Value Investing 101
Value Investing..
Something often said but not understood..
Value Investing. Something often said but not understood. We here behind the scenes at Canadian Value Investors have collectively spent over two decades talking about Value Investing and have put together the following Value Investing 101 Guide – Or the CVI Value Investing Checklist. This is meant as a 101 guide to get you going as well as help those Continuous Learning Machines and the Checklist Makers out there who want to make sure their bases are covered.
“Value investing consists of quantifying what something is worth intrinsically, based primarily on its fundamental, cash flow-generating capabilities, and buying it if its price represents a meaningful discount from that value.” — Howard Marks, Oaktree Capital Management
“We don’t consider ourselves value investors. We consider ourselves investors, . . . There is no such thing in our mind as value or growth investing . . .” — Warren Buffett, May 2019
To make this easier to read and find things you want to learn about, we have broken it into: The CVI Investing Checklist, where you develop a structured system to invest, introducing the concepts of an Investment Checklist, investment concentration, permanent capital, and learning from mistakes. Following this, we cover the concept of Investment Cloning, which we believe is an unbelievably undervalued approach, particularly for those early in their investing careers. This includes case studies and step-by-step guides.