The Fundamentals of Investing 101
Value Investing was developed in the 1920s at Columbia Business School by finance adjunct Benjamin Graham. Roger recently recorded an educational video for investors who want to understand the fundamentals of a quality business and also what might be important in terms of value investing. In this 45-minute fundamental investing 101 session, Roger presents you some of the basic elements of identifying a quality business, finding that quality business at a rational price and how to identify companies with the ability to generate a high rate of return on equity over a long period of time. The video covers how to think about the stock market, identify quality businesses, some ideas for calculating or estimating the intrinsic value of a company, as well as some alternative ways of thinking about value. And then the single most important factor in determining a successful share market investment.
“Do not forego the opportunity to buy shares in extraordinary businesses because of near-term concerns about the economy, or because of fears that falling prices mean risks have increased.” Roger Montgomery
If you would like to learn more about this style of investing, you can purchase Value.Able: Discover how to value the best stocks and buy them for less than they’re worth.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Ciaran Lewis
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Great video – thanks Roger.