Category Archives: Investing

Gav Yam (Bayside): A Stock to Sleep Well at Night

Gav Yam (or in her english name Bayside) is a company that develops and rents industrial real-estate and develops residential projects in Israel. It is a very old company (for Israeli standards), founded in 1928 to help develop the industrial infrastructure of the yet to be born country. The company is a public primarily owned by Nechasim UBinianĀ (Property and Building Corporation in English… a very imaginative name), which in turn is owned by larger Israeli concerns in a not-so-long chain of companies. The following information was extracted from the 2011 yearly statements. The company owns many industrial parks – a … Continue reading

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One Week in Bogota, Colombia

I had to travel unexpectedly to my home country Colombia because my father had to undergo an unexpected surgery (a Carotid Endarterectomy). It has been more than five years since the last time I was here and it is always a bit shocking coming back. Colombia is an incredibly beautiful country that has been torn by violence since it declared independence in 1810 (contrary to common belief that violence is a recent problem, Colombians have been killing each other for almost two hundred years non-stop). Colombia has seen an economic boom the last couple of years, creating with it an … Continue reading

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Book Review – The Little Book that Beats the Market

The Little Book That Beats the Market, by Joel Greenblatt is a really short book for investors searching for a magic formula for stock exchange investing. I like the idea behind the book, but the book itself is well below my standards. First of all, anyone who invests in the stock market should do his own due diligence and not rely on a simple magic formula. There are no free lunches, and if you want to earn money in the stock market, you have to work for it, just like earning money in any other human endeavour. Secondly, the book … Continue reading

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Seem that Tshuva is Going for a Haircut

It seems that Tshuva is going for a haircut or at leas postponement of debt payment, as has been published in the Israeli financial media. My previous point of view has been proven wrong and I am really sad for this, because the guy put in a lot of his money into the business and also sold and sold properties to try to return the debt. Oh well. I hope we both learned from the experience. P.D: my position on all Delek Nadlan securities was sold about two months ago because the future became uglier. P.D.2: this is my private … Continue reading

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The Seven Laws of Investing

Just finished reading James Montier‘s article on this subject (available for free at the GMO site). A definite recommendation for any serious investor. Enjoy it.

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