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.

Book notes of chapters 7 and 9 of “The Intelligent Investor”

Book notes to share with you, Book_note_chap7_portfolio_policy_Enterprising_investor_positive_side Book_note_chap_9_Investing in Funds

Posted in Presentations and Notes | 3 Comments

Book notes of chapters 5 and 6 of “The intelligent investor”

Continue sharing of book notes Book_note_chap_5_defensive_investor_and_common_stocks Book_note_chap6_portfolio_policy_Enterprising_investor_negative_appro

Posted in Presentations and Notes | 2 Comments

On vacation

I will be on vacation and will travel to the west coast for the next two weeks. I might have not many chances to access computer and blog then.

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Seize economic data in just one click

We understand that intrinsic value of stock largely depends on the nature of business itself which, defined by Warren Buffet, includes four key aspects – business, management, financial and value.

Posted in Macroeconomics | 3 Comments

Book notes of chapters 3 and 4 of “The intelligent investor”

continue the sharing of my book notes of “The Intelligent Investor”, Book_note_chap3_A Century of Stock-Market History Book_note_chap_4_portfolio_policy_defensive_investor

Posted in Presentations and Notes | 1 Comment

What are the big names who are now buying and/or owning BAC?

Currently there are a lot of negative news and things about BAC and all banks in general. We are wondering what are the famed value investors’ takes on BAC:

Posted in Equity Analysis | 31 Comments

Valuation of BAC using Graham formula and relative valuation method

Let us exercise some valuations of stock,  By using Ben Graham formula, In the book “The Intelligent Investor”, Benjamin Graham gives a formula to value intrinsic value of stocks. He disregarded complicated calculations and kept his formula simple. The original … Continue reading

Posted in Equity Analysis | 3 Comments

Excellent readings and links about investment

1. Outstanding value investing newsletter – Columbia_Biz_school_newsletter_2011 edited by students of Columbia Business School.

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US Macroeconomic indicators with high impact

How do we diaganose the health of US economy nowadays? The best way is to study the macroeconomic indicators.

Posted in Macroeconomics | Leave a comment

Is the curent market cheap? Part II – what does DCF model tell us.

Is the current market cheap or expensive? Let us use two stage growth Discount Cash Flow (DCF) model to calculate the intrinsic value of SP500 in order to answer this question.

Posted in Equity Analysis | 2 Comments