Behavioral Value Investor

The Behavioral Value Investor Substack merges value investing with behavioral finance to guide investors through successfully navigating market complexities. It emphasizes long-term value creation, effective management, the wisdom of investment legends, and adapting strategies in the face of technological changes and economic factors.

Value Investing Behavioral Finance Investment Strategies Company Management and Strategy Economic Trends and Inflation Risk Management Interviewing CEOs Investment Analysis and Patterns

The hottest Substack posts of Behavioral Value Investor

And their main takeaways

Walking In Memphis

148 implied HN points • 31 Dec 24
💰 Finance Investment Market Trends Personal Finance Behavioral Finance
  1. When people are in pain or facing difficulties, it's easy to think that things will never get better. It's important to remember that these tough times are usually temporary.
  2. Using past pains can help us grow and improve, especially in things like investing. Instead of giving up, we should learn from our experiences and stick to our tried-and-true methods.
  3. The future is often different from what we've recently experienced. Just like healing in life, financial markets also recover over time, so we should stay hopeful even when things seem bleak.

I Am Back: Exposing the Bullsh*t Market

282 implied HN points • 26 Nov 24
💰 Finance Investing Market Analysis Behavioral Finance Cryptocurrency Economic Trends
  1. The author took a break from writing because it felt too scheduled and stressful, but now plans to write when inspired instead. This way, they can share better insights without pressure.
  2. There's a lot of strange behavior in today's markets, like people paying an outrageous amount for a banana or a company being valued more than its actual Bitcoin holdings. It shows how market psychology can be very irrational.
  3. Many financial indicators are warning signs of problems ahead, but people often ignore them because the current trends seem to last. It’s important to recognize these warnings to avoid repeating past mistakes in investing.

5 Insights From Warren Buffett’s 2023 Annual Letter

193 implied HN points • 26 Feb 24
💰 Finance Investing Market behavior Business Analysis Economics Regulation
  1. Good long-term businesses are harder to find than you think. Predicting long-term winners isn't easy, and financial forecasts often miss the mark. Practice humility in investing and be ready to adjust your thesis.
  2. Avoid dealing with dishonest individuals. It's difficult to spot insincerity, and once dishonesty is detected, it's best to move on immediately.
  3. Markets are still prone to irrational behavior. Human nature hasn't changed, and rapid information dissemination can lead to herd mentality and market inefficiencies. Manic behavior in markets is here to stay.

The Market Does Not Care!

156 implied HN points • 10 Mar 24
💰 Finance Investing Market behavior Long term
  1. The market does not care about titles, appearances, or labels - what matters are the quality of your decisions over time.
  2. It doesn't matter which school you went to, what clothes you wear, or if you have a fancy office - the effort you put into research and your convictions is key.
  3. The market doesn't care what others think about you, so it's important to focus on your own investment process and not be swayed by external opinions.

The Benefits of Dynamic Value Investing

178 implied HN points • 06 Feb 24
💰 Finance Investing
  1. Predicting long-term success of companies is difficult at the beginning of the timeframe.
  2. Value investors often fail to update their value estimates based on new evidence.
  3. Investors should focus on how company quality and intrinsic value are changing, rather than staying fixed.
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What Company Earnings Calls Should Be About (But Are Not)

193 implied HN points • 08 Jan 24
💰 Finance Investing Long term Management Capital allocation
  1. Over 50% of an earnings call focuses on short-term demand trends, which is not helpful for long-term investors.
  2. Earnings calls should address long-term value, competitive environment changes, and management's strategies for improving competitive advantage.
  3. Investors and CEOs should prioritize questions that affect the business's value in the long term, rather than short-term fluctuations.

Interviewing Company CEOs: The Must-Ask Question Checklist Every Investor Needs

126 implied HN points • 30 Jul 23
💼 Business Investment Financial Analysis Company strategy Company Culture
  1. Prepare questions for a CEO interview to focus on 'what' and 'how' without being accusatory.
  2. Before interviewing a CEO, decide your goals such as learning, relationship building, or understanding culture.
  3. Topics to cover during a CEO interview include strategy, customers, economics, capital allocation, company culture, and CEO motivations.

3 Investing Patterns That You Should Know

65 HN points • 29 May 23
💰 Finance Investing
  1. Understanding why something is mis-priced is crucial in investing
  2. Identifying and taking advantage of investing patterns can lead to profitable opportunities
  3. Different types of investing patterns include cyclical problems, turnarounds, and underappreciated long-duration growth