Value Investing Principles Point to Success in Buying and Selling

The dilemma is we try to know something we can’t: We know that to make money in the stock market we need to “buy low and sell high” which is easier said than done. Doesn’t that put us in the difficult position of trying to figure out if the market is going to go up […]

Building a Portfolio around Value

Value investing provides advantages that can be compounded in a portfolio. Keep in mind though; there is really no one answer for everyone. Circumstances, situation in life, available resources, time available and opportunities in the market place, to name a few will influence holdings in your portfolio.  That’s why in our Value by George portfolio all holdings […]

Risk and Investor Discipline

We have been taught that a high rate of return requires that we take greater risks and the way to manage that risk is diversification. This is flat wrong and detrimental to our wealth. How can such a widely held view be wrong and if it is what is the correct view? The answers are […]

American International Group (AIG) Report for 1Q12

American International Group (AIG) reported earnings after the market close 5/3/12. It is an excellent report as our investment thesis remains on track complimented with strong support from a significant improvement in ongoing core insurance operations. Our thesis is AIG’s management is showing significant progress recapitalizing the company.  We estimate an intrinsic value of about […]

American Capital (ACAS) Reports 1Q12

American Capital LTD (ACAS) reported 1Q12 earnings after the market close 5/1/12 and held the conference call today at 10 CT. It was another good report from ACAS. Our investment thesis remains on track and the only disappointment from last quarter is being addressed. ACAS remains an attractive investment  in my view trading at a […]

American International Group, Inc. Thesis

American International Group, Inc. (AIG): American International Group, Inc. (AIG) is a leading international insurance company serving customers in more than 130 countries. AIG serve commercial, institutional, and individual customers through extensive worldwide property casualty networks. They are leading providers of life insurance and retirement services in the United States. AIG common stock is listed […]

American International Group (AIG) Investment Thesis Posted

AIG’s management has shown significant progress since the financial and credit crises. The path forward seems to be clear for AIG.  Events of the past few months shed additional light on overcoming the remaining hurdles including the; the ability to source significant cash to conclude restructuring; U.S. Treasury sales indicate a rationale approach to the disposition […]

American Capital (ACAS) Reports 4Q11

American Capital LTD (ACAS) reported earnings after the market close 2/14/12. It was a good report and our investment thesis is on track but there is one disappointment. More on that later. Our Net Asset Value (NAV) estimates of $13.48/share by yearend 2012 was exceeded yearend 2011 as the company reported $13.87 NAV per share […]

Value Investing: Don’t Make it Difficult

Value investing can be difficult for some because value investors often buy what is unpopular at the moment. After all a company’s stock usually has to be out of favor to be cheap, right? Friends and neighbors are talking about their insightful investments in Apple and the awesome leading edge products or Amazon and the […]

American Capital Ltd (ACAS)

Summary: American Capital Ltd (ACAS) offers a unique opportunity for non-institutional investors to invest in private equity at a deep discount to its intrinsic value.  It is a company going through a restructuring and appears to be a good opportunity for investors looking for value ideas. It appears in the three valuation cases an acceptable […]