Blog von investingsecrets

Value investing has an appealing logic to many investors. The idea is simple. Value investing generally involves searching for stocks trading at discounts to their fair value. These stocks can be bought and held until they trade at or above their fair value.
These ideas were first put forth by Benjamin Graham, a business school professor who counted Warren Buffett among his students. Graham is widely considered to be the father of value investing and he wrote widely on the topic. His work includes descriptions of strategies that he found to be successful.
Graham developed and tested the net current asset value (NCAV) approach between 1930 and 1932. He later reported that the average return, over a 30-year period, on diversified portfolios of NCAV stocks was about 20%. An independent study showed that from 1970 to 1983, the strategy gained an average of 29.4% a year.
What Is NCAV?
Graham defined NCAV in the 1934 edition of Security Analysis, the book he cowrote with David Dodd. He said NCAV is equal to "current assets alone, minus all liabilities and claims ahead of the issue." In accounting terms this is current assets ...

Sometimes, investment ideas can come from monitoring trends. This week,
we noticed a new trend appears to be at work. Combining this with some
other long term trends in the market results in a short list of stocks that could
be among the market's biggest winners in the short run, and the best option of
investing in stocks.
One of the long term trends in the stock market is the increasing importance
of global economic diversification. This can be applied to stock selection by
analyzing a company's sales. Companies with a significant amount of foreign
sales will be the global companies poised to benefit from this trend.
Testing the Value of Foreign Sales for Large Companies
According to FactSet, a research firm, "coming into the Q3 earnings season,
companies in the S&P 500 with higher global exposure are expected to
benefit from the tailwinds of a weaker U.S. dollar and higher global GDP
growth."
The research firm maintains a database showing Geographic Revenue
Exposur...