I am currently going through a list of must-read value investing books. I will continue to post summaries with passages and notes that I take away from these books and post them here as I finish them. Although rarely known outside of value investing circles, Peter Cundill is likely the most famous Canadian value investor of all time. I recommend his book for any aspiring investors to get a glimpse of the mentality needed to build a career in investing management as well as his thinking in regard to financial markets. The reason I was drawn to learn about him is two-fold: Peter is a Canadian investor like myself.  Peter has been recognized for his ability to find value in markets beyond North America - often investing in developing countries that many investors will not even consider. Although finding value in publicly traded stocks has gotten more competitive with increasing globalization and access to data, there are bound to be neglected opportunities if one is to look beyond the...

As I write this at the beginning of September, the SnP-500 index - the index representing the 500 most valuable companies in The United States- marches on toward all time high levels. Other world stock indexes have rebounded rather quickly as well. The SnP-500, the FTSE100 (England), the Euronext index, and broad Canadian ETFs have all recovered most of the value that they lost after the catastrophic month of March, and now seem to be heading toward highs. Although many traders subscribe to the idea of buying something at a high price and selling it for an even higher price, riding the market's momentum can hardly be considered investing in my eyes. I would prefer to look into opportunities that have a lower chance of losing their speculative valuations, even if I am at risk of missing out on the gains of the Apples and Teslas of the world. So where is there value for nimble investors?  Carrying on with my discussion of net-nets from the previous posts, there is plenty of value for...