The basic tenets to value investing and margin of safety are the following: Every stock is a fractional share of an actual business. Every business or stock has an “intrinsic value.” The “intrinsic value” of a business generally changes at a much slower rate than the price of a publicly traded stock can change. Over...Read More

Here is Tim Travis’ research report on Goldman Sachs Group Inc. (GS) on Apr 16th 2013.   http://seekingalpha.com/article/1345961-goldman-sachs-roe-in-weak-economy-bodes-well-for-future-profitabilityRead More