your account information will be available to you online at anytime.
I do not have any financial connection with Fidelity Investments.
the truth not so much as I would,
but as much as I dare,
and I dare a little more as I grow older.
- Michel de Montaigne
Benjamin Graham related:
Father of Investing (on Street Authority)
Warren Buffet related:
Buffett Biography (on About.com)
Buffett: How He Does It (on Investopedia)