Since it will be a long weekend, here are the top 10. Congrats to Frank Lara at the Stockmasters for hitting the Top Spot…
1. Home Depot May Be Down, But They Got Flavor
The Stockmasters make the case for Home Depot
2. Interview with Syntax-Brillian’s Vince Sollitto
Vince Sollitto on shorts, earnings reports, CFOs, Cramer, the credit crunch, and more.
3. Book Review: Active Value Investing
A book review by Geoff Gannon on Vitaliy Katsenelson’s “Active Value Investing”
4. Why Ask Me? Ask Mohnish.
Joe Ponzio attended Pabrai Funds annual meeting armed with questions from his visitors and shares his responses.
5. Magic Formula’s: Do As I Say, Not As I Do?
Why it’s hard to follow a magic formula
6. Value Discipline: The Sub-Prime Crisis and the Hedge Fund Collapse
Excerpt: “What is sometimes missed is how verklempt the financial world got in August. A wave of deleveraging of hedge funds ensued which resulted in some very strange occurrences, namely cheap stocks, or value stocks, got pummeled…”
7. Pabrai Week: The Kelly Formula
John Larry Kelly came up with a formula to determine how much you should bet on a gamble or investment to optimize your bankroll. Now known as the Kelly Formula, the equation determines the optimal percentage of your cash to bet on a favorable bet. Mohnish Pabrai talks about it and applies it to some of Buffett’s past purchases
8. Pabrai Channels the Oracle
In Chicago last weekend, a big crowd — perhaps the largest yet — came out to hear value investor and Warren Buffett disciple Mohnish Pabrai.
9. A Dozen $10 Billion+ Buys
The twelve best large caps buys in the market right now.
10. Altria’s Spin Documents Filed With SEC: Some Details
Todd Sullivan at ValuePlays went through the filing and has these notes