To The Moon

Oooo, old school stocks!

So the first investment book I ever brought was called the intelligent investor. its actually why I call myself the emotional investor, it's a play on the first book I owned by the legendary investor Ben Graham. Quite an easy read in retrospect. But written in 1973, so it's old school. The then young Warren buffet, is on record saying "it's the best investment book ever written." But wait there's more...

The second book I ever brought was securities analysis by David dodd. that, my tiger friends was and remains a very heavy read. And it was written in 1934. So I think I can officially command some level of authority on old school investing.

So, just for some perspective, David Dodd, was Ben grahams mentor, and Ben graham was Warren buffet's mentor. But does old school still work? 

Well David Dodd created the concept of Value investing. That is, buying a stock for way less than its break up value. Pretty much impossible in today's market right? It's basically like going to a yard sale and buying something for $1 that you can sell for $10, but add a few zeros. 

So, last year, I was absolutely astonished to find two such stocks that were Value buys. Graphs are below, but they are Both old school stocks, $Citigroup(C)$ and $Bank of America(BAC)$ Absolute bargains from a value perspective. And as the graphs show, both have more than doubled, plus nice dividends in the meantime. Thank you David Dodd, and Ben graham. 

But Dave was more of a number cruncher, Benjamin was more a DD kinda guy. And Warren, well he added a huge amount more to the value investment theme with his approach to including not just tangible assets as a value proposition but also intangible assets, like the management, the brand, and the moat.

I pretty much own every book written by Warren buffet to. He's constantly quoted in you tube videos, ya he's old school, but his mentors are super old school. 

So I can easily list off a serious number of stocks that have and will continue to do well in. I personally own many of them. My preference is utilities, and the dividend kings. by well, I mean they will give consistent returns of over 10% annually. They are my investment foundation. I tend to avoid cyclical stocks, phama, oil, gas etc. but I do go in on them when it makes sense. Currently buying one gold and one silver mining stock, for eg. With oil and gas, I'd rather buy the pipeline companies that transport the oil and gas. 

But let's cut to the chase, 10% return per annum off old school stocks and investment in the s&p 500 is a nice foundation, but it's not how I make real coin. But it is essentially to me. Gives me a bit of cash to reinvest every month. 

So, the knowledge I have from reading really old school books by Dodd, 1934, and graham, 1973... have played hugely on my investment approach. But buffet, well his influence is considerably more important to me in growth stocks. I buy the moat. $Rocket Lab USA, Inc.(RKLB)$ and $IREN Ltd(IREN)$ Two perfect examples.

I apologize in advance to everyone that's read all the books by the three most epic old school investing individuals of all time. Because I have seriously oversimplified their thesis's. 

The mighty Dodd, taught me how to truly break down a company and its financial's. sir Graham taught me to think. And the great knight Buffet, taught me to think outside the square. As the emotional investor, I would just be happy to carry their torches and further the cause. 

Old school knowledge informs me, in the investment environment we face at present and in the near to long term, value remains critical. But value is based on perception not reality. And perception is increasingly easier to manipulate. Influencers for example, like oh idc Cramer, fracking idiot. Talking absolute nonsense but garners an audience. Button pushing idiot. Modern day game show host, all poop no depth whatsoever. @MojoStellar 

@TigerWire @TigerTrade @Tiger Q @Tiger_SG @kiwitezza