T HE INT E L L IGE NT INVE ST OR ME E T S MONE YBAL L - - PowerPoint PPT Presentation

T HE INT E L L IGE NT INVE ST OR ME E T S MONE YBAL L

I n T he Re le ntle ss Pursuit o f Va lue

Willia m O. Ha ll, I I I F

• unde r, Bo o kwo rm Spo rts

A T R IP DOWN T HE R OAD L E SS T R AVE L E D

2

Whe r e is the Value ?

3

Pro c te r & Ga mb le @ $75 pe r sha re Pa trio ts @ -9 ve rsus the Ra ve ns

T he diffic ulty lie s, not in the ne w ide as but in e sc aping the

• ld one s.”

Jo hn Ma yna rd K e yne s Re no wne d British E c o no mist

“

4

Spor ts Wage r ing Is NOT

Gambling

5

6

Spor ts Wage r ing Is NOT

A R andom Walk

Battle of the Books

Wa ll Stre e t vs. Spo rts Wa g e ring

7

Changing T he Game

8

T he F ive E sse ntials for Pr

• fitable Inve sting and

Winning Spor ts Wage r ing

1. A Be tte r Mo de l 2. Supe rio r I nfo rma tio n 3. Risk Co ntro l T hro ug h Se le c tivity 4. Ca re ful Mo ne y Ma na g e me nt 5. Disc ipline

9

• 1. A Be tte r

Mode l

“I f yo u do n’ t kno w whe re yo u a re g o ing , yo u’ ll wind up so me whe re e lse .”

Yo g i Be rra F

• rme r Ba se b a ll Pla ye r

10

• 1. A Be tte r

Mode l

Pa ul De Po de sta

Ba se b a ll E xe c utive

K e y Me mb e r o f Billy Be a ne ’ s Mo ne yb a ll Bra inT rust

11

• 1. T

he Bookwor m’s Mode l Value R atings and Sc or e She e ts

12

• 2. Supe r

ior Infor mation

is simple: Occam’s Razor

“T he simple r the so lutio n, the mo re like ly it is to b e c o rre c t.”

Willia m Oc kha m

F ra nc isc a n F ria r

13

• 2. Supe r

ior Infor mation

T he L e g e nda ry She rlo c k Ho lme s

14

• 2. Supe r

ior Infor mation T he Bookwor m’s Sc or e She e t

15

“Pric e is wha t yo u pa y a nd va lue is wha t yo u g e t.”

Wa rre n Buffe tt L e g e nda ry I nve sto r

16

Mar gin of Safe ty in I

nve sting

T he Bookwor m’s Mar gin of Safe ty

A R e le ntle ss Pur suit Dioge ne s L ante r n

18

Q-and-A

19