Many smart investors use stock screeners to help filter through thousands of investment candidates. How else can you quickly go through TONS OF DATA?!
We’re going to tell you how to do just that.
Today’s guest on Tradestreaming Radio, Lenny Grover is the founder of Screener.co — really one of the most robust, powerful stock screeners on the market.
It puts the power of institutional research tools like Bloomberg into the hands of all investors — for a fraction of the price.
Lenny talks to us about the need to use technology tools like Screener.co, why and how he developed this software, and actually shares with us his investment methodology as he searches for value stocks.
Lenny’s also giving Tradestreaming listeners a free 60 day (normally only 30) trial of Screener.co.
Kaching, nice bonus.
Drop me a line at zack at tradestreaming.com (where at [email protected]) to request it and we’ll send you out a special code.
GET THE GOODIES BELOW
How does a foreigner invest in some of the most compelling emerging markets in Asia and the Middle East? Which geographies should investors be looking seriously at?
He’s also written a book about global investing, What Would Ben Graham Do Now: A New Value Investing Playbook for a Global Age.
He was head of direct investments in the Middle East and Pacific for Alaweed’s barebones (staff of 2 or 3 people), multi-billion dollar, global investment machine.
The Tradestreaming global investing ebook
On Tradestreaming Radio, we’re interviewing lots of innovative entrepreneurs, investors, and researchers all trying to make investors better at what they do. Check out our archives. Subscribe on iTunes. The podcast itself can be heard in its entirety here.
Transcript purchased from SpeechPad
Announcer: Live from the Internet, it’s Tradestreaming Radio, with your host, Tradestreaming.com’s own Zack Miller.
Zack: Hey, this is Zack Miller and you’re listening to Tradestreaming Radio, our place on the Internet where investors learn directly from experts. We’ve got a great show today. We’ve got Jeffrey Towson, the author of “What Would Benjamin Graham Do Now?” Towson was Head of Direct Investments, Asia Pacific and Middle East for Prince Waleed of Saudi Arabia, who is the world’s fourth wealthiest person. He manages a portfolio of over $22 billion, and Towson worked for him for many years, having grown up in the States. Lived overseas and was very much involved in direct investments, buying up properties, investing directly into companies.
His book is a really interesting take, because for many years, obviously, U.S. investors have recognized that there is the rest of the world, and it’s getting more and more interesting. Unfortunately, the way we do it is somewhat, according to Towson, very contorted. Buying a multinational that has exposure to the Middle East is one way to play this game, but obviously not the best. So, in his book, he lays out sort of a framework for investors of any sort, whether they’re retirement investors or professional investors, private equity guys, hedge fund managers, who really want to understand and learn from a framework of how to do business in the Far East. He lays it out in this book.
It’s a very good book. The book, in fact, is probably more suited for the classroom, but it was a very informative read. Lots of interesting anecdotes, and to me, the most interesting thing about the entire enterprise is how Waleed grew his business from a $30,000 loan from his father into a $22 billion investment portfolio, really with two or three staff. It’s a bare bones operation, yet he has his hands in investments all over the world. Being able to understand that model, to me, was really one of the most interesting takeaways from this book. Continue reading “How Saudi Prince Waleed invested globally and grew $30k to $22B — with Jeffrey Towson (transcript)”
Saudi’s Prince Waleed took $30k and investing globally, turned it into $22 billion — all with staff of only 2 or 3.
He was able to accomplish this by applying a framework to invest globally. Like Buffett, Waleed is a value investor. But the similarities end there — Waleed is a deal maker, on the prowl to see where he can add value and how.
In this podcast, we’re joined by Jeff Towson, who was Head of Direct Investments Middle East/North Africa and Asia Pacific for Waleed** for almost 10 years. He’s written a new book describing the Waleed model, What Would Ben Graham Do Now: A New Value Investing Playbook for a Global Age. He explores the essential question of our day: how does a foreigner properly invest in emerging markets? Continue reading “How Saudi Prince Waleed invested globally and grew $30k to $22B — with Jeffrey Towson (podcast)”
Warren Buffett is an investing legend to almost 3 generations now. Here’s the best way to learn from and about Warren Buffett.
About Warren Buffett
Wikipedia: Warren Buffett: everything you wanted to know about Buffett, the Oracle of Omaha
The Snowball: Warren Buffett and the Business of Life (book): written by Alice Schroeder, former director at Morgan Stanley, hand-picked Buffett biographer
About Buffett’s investment strategies
Berkshire Hathaway’s shareholder letters: Go to the source for inside understanding of how Buffett looks at his own business and investing in others
MarketFolly: Buffett’s portfolio: Monitor the ins-and-outs of holdings in Buffett’s investment portfolio
Buffettology: the previously unexplained techniques that have made Warren Buffett the world’s most famous investor (book): Perhaps the best of the Buffett books, Buffettology is a great resource for investors to learn how Buffett values companies, complete with formulas
Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing (book): With Buffett Beyond Value, you’ll learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies.
Warren Buffett Resources
Validea’s Buffett Portfolio: Screening for Buffett-like stocks and performance
Buffett takes heat on ownership of credit rating agencies.
Warren Buffett speaks to a class of MBA students.
Joel Greenblatt’s Magic Formula has racked up great performance over the years. In fact, in his seminal book on the subject, The Little Book That Beats the Market (Little Books. Big Profits), Greenblatt claims a 20 year investing record with annualized returns of 40%. Not too shabby. So, here’s a one-page list of the best resources for investors to learn and invest in the Magic Formula.
Magic Formula Official Website
Greenblatt’s Magic Formula Investing: has some how-to articles on Magic Formula investing and a simple, easy-to-use, basic stock screener
Sites following the Magic Formula Strategy
MagicDiligence: great free and subscription site that digs deeper on magic formula stocks with good analysis
Wikipedia: Magic Formula: Everything you wanted to know (and more).
ValueHuntr: While not explicitly following Magic Formula, there is a lot of overlap here.
Old School Value: Magic Formula Stock Screen (over $50M)
Other Magic Formula Resources
Steve Forbes interviews Magic Formula’s Greenblatt (Series on Magic Formula)
Improving on the Magic Formula’s Performance (Manual of Ideas)
Checklists and Avoiding Investing Mistakes
Famed Value Investor Mohnish Pabrai (read more about him here) is interesting:
He suggests looking at his own — and other funds — mistakes and trying to learn from them and then reverse engineer a portfolio that is built to avoid these. It’s like piggyback investing by following what not to do, rather than what to do.
“The most important thing I learned, when you look back at investing mistakes, the cause is elementary and can be prevented.”
For more on investing checklists, check this interview out.