Value Discipline

A celebration of value thinking, a salute to common sense and straightforward logic. I hope to explore the logic of Wall Street recommendations in a value context. Many of these ideas are employed in my portfolios and those of my family, friends, and clients. Please bear in mind that ALL ideas, opinions, and/or forecasts are for informational or entertainment value ONLY and should NOT be construed as a recommendation to invest, trade, or speculate in the stock market.

Sunday, January 08, 2006

Some great work on SAFM that you should know about!

This morning on Geoff Gannon's blog, Gannononinvesting.com, he once again is kind enough to mention this blog. Geoff is quite correct in pointing out that PPC did run into difficulties in its history because of its leverage. I very much appreciate your comments Geoff! Too much leverage in a cyclical business when the cycle is going against you is a sure-fire way to create agita at a minimum. I much prefer SAFM.

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Name: Rick

Location: Oakville, Ontario, Canada

I have been a portfolio manager of institutional portfolios for 30 years. My current interests focus on separately managed accounts for individuals as well as portfolio selection for unit investment trusts. I am a Chartered Financial Analyst as well as a Certified Financial Planner. My greatest joy outside of my family is training young people to become better research analysts, portfolio managers and financial planners.

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