The new company I was researching turned out to be another bust after valuation. I found the Australian company to be in a range from fairly valued at the high end of my intrinsic value estimate to overvalued by as much as 70% from my low estimates of value and have decided to not do any further research on it at this time, especially since its margins were not very good either.
For now, I am going to be reading some books over the coming days and then it’s back to searching for more companies to research.
Seth Klarman On Leadership. This video is from ValuePrax and contains some very valuable insights from the reclusive Klarman.
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Charlie Munger Lecture at the Harvard-Westlake School. This interview is from Santangel’s Review and contains Mungers thoughts on the recent financial crisis.
Alice Schroeder On How Buffett Values a Business and Invests. This is yet another article from Greg Speicher that contain Ms. Schroeder’s thoughts on how Warren Buffett looks at business.
Valuation: Valuing Growth and the Petersburg Paradox. This is from Csinvesting and the page also has some links to papers that talk about different things valuation related.
I Learned To Speak Four Languages In a Few Years: Here’s how. This is a write up from LifeHacker about the techniques that helped the author learn four languages in a relatively short amount of time. This is fascinating to me because I have always wanted to learn a new language and have recently started learning a bit of Spanish.