James Pan - Value Investor

Here is a series of videos of a lecture given by James Pan. I came across them trawling YouTube last year. Here is the first - you can get the rest from YouTube quite easily.

I very much enjoyed the videos there are a couple things that stick in my mind even though it is, now, quite a while since I listened to them.

1. There is nothing quite like the feeling of a successful short.
2. Who can understand the company report of a bank?

The second point is quite interesting - if you can not understand the company report what hope do you have of figuring out for yourself if the company is good or bad or mediocre. You can, of course, rely on other peoples advice. I have got burnt that way once and almost burnt another time. Almost burnt is probably the more interesting. I am an on and off reader of the Investors Chronicle (which is excellent) I remember a recommendation for the Anglo Irish Bank.

Warren Buffet and Charlie Munger are adamant about investing in things that they understand. The more I think about this the more it makes sense.