Value Investing Toys ‘R’ Us Is Prepping to Liquidate Its U.S. Operations

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• Toys ‘R’ Us Is Prepping to Liquidate Its U.S. Operations
• Cigna to Buy Express Scripts in $52 Billion Health Care Deal
• Peter Lynches books - order to read?
• Does anyone know of any funds focused on Asia distressed/stressed credits that publish investment letters?
• Why the genius has failed at Value Investing?
• Good Capital Allocators & How to evaluate them
• Book Recommendations - Behavioural Finance
• Advice/Help with my first 10-K and attempt at valuation.
• Public Choice Theory and the Private Securities Market

Toys ‘R’ Us Is Prepping to Liquidate Its U.S. Operations Posted: 09 Mar 2018 12:15 AM PST submitted by /u/Beren- [link] [comments]

Cigna to Buy Express Scripts in $52 Billion Health Care Deal Posted: 08 Mar 2018 11:37 PM PST submitted by /u/Beren- [link] [comments]

Peter Lynches books - order to read? Posted: 08 Mar 2018 05:01 PM PST Hello everyone. Id like to read Peter lynches investing books: 1. One up on Wall Street 2. Beating the Streets 3. Learn To Earn Any particular order you recommend reading them in? thanks submitted by /u/Prog44 [link] [comments]

Does anyone know of any funds focused on Asia distressed/stressed credits that publish investment letters? Posted: 08 Mar 2018 09:02 AM PST i'm trying to learn more about this space, thank you! submitted by /u/altermango [link] [comments]

Why the genius has failed at Value Investing? Posted: 08 Mar 2018 11:04 AM PST I studied the advisory service's entire current report of a thousand pages. I also read daily every inch of the financial sections of The New York Times and the New York Herald Tribune. Then I made my initial move: I bought 100 shares of Columbia Broadcasting at 40⁄and 100 shares of General Dynamics at 38fl. Although most of my friends were making profits in the stocks of lesser companies, the so-called "cats and dogs," and although the market averages were near their all-time highs,my two stocks slowly but steadily declined in price. The more I used fundamentals the less money I made, while some friends who were very successful gave little thought to their investments. My attraction to fundamental analysis weakened further as practical difficulties appeared. It is almost impossible to estimate earnings for more than a year or two in the future. And this was not the least difficulty. After purchasing an undervalued stock it is essen-tial that others make similar calculations so that they will either purchase or wish to purchase it, driving its price higher. Many "undervalued" stocks remain bargains for years, frustrating an owner who may have made a correct and ingenious calculation of the future prospects. Excerpted from the famous book <Beat The Market> by Edward Thorp. I believe you all know him. but for who don't know about him. i'll leave little bit of praising for him. He's a Ph.D of math and been worked as math professor for more than 20 years in several US universities such as MIT. and he invented the card counting for blackjack. he has beaten the casinos by using that technique. and it's the story of famous book <Beat The Dealer> in the 60s. after he got fame, casinos blocked him to enter. so he has moved to stock market. He's beaten the stock market as well by finding arbitrage opportunities especially for convertible bonds, warrants, options. he has achieved 20% annual returns over 30 years. thus he's a pioneer of Quants and Hedge Funds. he's also famous as first verifier of Kelly Criterion. There's an even more interesting story. a university student has read Thorp's first book <Beat the Dealer> and he went to Las Vegas to verify Thorp's technique. then earned substantial money. furthermore this lad read Thorp's second book <Beat the Market> as well and ultimately this young man has built bond company called PIMCO. he's Bill Gross.   And read again my excerption at the top. isn't absolutely amazing that the genius who has beaten Casino and Stock Market has failed at Value Investing? i'm not actually asking the reason. i just wanted to share this story to discuss overall appreciations about this story. like what made him to fail at Value Investing. and what's so different between arbitrage and value investing and so forth. personally i feel myself being turning to more qualitative or non-quantitative things. so to speak. non-calculable stuffs. submitted by /u/99rrr [link] [comments]

Good Capital Allocators & How to evaluate them Posted: 08 Mar 2018 06:52 AM PST How do you determine if a CEO has made a good purchasing decision when they haven't sold the business off? Additionally who are some good capital allocators that you enjoy reading letters from? submitted by /u/newtofrag22 [link] [comments]

Book Recommendations - Behavioural Finance Posted: 08 Mar 2018 08:41 AM PST Looking for some good reads on behavioral finance and investor emotions. submitted by /u/PanAm1990 [link] [comments]

Advice/Help with my first 10-K and attempt at valuation. Posted: 08 Mar 2018 01:37 PM PST I'm trying to go through a company's 10-K very thoroughly in order to both grasp how it works and to try and separate operating and nonoperating assets and liabilities (eventually I want to value the company and present the valuation to a small boutique firm with my resume). That includes combing exhaustively through the notes even the Consolidated Statement of Shareholders' Equity in order to see how the accounting works (to the point where I can more or less reconstruct journal entries) and what exactly is in every line item. Figuring out what is in every line item is fairly easy with research but it's much harder trying to reconstruct the journal entry that most likely resulted, which I feel gives a much broader and interconnected view of line items. The difficulty is partially a result of numbers often not matching up between the notes and the financial statements and I can't figure out if it's due to rounding error, foreign currency effects, or something other than that such as a loss on a accelerated share repurchase agreement. This is tedious and time consuming work, for instance, it took me like 2 days to figure out how Restricted Stock Awards and Units were differentiated and their tax implications for accounting etc. and that was a single note so I'm just trying to make sure I'm going about this in the correct way and not wasting my time. (Please note I'm not complaining about this task as I find it enjoyable and I've read the two famous posts here about starting the research process. I'm just wondering if figuring out the accounting treatment of line items in order to better grasp their implications on a companies financials is something standard in a research process.) submitted by /u/permanent_username [link] [comments]

Public Choice Theory and the Private Securities Market Posted: 08 Mar 2018 10:40 AM PST submitted by /u/punkthesystem [link] [comments]

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