Intelligent Investment Today - The Warren Buffett Way

In this episode we take the efficient markets hypothesis and consider if it really can stand up to scrutiny. Does the parable of Mr Market offer a better understanding of how the markets work in reality?  Support the show

In this edition we take a look at the career highs and lows of The British Value Investor Neil Woodford. After 26 years of Buffett rivalling performance at his Invesco Fund his reputation was heavily tarnished after the investment fund he set up collapsed leaving an estimated 300,000 investors out of pocket. We look at what went wrong and consider if his pariah status is deserved or whether we sho...

In this edition we take a look at the Japanese economic miracle. In the four decades that followed the Second World War Japan's economy went on to become the world's third largest. We then look at the lost decades that followed the economic crash of the early nineteen nineties and consider if we could ever see the like again somewhere else in the world.  Support the show

In this episode we take a look at the interesting case of Tesla. We consider the reasons why investors continue to prop up the stock price of this business despite a price to earnings ratio of around 160 times. Support the show

In this episode we take a look at the Airline Industry. We consider the attractiveness or otherwise of this exciting and exotic sector as a destination for your capital, exploring the eccentricities and foibles of the industry along the way.   Support the show

In this episode we take a look at one of Buffett's earliest deviations away from the strict value approach as espoused by his mentor, Benjamin Graham. We will discover how the qualities of this Californian candy business would permanently alter Buffett's investment approach and go on to influence many of his future investment decisions. Support the show

In this episode we take a look at the events of Monday October 19, 1987, the day that went on to be known as Black Monday. On this day the Dow Jones Industrial average went on to shed around 23% of its value, and in doing so it looked like, for a time that it might take the whole financial system down with it. We examine how events played out and what lessons the value investor can draw from it. S...

In this edition we take a look at the fine art of determining the right time to sell your stocks. Whilst the ideal holding period for a stock is forever, most will need to be sold sooner or later as they reach and exceed fair levels of valuation. We look at the factors that can complicate the decisions around when to sell out of our positions. We also take a look at why value investors tend to be...

In this edition we take a look at the art of qualitative analysis, the examination of those factors relating to the inherent quality of a business, when deciding which stocks to purchase and at what price. We look at some of the aspects of quality we must consider as well as the limitations of this craft that we are faced with as value investors. Support the show

In this edition we take a look at the Lollapalooza effect, a term coined by Warren Buffett's former right hand man at Berkshire Hathaway, Charlie Munger. We look at what the effect is exactly and how failure spot it in action can prove to be of great detriment to the investor's pocketbook. Support the show

In this edition we consider why so many professional investors do so badly when it comes to investment, with some it seems not even able to outperform a group of defecating bovines. We take a look at some of the crafty tricks used by industry professionals to hide the fact they simply aren't any good at what they do. Finally we consider the charge that Warren Buffett and other famous value in...

In this episode we explore the principle of compound interest. We consider what it is, how it works in practice and why it is perhaps the single most important factor in investment success and wealth creation.  Support the show

In this episode we continue our look into the business accounts that will be vital when arriving at any valuation decision. We consider the difference between tangible and intangible assets and why knowing the difference is such an important distinction from the view point of the investor. Support the show

In this episode we consider what has been going on in the markets over the last couple of weeks, how the intelligent investor should react, and why times of turbulence are an opportunity to test your mettle.  Support the show

In this opening episode of Intelligent Investment Today , David Coombs introduces a disciplined, long-term approach to investing rooted in the principles of value investing . Inspired by Benjamin Graham , the father of value investing and mentor to Warren Buffett, this podcast focuses on thoughtful decision-making over short-term speculation. Rather than reacting to daily market noise, Intelligent...

In this edition we take a look at one of the most important documents to be found in a company's accounts, the Income statement or Profit and Loss account. We consider how oftentimes all is not what it seems with this seemingly innocuous accounting document. We look at common and perfectly legal techniques accountants and management teams can use to paint a picture that suits their narrative...

In this episode we take a brief look at certain legacy businesses shunned by many investors and institutions on moral and ethical grounds. We consider the morality of investing in and profiteering from businesses whose operations damage the environment and cause public health issues. We also take a look at the economics of such businesses exclusively from a value standpoint. Support the show

In this edition we look at how instinctive reactions to market turmoil can lead even the Intelligent Investor into making bad decisions. We consider the problems the investor can face and strategies to avoid making the wrong choices. Support the show

In this edition we consider how emotional attachments to certain businesses that we are perhaps employed by or are a customer of can frequently lead to the sort of fuzzy thinking that leads to overvaluation. We look into the dangers of overfamiliarity and what the value investor can do to ensure they do not inadvertently take this path to potential poverty. Support the show

In this episode we take a look at the ups and downs of the US stock market since the November 2024 election. We consider how political and economic matters rarely turn out as first anticipated by the investor and how the value investor will do best to tune out from this noise. Support the show

In this episode we take a look at investment in bonds, a subject Graham had an awful lot to say about. We will consider how through sensible bond selection, investors can add an extra layer of diversity to their portfolio which may allow them the extra liquidity required to profit from falling markets. Support the show

In this episode we consider the events of the Great Depression beginning in 1929. We examine why without a financial super power willing and able to bail out the global financial system, the events of 1929 quickly spiralled into the deepest and longest recession in history. Since then the United States has reliably stepped up to the plate to stabilize the global economy during subsequent shocks bu...

In this episode we take a look at the interesting case of Billy Beane, the Scout and General manager of the Oakland A's baseball team. Beane took the skills learnt from value investment into the selection and recruitment of undervalued players using quantitative performance data. This allowed middling team with a small budget to compete with the big boys in the sport. We consider the similari...

In this episode will consider the implications of Artificial Intelligence on Value Investing. Will bots that can do a better job than any human of crunching the data make value investment redundant? Or is there hope yet that value opportunities will remain abundant long into the future? Support the show

In this edition we consider how political shocks can effect the investment landscape and why those following the Graham framework can not only survive but profit from difficult times. Support the show