Roger Montgomery - Value Investor

Roger Montgomery is an Australian value investor who has a regular spot on Sky. He is something of an enthusiastic self publicist and I suspect has a bit of of a cult following. He is very good. There are many you tube videos featuring Roger - here is one of them:

Roger's approach to investing is seemingly simple - he classifies businesses on a scale of A1 to C4. He then uses ROE to estimate intrinsic value. He then seeks to invest in A1 or A2 businesses that trade at a discount to intrinsic value and sells them when they exceed it significantly or he sees better value elsewhere.

Roger publishes a book "Valu.able" that is available mail order from his web-site. It is an excellent book and I heartily recommend it. The only thing that detracts from the book is the fact that it has a full-stop (period) in the middle of the name.

I got a huge amount out of this book. Roger's gift, as an author, is explaining things clearly with examples and counter examples. There is a book review here. If you are new or newish to value investing I would really recommend it. You can order it from Rogers web-site here.

Wear Sunscreen (Mary Schmich)

This video has nothing to do with investing. A friend of mine passed it on to me and I like it.