A brief look at two attitudes held by value investors which are not only childish but inhibitive to our learning.

Sardar Biglari’s Lion Fund increased its stake in Steak n Shake and the activist billboards and websites go up. I’m guessing he will also be putting the new cash from Western Sizzlin’s rights offering to work on this situation as well shortly.

The head of Fairfax Financial had a front-row seat when the Japanese market began its 15-year retreat. And he thinks the U.S. indexes might be about to do the same. Click on FULL STORY for all.

Fund manager Amit Chokshki attended this week’s 3rd Annual New York Value Investing Congress on behalf of Seeking Alpha. Here are Amit’s notes from the presentation of David Einhorn, Greenlight Capital:

Fund manager Amit Chokshki attended this week’s 3rd Annual New York Value Investing Congress on behalf of Seeking Alpha. Here are Amit’s notes from the presentation of T2 Partners’ Whitney Tilson and Glenn Tongue:

Fund manager Amit Chokshki attended the 3rd Annual New York Value Investing Congress this week on behalf of Seeking Alpha. Here are Amit’s notes from the presentation of Leon Cooperman, Omega Advisors:

Fund manager Amit Chokshki attended this week’s 3rd Annual New York Value Investing Congress on behalf of Seeking Alpha. Here are Amit’s notes from the presentation of Rich Pzena, Pzena Investment Managment:

At current levels, I can’t find a better risk/reward stock in the market than USG.

“In this web-only video clip shot with my own trusty minicam, you’ll see some additional footage from Becky’s “video diary” as she tells us what really happens “behind-the-scenes.”

A response to “The Follies of Value Investors” – The comparison between the returns of different value / quant funds – Number of employees working for Lampert, Pabrai, Buffett – Investing with great allocators