Thursday, August 30, 2007

Israel Value Investing Blog Launch:Happy 77th Birthday Warren Buffett!

Greetings dear visitor and welcome to Israel Value Investing!

The very first post of Israel Value Investing is brought to you by the letters, 'W', 'E' & 'B' and the number '7'.

I chose to launch this post today – of all days – because it was on this day 77 years ago that we were fortunate enough to have one of history's most successful long-term investors join us.

Happy 77th Birthday Warren Edward Buffett – it's good to have you with us!

We wish you long-life – or as they say in the Jewish tradition – 'Until 120'.

The Israel Value Investing blog is dedicated first and foremost to Warren Buffett.

I have little doubt that this blog would exist if it were not for the man. One cannot generate content relating to Value Investing without referring to Warren Buffett or quoting him constantly (and - as you will see - there’s a lot worth quoting!). The contribution that he has made to the Value Investing philosophy is without measure. Through his
Annual Letters to Shareholders, 6-hour long Q & A sessions at the Berkshire Annual Shareholders meeting, and hundreds of interviews, Buffett has generously shared with the world his views, philosophies and investment strategies. Anyone who had the common sense to recognize the eternal truths behind his views will not hesitate to tell you that he is a better investor, CEO, parent, and human being because of them. Close to 20 books have been written about Buffett and hundreds of media articles and interviews. It is little wonder that a cult-following has emerged, hanging off every word and every investment move.

If you have not heard about Warren Buffett, or know little about him – not to worry – I plan to dedicate an entire post to him in the coming days, and will no doubt refer to him in future posts.

The Israel Value Investing blog is where I get to combine my passion for value investing, Warren Buffett (not that kind of passion!), Israel and writing. It is here where I hope to analyze and discuss Value Investing opportunities that present themselves in Israel. It also serves as a medium to address the endless questions from family, friends, and students. Questions like:
Isn’t the stock market risky?
Shouldn’t you invest in real estate? Real estate is a much safer investment than the stock market?

If you’re so good at picking stocks why don’t you use options?

If you’re so good at picking stocks why is such a large portion of your portfolio in cash or treasuries?

Shouldn’t you have a more diversified portfolio?

Shouldn’t you exit the market now, the experts are saying that it is overpriced and heading for a crash?

Who is this Warren Buffett dude that you are endlessly quoting?

Why are you always reading?

In the Israel Value Investing blog you can expect to find posts relating to:

(i) Value Investing: What it is, what are its tenets, why it is considered the most successful long term strategy for investing in the stock market, who are its champions, why so few people have adopted it and more.

(ii) Israel: Why Value Investors around the world should be paying attentionto the Israeli economy and Israeli corporations.

(iii) Value Investing Opportunities in Israel: I intend to scour the Israeli and foreign markets for Israeli corporations that represent excellent 'value' - great companies at great prices.

(iv) Value Investing Opportunities that have nothing to do with Israel: I also intend to take a look at other value investing ideas which may not necessarily have anything to do with Israel.

(v) The Key Drivers that will significantly affect our lives: I hope to refer to the global ‘mega-trends’ that will most likely affect global business in the coming decades.

In the coming posts I hope to share with you:

  • Who is this Warren Buffett dude anyway?

  • Why possessing the habit of gratefulness will make you a better investor.

  • How Buffett and Maimonides think alike and what they both believe is the secret to becoming a great investor.

  • The foundation principles of Value Investing.
  • Why Value Investors should pay close attention to the Israeli economy and Israeli corporations.
And much much more.
Before I start posting on Value Investing opportunities in the Israeli market, I am going to dedicate a series of posts to the underlying principles of Value Investing - for the unitiated.
For those readers that are already familiar with Value Investing, I ask for your patience while I bring the uninitiated up to speed, and look forward to your own contributions.

Signing off for now: "May you always possess the wisdom to see what the market does not, and the courage to act on it."

4 comments:

Unknown said...

With expectations set high, I wish you all the best, and hope this little tree you just planted in blogo-forest will bear both personal and capital fruits.

Avi Ifergan said...

Thanks Shook. I look forward to your insights. - Avi

lior said...

lucky us to have this blog.
best luck and success...

Avi Ifergan said...

Thanks Lior. I look forward to your thoughts and ideas. Please tell your friends. The more rational investors on this forum, the better chance we will have to recognize value.