Value Investing Sites

Just about every sailor I know has a desire to board other boats in the fleet.  Some do this just out of nosiness whereas other do it to learn how other crews have arranged things to meet their needs.  I do it for both reasons.  It's all part of life on the water.

This characteristic extends also to life in the financial community.  I have been amazed by how forthcoming some individuals can be in sharing their insights.  A few do it out of altruism.  Others do it out of a desire to participate in the chatter which makes life in the community so interesting.

On the other hand, the motives for some are somewhat more sinister. A few individuals join the chatter for self-promotion in an effort to gain more clients or otherwise profit from their activity.  Others make offerings solely to promote "investments" for their own personal gain and are nothing short of shills ... "you too can be a millionaire in no time".

As always, it pays to assess the motives and quality of a writer before embarking on a voyage in their boat.

Here is a useful compilation of some boats in the fleet.  I visit them primarily to learn how other skippers think - this as opposed to learning about the next best thing.

List of Value Investing Sites

While I've yet to step aboard all of them, I find myself making repeat visits to a few:

Oddball Stocks
The Brooklyn Investor
The Corner of Berkshire and Fairfax
Shadow Stock
Greenbakd

A few of the posts yield insights into the thought processes of investors.  Here is a very useful post in this respect:

My Investing Blueprint has ten steps.

Search Broadly and Continually for New Investment Ideas.
Act Like an Owner.
Only Buy Things You Understand.
Buy Good Businesses.
Invest in Companies with Great Management.
Buy the Cheapest Business Available.
Focus on Your Best Ideas.
Practice Patience.
Avoid Stupid Mistakes.
Be a Learning Machine.
http://gregspeicher.com/?page_id=117

This post has been made in the very early morning.  I got into the habit of working on things financial roughly between 2:00 and 4:00 AM when I first started out investing.  It was the only period during which I could think freely in an otherwise hectic professional career and an active family and social life.  The habit has persisted but in recent years, I have supplanted it to some extent by "creative dreaming".  More about that in a later post.