Value investing
David Miller of Catalyst Mutual Funds talks about what value investors should look for when researching insider purchases and sales. David believes that insider buying is a clearly a good sign and historically it has 900 basis points of alpha. However, selling is much harder to determine, but it is normally a bad sign. David explains more in this interview with The Manual Of Ideas. The owners of Manual of Ideas are hosting a completely online value investor conference. One of the speakers is, Soo Chuen Tan, a former analyst at Seth Klarman’s Baupost Group. More information on the conference can be found here-Best Ideas 2013, the video is embedded below: