In this edition we take a look at the Lollapalooza effect, a term coined by Warren Buffett's former right hand man at Berkshire Hathaway, Charlie Munger. We look at what the effect is exactly and how failure spot it in action can prove to be of great detriment to the investor's pocketbook.

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In this edition we consider why so many professional investors do so badly when it comes to investment, with some it seems not even able to outperform a group of defecating bovines. We take a look at some of the crafty tricks used by industry professionals to hide the fact they simply aren't any good at what they do. Finally we consider the charge that Warren Buffett and other famous value investor's outsized investment returns are down to pure luck alone.

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In this episode we explore the principle of compound interest. We consider what it is, how it works in practice and why it is perhaps the single most important factor in investment success and wealth creation.

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In this episode we continue our look into the business accounts that will be vital when arriving at any valuation decision. We consider the difference between tangible and intangible assets and why knowing the difference is such an important distinction from the view point of the investor.

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In this episode we consider what has been going on in the markets over the last couple of weeks, how the intelligent investor should react, and why times of turbulence are an opportunity to test your mettle.

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A REPUBLISHED Piece. My FIRST ever podcast! (It wasn't quite as bad as I had remembered) But it remains a self-taught (and ever so slightly amateurish) exploration into the world of Podcasting. Whilst I hope that I delivered much of what I promised back then, I realise that there is so much more in-store. In time I hope to deliver a much more bespoke and individual experience for my dedicated listeners, including the option of paid content to turbo charge your understanding of Benjamin Graham, the tutor and mentor of Multi-billionaire Warren Buffett. I hope you find my lack of professional editorial polish charming and if not, that it more than made up for by what I have to say on the subject that I hold dearest to my heart, the value investment approach as espoused by the GOAT on this subject. I promise to improve (it can't get no worse). David

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In this edition we take a look at one of the most important documents to be found in a company's accounts, the Income statement or Profit and Loss account. We consider how oftentimes all is not what it seems with this seemingly innocuous accounting document. We look at common and perfectly legal techniques accountants and management teams can use to paint a picture that suits their narrative but all too often leads the unwary investor into overvaluing a business.

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In this episode we take a brief look at certain legacy businesses shunned by many investors and institutions on moral and ethical grounds. We consider the morality of investing in and profiteering from businesses whose operations damage the environment and cause public health issues. We also take a look at the economics of such businesses exclusively from a value standpoint.

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