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Valuation Based Investing

We teach investing to busy professionals through a PROVEN VALUATION-LED framework to analyse businesses and build a disciplined portfolio

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PricingFreemiumPublishesTwice weekly
Issues34Founded6 months agoLast Issue4 days ago
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Latest Issues

Portfolio Construction — Start by Starting

{Quick note 1: before diving in: I have included links below to a earlier articles that give further. This piece focuses simply on portfolio construction}

(Quick note 2: for the purpose of this article, we imagine that we’re constructing a...

4 days ago
5
2

Managing a Stock Portfolio Without the Noise: A Guide for Busy Professionals

When I founded Valuation Based Investing, it was driven by two foundational beliefs.

1. Valuations, and not narratives must drive decisions – know what it’s worth, then decide what you want to pay for it

2. The framework is design...

12 days ago
6

The Potato Farmer, the Carrot Farmer and the Gold Miner

This is not an article about predicting the gold price. I am not making a call on central bank buying, ETF flows, real interest rates or technical levels. Plenty of people do that already—and some will be right.

The debasement trade is gat...

19 days ago
8

Part 2 - Why High Returns Are Not a Shortcut: From Personal Risk-Free Rate to Financial Competence

In part 1 of this series, we met Current Account Chris, Deposit Account Daniel, Gilt-the-Long-Term George, and Credit Card Candy.

The point was simple: the “risk-free rate” in a textbook is not the rate everyone automatically earns in real...

a month ago
6

Why Your Personal Risk-Free Rate of Return Is Not the One in the Textbook

Most investors have come across the term risk-free rate.

It appears in valuation textbooks, DCF, CAPM, discounting cashflows, etc. The usual academic answer is some version of a government-bond yield: perhaps the 10-year Treasury, the 10-y...

a month ago
5
1

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    Take charge of your investing with confidence. We teach busy professionals how to value businesses and build a portfolio — whether you're just starting out or looking to sharpen your edge.

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