The Evolution of a Value Investor

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Exploring the journey of a value stock geek from early internet bubble investments to embracing Warren Buffett's principles, tackling financial debt through extreme cost-cutting, and evolving from Warren Buffett-style strategies to quantitative value investing. The chapter details the speaker's transition from individual stock selection to developing a deep value quantitative approach, influenced by experiences during the late 2010s and the COVID-19 crisis, inspired by renowned investors like Pat Dorsey and Warren Buffett.

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Value Stock Geek to chat about his journey into value investing, how he’s developed his unique investing philosophy, and who his biggest influences have been in the value community. They also talk about how VSG worked his way out of debt, how he got into the FIRE movement, what the “weird portfolio” is, and what he would tell a younger investor just getting started.

Value Stock Geek is an anonymous blogger who has been blogging & tweeting about his portfolio and value investing concepts since 2016. He operates a Substack where he investigates new companies every week and posts updates on his personal portfolio, where he buys and sells these companies. He has also written up a unique approach to asset allocation, which they discuss in the interview.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

02:05 - How VSG got interested in value investing and what his biggest influences were.

05:46 - How the dot com bubble affected him.

06:37 - How he worked his way out of debt after falling into some typical consumer traps.

09:11 - When and how he got interested in the FIRE movement.

15:16 - What value investors have influenced his current approach to stock selection.

17:52 - How VSG has learned to think about moats.

23:10 - What the “weird portfolio” is.

33:59 - Why he writes weekly research reports.

39:33 - How to use Dataroma to clone great investors.

47:35 - What he’s learned from some of the guests on his podcast.

49:58 - What his favorite money and investing movies are.

52:16 - What his favorite stock is right now.

54:22 - What he would tell a younger investor on how to get started investing.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Recommended Book: The Intelligent Investor by Benjamin Graham.
Recommended Book: The Snowball by Alice Schroeder.
Recommended Book: Early Retirement Extreme by Jacob Lund Fisker.
Recommended Book: Deep Value by Tobias Carlisle.
Recommended Book: The Little Book that Beats the Market by Joel Greenblatt.
Recommended Book: The Little Book That Builds Wealth by Pat Dorsey.
Recommended Book: Money by Tony Robbins.
Recommended Book: Principles by Ray Dalio.
Recommended Book: The Simple Path to Wealth by JL Collins.
Recommended Book: Tapdancing to Work by Carol Loomis.
Check out: Dataroma.
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Check out the books mentioned in the podcast here.

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