Paper Assets | wealthymatters

Marty Whitman

June 11, 2012 3 Comments

Martin J. Whitman(Marty Whitman)is the founder of Third Avenue Funds, a family of Value Mutual Funds. Martin Whitman is a veteran value investor with a long, distinguished history . He has successfully identified value in securities for more than 50 years.

Mr. Whitman served as a Distinguished Management Fellow at Yale School of Management for over 30 years.He received a Masters degree in Economics from the New School for Social Research and graduated from Syracuse University magna cum laude. Syracuse University’s Whitman School of Management is named in his honor.

One proven value philosophy guides each of his investments:-The cheaper you buy, the greater the potential investment reward and the cheaper you buy, the less the inherent risk. The low price paid limits downside market risk and increases appreciation potential.So he seeks to invest in safe companies that are cheaply priced: Read more of this post

Filed under Paper Assets, Theory, Tool Kit Tagged with Martin J. Whitman, Marty Whitman, Marty Whitman investment strategy, Marty Whitman quotes, postaday, Syracuse University’s Whitman School of Management, Third Avenue Funds, value investing, value investor

Canara Robeco’s Take On Gold

June 5, 2012 10 Comments

Below is an article from today’s ET.The author has failed to convince me that buying and holding physical gold at current prices is likely to be a good idea in the long term.After all paper currency systems must collapse sometime and gold tends to be around forever.But buying paper gold,especially as part of a blended mutual fund such as a combo of equities,gold and debt might have something going for it.Read the article below and decide for yourself:-

Gold to scale new peaks in coming years: Ritesh Jain, Head of Investments Canara Robeco Asset Management.

It’s a lump of metal with no cash flows and earnings power. The buyer even foregoes gradual accumulation of intrinsic value as it is industrially useless. But just imagine the second-largest economy in the world frantically buying this metal. Read more of this post

Filed under Paper Assets, Precious Metals Tagged with austerity, blended mutual fund, Canara Robeco Asset Management, Gold, gold bull, gold bull run, Gold Investment, Inflation, old bull market, paper gold, postaday, Ritesh Jain, Rydex Precious Metals Fund.

It’s Impossible Not To Be A Millionaire

June 4, 2012 7 Comments

In this post I will tell you the strange story of Curt Degerman.His story will show you how it is impossible not to become a millionaire.

Curt lived in the Swedish coastal town of Skellefteå.He was born in 1948.As a child he was very clever and had a bright future but dropped out of school in his late teens after a personal crisis.He never completed school, married, nor had a family of his own.He chose to live an alternative way of life and largely kept to himself.

Curt Degerman was called “Burk-Curt” (‘Tin-Can Curt’) by the residents of Skellefteå.For forty years Curt was a solitary figure seen cycling around the town in his blue anorak and ragged trousers.He spent his days touring the recycling bins of the town on his old bicycle and rummaging through them, collecting bottles and cans .Curt transported the bottles and cans he found by stuffing them into bags tied between the handlebars of his bicycle.He sold the tins and bottles to shopkeepers and a recycling plant. Read more of this post

Filed under Paper Assets, Precious Metals, Theory, Tool Kit Tagged with bank savings, Curt Degerman, Dagens Industri, estate, gold bars, income from recycling, kronor, Millionaire, Mutual Funds, postaday, recycling, Skellefteå

An IPO Investment Tip

June 3, 2012 5 Comments

I’m not really that much of an IPO investor-I have only applied twice,once for Coal India and the second time for MCX.I find IPOs too much of a gamble.I’m never certain that I have all the relevant facts before me to take a decision.Blind trust and money just don’t go together for me.That said, I have heard the stories of how people have made good money fast from IPOs.So I continue to look for ways to even the odds in the game.This is an article I came across in the ET:http://articles.economictimes.indiatimes.com/2012-06-01/news/31959423_1_nonvegetarian-food-investors-listing-day

The relevant excerpt is as follows: Read more of this post

Filed under Paper Assets, Theory Tagged with Coal India, IPO, IPO investing, MCX, postaday, share bazar, stock market

CRISIL And Its Ratings

May 26, 2012 6 Comments

Credit Rating and Information Services of India Ltd. (CRISIL) is India’s leading Ratings, Research, Risk and Policy Advisory Company based in Mumbai .CRISIL pioneered ratings in India more than 20 years ago, and is today the undisputed business leader in India.CRISIL’s rating experience covers more than 45000 entities, including 30,000 small and medium enterprises (SMEs).