Author Archives: Timeless Investor

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.

My Investment Lessons Learned in 2011

My investment portfolio, including 401k, IRAs, Roth IRAs and HSA, dropped ~10% last year. It was pretty bad compared with the returns of SP500.

Posted in Lessons Learned | 3 Comments

Collection of Warren Buffett’s letters

Tons of books have been written about Warren Buffett and his investment strategies, however, none of them is written directly by him. The only documents that written by Buffett are his company’s annual letters.

Posted in Presentations and Notes | 12 Comments

Writeups and video from Michael Burry

Michael Burry is a well-known self-taught value investor who is one of the first investors in the world to recognize and invest in the impending subprime mortgage crisis in US from 2005 to 2009.

Posted in Investment Methodologies, Investment Planning, Presentations and Notes | 35 Comments

Retrospect of US economy in 2011

The Dow Jones index ended the year 2011 with 5.5% up, S&P 500 index completed less than 1% below its 2010 close, and Nasdaq finished with 1.8% depressed. Overall, U.S. equities closed on a very volatile year largely driven by … Continue reading

Posted in Macroeconomics | 3 Comments

Happy New Year!

I just came back home from a two weeks vacation. During these two weeks, we traveled to LA, Las Vagas and Grand Canyon. It was a wonderful and exciting trip.

Posted in Uncategorized | 1 Comment

Book note of chapter 20 (final chapter) of “The Intelligent Investor”

Book note of the final chapter Book_note_chap20_Margin of Safety

Posted in Presentations and Notes | 2 Comments

Book Notes of Chapters 18 and 19 of “The Intelligent Investor”

book notes … Book_note_chap18_Comparison of Eight Pairs of Companies Book_note_chap19_Dividend Policy

Posted in Presentations and Notes | 1 Comment

Book notes of Chapters 16 and 17 of “The Intelligent Investor”

book notes of chapters 16 and 17 Book_note_chap16_Convertible Issues and Warrants Book_note_chap17_Four Extremely Instructive Case Histories

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Book notes of chapters 14 and 15 of “The Intelligent Investor”

Book notes continued Book_note_chap14_Stock Selection for the Defensive Investor Book_note_chap15_Stock Selection for the Enterprising Investor

Posted in Presentations and Notes | 2 Comments

Book notes of chapters 10, 11 and 13 of “The Intelligent Investor”

continue to post my book notes Book_note_chap10_The Investor and His Advisers Book_note_chap11_Security Analysis for Lay Investor_general_appr Book_note_chap13_A Comparison of Four Listed Companies

Posted in Presentations and Notes | 37 Comments