Value Investing World Newsletter

Value Investing World Announcement valueinvestingworld.com/2020/05/value-…

Links - 07/27/2025 [free] open.substack.com/pub/valueinves… “Refusing to join in the errors of the herd—like so much else in investing—requires control over psyche and ego. It’s the hardest thing, but the payoff can be enormous.” —Howard Marks

Links - 07/23/2025 [subscribers] open.substack.com/pub/valueinves… “You can easily judge the character of a man by how he treats those who can do nothing for him.” —Johann Wolfgang von Goethe

Links - 07/22/2025 [subscribers] open.substack.com/pub/valueinves… “Character is simply habit long continued.” —Plutarch

Links - 07/21/2025 [free] open.substack.com/pub/valueinves… “All businesses should constantly be thinking about what can mess up their business model…. We want managers that are thinking about change, and what’s going to be needed for their business model in the future.”—Warren Buffett

Links - 07/17/2025 [subscribers] open.substack.com/pub/valueinves… “The power of herd psychology to compel conformity and capitulation is nearly irresistible, making it essential that investors resist them.” —Howard Marks

Links - 07/15/2025 [subscribers] open.substack.com/pub/valueinves… “Human felicity is produced not so much by great pieces of good fortune that seldom happen, as by little advantages that occur every day.” —Benjamin Franklin

Links - 07/14/2025 [subscribers] open.substack.com/pub/valueinves… “I think our method of acquiring for cash, and acquiring good businesses, and building many, many sources of growing earning power, I think, is a terrific model.” —Warren Buffett

Links - 07/12/2025 [free] open.substack.com/pub/valueinves… “Investing is a popularity contest, and the most dangerous thing is to buy something at the peak of its popularity.” —Howard Marks

Links - 07/10/2025 [subscribers] open.substack.com/pub/valueinves… “I recommend you to take care of the minutes, for the hours will take care of themselves.” —Lord Chesterfield

Links - 07/09/2025 [free] open.substack.com/pub/valueinves… “You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term.” —Joel Greenblatt

Links - 07/08/2025 [subscribers] open.substack.com/pub/valueinves… “Risk means the chance of being wrong — not always in an adverse direction, but always in a direction different from what we expected.” —Peter L. Bernstein

Links - 07/07/2025 [subscribers] open.substack.com/pub/valueinves… “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.” —Warren Buffett

Links - 07/03/2025 [subscribers] open.substack.com/pub/valueinves… “It’s only when buyers predominate relative to sellers that you can have highly overpriced assets. The warning signs shouldn’t be hard to spot.” —Howard Marks

Links - 07/02/2025 [free] open.substack.com/pub/valueinves… “Genius, that power which dazzles mortal eyes, is oft but perseverance in disguise.” —Henry Austin

Links - 06/30/2025 [subscribers] open.substack.com/pub/valueinves… “The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.” —Benjamin Graham

Links - 06/26/2025 [free] open.substack.com/pub/valueinves… “Character is like a tree, and reputation like its shadow. The shadow is what we think of it; the tree is the real thing.” —Abraham Lincoln

Links - 06/24/2025 [subscribers] valueinvestingworld.substack.com/p/links-062420… “A man should never be ashamed to own he has been in the wrong, which is but saying, in other words, that he is wiser today than he was yesterday.” —Alexander Pope

Links - 06/23/2025 [free] valueinvestingworld.substack.com/p/links-062320… “It’s the surprises no one can anticipate that would move markets most if they were to happen. But (a) most people can’t imagine them and (b) most of the time they don’t happen. That’s why they’re called surprises.”—Howard Marks

Links - 06/22/2025 [subscribers] open.substack.com/pub/valueinves… “Your ability to control your thoughts—treat it with respect. It’s all that protects your mind from false perceptions—false to your nature, and that of all rational beings.” —Marcus Aurelius

Links - 06/19/2025 [subscribers] open.substack.com/pub/valueinves… “A man may rule the world and still be unhappy, if he does not feel that he is supremely happy.” —Seneca