What to Expect from the Ultimate Value Finder Newsletter

I remember one time having lunch with Joe Ponzio from F Wall Street. He said, “Value investing really works.” Well, of course it does, but it doesn’t work for everyone because of a lack of what I call “unlimited patience.” The following is the July issue of Ultimate Value Finder, which is my monthly newsletter. The reason why I am including it here is because I want to show you what happens to a company’s stock price when the market finally gets it. In this issue, I wrote about Silicom Ltd. (SILC) and since then, it is up almost 100 percent.

I am not writing about Silicom to show you how smart I am. Obviously, I am not that smart because I didn’t invest in it myself. I am writing about it to show you what happens when you pick the right stocks and you have enough patience to stick it out through volatility.

Another reason why I am writing this post is because I am disappointed with some of the people that subscribed to the newsletter. Thank God, it is only a few of them. They subscribed to the newsletter a few months ago, and they are complaining that they didn’t make any money yet. Actually, they lost money. Really? All of these ideas are long-term ideas which require lots and lots of patience. When you subscribe to the newsletter, you are not buying patience. I don’t know if anyone else sells patience. If you know of a place, let me know, and I will become a reseller. By subscribing to the newsletter, you are buying information about investment ideas that have the potential to appreciate in the future. In my view, “the future” is years from now. If in your view “the future” is within the next few months or weeks, then you should not be subscribing.

But, if you are still dumb enough to subscribe, I will take your $199. But, just know that you do not need my help flushing money down the toilet. You are perfectly capable of doing it yourself.

 

July Issue of Ultimate Value Finder by

9 Comments to What to Expect from the Ultimate Value Finder Newsletter

  1. siamtwin's Gravatar siamtwin
    January 24, 2013 at 11:16 pm | Permalink

    Well, Mariusz, I did buy Silicom after reading about it in your newsletter, so thank you very much! Great idea.

  2. January 25, 2013 at 10:58 pm | Permalink

    Just tell them you can only lead a horse to water… We all have rough patches, remember that markets can turn on a dime. I try to think about value investors who quit near the top in 98 or 99, specifically Tiger Funds comes to mind.

    I forgot what it feels like when you are under performing. Last year just had a great year and was beating the S&P from day 1. Now I remember, every day just wears on you and feels like nothing can go right. Its only been 3 weeks yet I am already exhausted. I am down 3% vs market being up close to 5% in 2013.

  3. January 26, 2013 at 3:50 am | Permalink

    I am sorry it has been 2 years of under performance. I thought you had one poor year and struggling this month with the market just continuing to reward the most expensive and overvalued (in my opinion) stocks.

    I haven’t followed your blog for very long (and am not a subscriber) so I apologize that I am only using the one example that I know of. This is not an attack on you, just trying to post my observation and hope that it helps you. I think you might focus too much on a stock turning around rather than saying a stock is cheap today as is.

    I came to this conclusion based on all of your posts on Veris Gold / Yukon Nevada Gold. Obviously the story with Veris gold is complicated. And I will say again I could be wrong in my view as I am only using one stock. I did however go back and read every post about the company in your blog.

    It looks to me that you were buying at $1 pre reverse split ($10) and that was obviously wrong. Fortunately, by trading around the position it looks like you are way ahead. Are you evaluating why you were wrong originally? Are you evaluating how much risk you took versus how much you thought you were taking? Hopefully you are making that evaluation with every stock.

    One of the things that really helped my investment returns was to say to myself, is this stock cheap today as is and not if a,b, or c happens. Of course I have missed a few stocks that never got low enough, but it has been more then offset by not buying many stocks at higher levels.

    Re-read the conversation that I had with Roger (on last Veris post) where he asks did my analysis take into account higher gold prices? He made it seem like higher gold prices was a foregone conclusion and here we are a few months later and gold is flat to lower.

    Or since your post, Veris updated us on fourth quarter results. With stable ounce production and no major breakdowns, Veris proved itself to be a safer investment.

  4. January 26, 2013 at 12:59 pm | Permalink

    I was debating whether to talk about Veris at all since you might focus on that too much. The point of my comments are that you need to look back and see where you mistakes, hopefully you do that.

    Your first article is here 1/6/2011
    http://classicvalueinvestors.com/i/2011/01/yukon-nevada-gold-corp-turnaround-story-yngff/

    “If everything goes according to plan and the price of gold stays at $1,300 per ounce, we may be looking at a stock price of $10 per share.” ($100 after reverse split)

    I look up the historical price and it is 0.80 pre reverse split, sorry I was incorrect in your buy price (or at least recommending it at that price). Maybe you bought at an earlier better price. However, I have a tough time seeing the price go to $8 today

    http://finance.yahoo.com/q/hp?s=YNGFF&a=11&b=1&c=2010&d=00&e=31&f=2011&g=d

  5. bob's Gravatar bob
    January 30, 2013 at 6:55 am | Permalink

    hang in there mariusz. as you stated, turnarounds take a long time and there are various kinds of investors in turnarounds that are not value investors. price action can be crazy.

    also, i just read your book the other day. quite informative.

Leave a Reply

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>