timeless reading value investing

Timeless Reading

This page I devoted to many documents on Value investing. Some are 50 years old, some are brand new. I called the page timeless reading because I believe regardless of the publication date all the information is very relevant and important for value investors. There are hundreds of hours of valuable reading on this page. Everything on the page is free so enjoy!

I update this site frequently both when I find old documents, and when new documents are published. So make sure to come back frequently.

Graham and Doddsville Newsletter Archives

Spring 2010 Issue(PDF) Featuring Glenn Greenberg.

Winter 2010(PDF)

Fall 2009(PDF)

Summer 2009(PDF)

Winter 2009(PDF)

Summer/Fall 2008(PDF)

Winter 2007/2008(PDF)

Summer 2007(PDF)

Winter 2006(PDF)

Several Selected Publications

SUPER INVESTORS OF GRAHAM-AND-DODDSVILLE Famous Speech by Warren Buffett on Value Investing. I would call this the Gettysburg Address of Value Investing. This is a must read for any value investor.

What Has Worked in Investing. Excellent booklet put together by Tweedy Browne LLC. Another must read for value investors.

Value Investing: The Use of Historical. Financial Statement Information to Separate Winners from Losers Excellent research paper by Joseph Piotroski regarding the out performance of value stocks over time.

Studying different Systematic Value Investing Strategies on the Eurozone stock market. A study of Piotroski’s formula on European equities

Tweedy Browne. “What has Worked in Investing: Studies of Investment Approaches and Characteristics Associated with Exceptional Returns” (1992).
PDF download (124 KB)

Dubinsky, Andrew. “Value Investing Retrospective” Heilbrunn Center for Graham and Dodd Investing Research Project (2006).
PDF download (1326 KB)

Fama, Eugene and Kenneth R. French. “Value versus growth: The international
evidence” Journal of Finance 53 (1998): 1975–1999.
PDF download (124 KB)

Lakonishok, J., A. Shleifer and R. Vishny. “Contrarian investment, extrapolation and risk” Journal of Finance 49 (1994): 1541–1578.
PDF download (1176 KB)

La Porta, R., J. Lakonishok, A. Shleifer and R. Vishny. “Good news for value stocks: Further evidence on market efficiency” Journal of Finance52 (1997): 859–874.
PDF download (509 KB)

Baupost fund letters by Seth Klarman from 1995-2001

Benjamin Graham Hearing to a U.S. Senate Committee for a Stock Market Study

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Ten Rediscovered Lectures of Benjamin Graham’s Columbia class from 1946

Graham-Newman Partnership Letters

1946 Letter to Investors 1953 Letter to Investors
1947 Letter to Investors 1954 Letter to Investors
1948 Letter to Investors 1955 Letter to Investors
1949 Letter to Investors 1956 Letter to Investors
1950 Letter to Investors 1957 Letter to Investors
1951 Letter to Investors 1958 Letter to Investors
1952 Letter to Investors