After 13+ years of running this blog, I’ve decided to turn Value Investing World into a fee-based newsletter. There will still be free edit...

"It's one thing to have an opinion, and something very different to act as if it's right." --Howard Marks The CFA Insti...

"We had to decide what are the fundamental directions we're going in, and what makes sense and what doesn't. And there were a ...

"...most investors think quality, as opposed to price, is the determinant of whether something’s risky. But high quality assets can be...

From the October 2008 Graham & Dodd Breakfast ( via Outstanding Investor Digest ): In terms of our firm, I tried so hard to learn th...

For those interested.... The 5th Annual Value Symposium is back on. Not in Toronto (as originally planned), but via video and scheduled for...

“Instead of a discussion of risk (which is both predictive and sissy) I advocate the notion of fragility, which is not predictive—and, unli...

"A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves....

Amid the Coronavirus Crisis, a Regimen for Reëntry - by Atul Gawande ( LINK ) Scanning for answers to a pandemic - by Bill Gates ( LINK ) ...

Link to Memo: Uncertainty In investing, uncertainty is a given – how we deal with it will be critical. Read Howard Marks’s latest memo, in...