Value Links of Interest

The 'Something' Peter Cundill Will Do Today by The Value Pendulum (Seeking Alpha)

Peter Cundill will say that there's always something to do and buy, even in the current market environment where valuations for U.S. equities are at a historical high.

Investing - Art or Science?  (Investment Masterclass)

Investing is far more art than it is science.  Whether it is an art or science has implications as to how one should approach investing, what one should study and the necessary skills for success.

Philip Carret, Money Manager, Dies at 101 by Edward Wyatt (New York Times)

Philip L. Carret was the founder of one of the country's first mutual funds and a legendary investor who swapped investment ideas with Warren E. Buffett's father half a century ago. A trademark of his investing style was to buy a stock only if he thought he could double his money, but to wait patiently for that to happen. He scoffed at the tendency of many younger mutual fund managers to hold a stock for weeks, if not days, which he called ''the pinnacle of stupidity.''

Sane investing in a crazy world by Tim Price (The Spectator)

Ben Graham-style value can still be found today. The single most compelling valuation story of 2016 is Japan. Almost 40 per cent of the Japanese stock market trades on a price-to-book-value ratio of less than one. This means that a huge part of the market is available for sale at less than its replacement cost.

How to beat activist investors at their own game by Michael Brush (Marketwatch)

What if you could predict what stocks activist investors are going to buy, and get in before them? That’s impossible, short of employing mind readers or spies inside their offices, right? Well, maybe not. Use a system that helps you buy companies with the qualities activists look for.