20 Lesson Course in Value Investing

2014-03-18-dollar-decline

The results above of the Fed’s ability to maintain stability of the U.S. Dollar

 

“Studies of everyday reasoning show that the elephant is not an inquisitive client. When people are given difficult questions to think about—for example, whether the minimum wage should be raised—they generally lean one way or the other right away, and then put a call in to reasoning to see whether support for that position is forthcoming. For example, a person whose first instinct is that the minimum wage should be raised looks around for supporting evidence. If she thinks of her Aunt Flo who is working for the minimum wage and can’t support her family on it then yes, that means the minimum wage should be raised. All done. Deanna Kuhn, a cognitive psychologist who has studied such everyday reasoning, found that most people readily offered “pseudoevidence” like the anecdote about Aunt Flo. Most people gave no real evidence for their positions, and most made no effort to look for evidence opposing their initial positions. David Perkins, a Harvard psychologist who has devoted his career to improving reasoning, found the same thing. He says that thinking generally uses the “makes sense” stopping rule. We take a position, look for evidence that supports it, and if we find some evidence—enough so that our position “makes sense”—we stop thinking.” Course on Plato.

Investing Course

I don’t know the quality of these lessons, but beginners can learn from Sanjay Bakshi’s attitude and approach.  Let me know if you find the lessons worthwhile.

http://www.safalniveshak.com/value-investing-sanjay-bakshi-way-2014-part1

Gold Stock Analysis Question

Anyone want to submit an industry map of gold mining company before I do. Best map wins $2,000 prize equivalent (rare investment book).

6 responses to “20 Lesson Course in Value Investing

  1. What’s this about industry maps on gold mining companies? Curiosity perked! 😛

    Let me guess… this one?
    http://www.amazon.com/Margin-Safety-Risk-Averse-Strategies-Thoughtful/dp/0887305105

    • Can you lay out on a piece of paper the players in the mining industry.

      Royalty companies
      Major producers
      Mid-tier
      Project Gens.
      Developers
      Explorers

      Then customers

      Yes, that is the book.

  2. the lessons are different. the link is to an interview with a practicing investor/teacher in India.

  3. what if i can guess the book you re offering? do i get it?
    Margin of Safety “Seth Klarman” 😉

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