Value Investing

Shoulders of Giants – Bruce Greenwald Barron’s Interview

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Spend each day trying to be a little wiser than you were when you woke up.

— Charlie Munger

 

Bruce Greenwald is the Robert Heilbrunn Professor of Finance and Asset Management in Columbia Business School, and also Director of Heilbrunn Center for Graham & Dodd Investing. He recently had an interview with Barron’s [link here], which I find very insightful.

 

Below are some wise quotes from the article & my thoughts for self-reminder purpose.

 

Opinion on Discounted Cash Flow

“There is a fundamental stupidity about discounted-cash-flow valuations.”

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Shoulders of Giants -Brian Bares Interview

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Before today, I never heard the name Brian Bares even though I follow value investing world closely. I came across this interview and thought it’s definitely worth sharing.

Brian  Bares is the founder and CIO of Bares Capital Investment, a Austin based small/micro cap focused value money manager. He studied math and worked for a quantitative value investing shop before he started his own fund in 2000.

I’m impressed by his clear reasoning when addressing questions and the differentiating position he set for the firm by specializing in concentrated small/micro cap strategies.

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