Chapter 12: Additional Resources

Why Additional Resources Matter

The best investors all share one key habit: they never stop learning. Investing is a skill that requires continuous improvement, and the best way to grow is by consuming high-quality knowledge from reliable sources.

In value investing, staying informed helps you:

• Refine your investment approach by learning from great investors.

• Keep up with market trends and economic developments.

• Improve your decision-making by expanding your understanding of financial analysis, company valuations, and risk management.

What You’ll Find in This Chapter

This section will guide you through some of the best websites, publications, books, and tools to deepen your investing knowledge. We’ll also highlight our own newsletter, where we share valuable insights, stock analyses, and timeless investing principles.

By leveraging these resources, you’ll be able to sharpen your skills, make better investment decisions, and stay ahead in the world of value investing.

Koyfin

What It Is

Koyfin is a web-based financial analytics platform that provides investors with powerful tools for tracking market data, valuation metrics, and company fundamentals. Unlike expensive professional terminals like Bloomberg or FactSet, Koyfin offers many of its features for free or at a significantly lower cost.

How It Helps

Koyfin is a go-to resource for value investors who need quick access to:

• Historical price charts to analyze stock trends over time.

• Valuation multiples (P/E, P/B, EV/EBITDA, etc.) for comparing companies.

• Company fundamentals such as revenue growth, profit margins, and balance sheet health—all in one place.

Whether you’re researching a stock, monitoring market trends, or tracking your portfolio’s performance, Koyfin simplifies the process with an intuitive, user-friendly interface.

Key Features

Customizable Dashboards – Build personalized views to track the metrics that matter most to your investing strategy.
Powerful Charting Tools – Visualize historical stock performance and overlay key financial indicators.
Portfolio Tracking – Monitor your holdings and watchlists in real time to stay updated on market movements.
Global Market Data – Access insights on stocks, ETFs, bonds, commodities, and more.

Why Value Investors Should Use Koyfin

Koyfin bridges the gap between free financial data providers and expensive professional tools, making it a valuable resource for independent investors who want deep insights without paying a premium. Its combination of real-time data, valuation tracking, and portfolio management makes it an excellent tool for applying value investing principles in a structured, efficient way.

Seeking Alpha

What It Is

Seeking Alpha is a widely used online investment platform where investors, analysts, and market enthusiasts share articles, stock analyses, and investing strategies. It serves as a mix of crowd-sourced insights and professional research, making it a valuable resource for those looking to explore different viewpoints on stocks and the broader market.

How It Helps

Seeking Alpha is particularly useful for value investors because it provides:

• Expert & Crowd-Sourced Content – Articles range from professional analysts to experienced retail investors, allowing you to see bullish and bearish perspectives on the same stock.

• Earnings Call Transcripts – Read unedited transcripts of quarterly earnings calls, giving you direct access to what company management says about financial performance, strategy, and risks.

• Stock-Specific Discussions – Investors discuss their research, valuation models, and market outlooks, helping you identify investment ideas and risks.

Seeking Alpha can be a great tool for idea generation and due diligence, as it allows you to analyze stocks from multiple angles.

Things to Note

Varying Quality of Analysis – Articles range from highly detailed, well-researched pieces to opinion-driven content with less depth. Always fact-check claims before acting on any analysis.
Paywall for Premium Content – While many articles are free, premium content (such as deeper research reports and advanced data) requires a subscription.
Bias Exists – Some contributors may have strong biases toward bullish or bearish views. Always verify their assumptions and data sources before making investment decisions.

Why Value Investors Should Use Seeking Alpha

Seeking Alpha is a great place to source new investment ideas, track earnings reports, and analyze multiple viewpoints. However, it should be used as a supplement to your own research, not a replacement. The best approach is to read multiple perspectives, cross-check data, and apply your own valuation methods before making any investment decisions.

Barron’s

What It Is

Barron’s is a respected financial publication that has been providing market news, stock analysis, and economic insights for over a century. Unlike fast-paced financial news outlets that focus on daily market moves, Barron’s takes a deeper, more analytical approach, offering big-picture trends and long-term investing insights.

How It Helps

Barron’s is particularly useful for value investors because of its thoughtful, research-driven approach to financial journalism. Some of its key benefits include:

• Weekend Insights – The weekly magazine format delivers well-researched articles that go beyond the noise of daily stock movements, helping investors focus on broader economic indicators, industry trends, and macroeconomic shifts.

• Opinions from Seasoned Journalists – Barron’s frequently features interviews with top investors, hedge fund managers, and portfolio strategists, offering insights into how experienced professionals think about markets and specific investment opportunities.

• Stock-Specific Analysis – The publication provides detailed breakdowns of individual stocks, often highlighting undervalued companies or sectors that might interest value investors.

Things to Note

Subscription-Based – Barron’s requires a paid subscription, but many investors find the depth and quality of its analysis worth the cost.
Less Frequent, More In-Depth – Unlike financial news sites that provide constant updates, Barron’s focuses on weekly insights, which may suit long-term investors better than traders looking for real-time updates.
Broad Market Focus – While Barron’s covers value investing, it also features insights on growth stocks, macroeconomic trends, and global markets, so filtering for relevant content is necessary.

Why Value Investors Should Use Barron’s

For investors who prefer big-picture analysis and well-researched stock recommendations, Barron’s is a valuable resource. Its focus on long-term trends, economic outlooks, and professional investor perspectives makes it an excellent supplement to company-specific research. If you want to refine your investment decisions with deeper market insights, Barron’s is worth considering.

Financial Statements (Direct from Companies)

What They Are

Financial statements are official company filings that provide a detailed breakdown of a business’s financial health. These documents are publicly available and are required by regulatory authorities in most countries.

• In the U.S., companies file:

  • 10-K (Annual Report) – A comprehensive yearly report on a company’s financial condition.

  • 10-Q (Quarterly Report) – A condensed version of the 10-K, updated every quarter.

• In other countries, companies release similar reports under different names, usually published on their investor relations page or through regulatory portals like the SEC’s EDGAR database (U.S.).

These reports provide raw, unfiltered financial data, making them one of the most valuable resources for value investors.

How They Help

Unlike opinion-based analyses, financial statements give you the actual numbers straight from the company. This allows you to:

• Analyze unfiltered data – Review revenue, expenses, assets, liabilities, and cash flow without outside interpretation.

• Assess financial health – Check profitability, debt levels, and cash generation to determine a company’s strength.

• Understand management’s perspective – The Management Discussion & Analysis (MD&A) section provides insights into how company executives view performance, risks, and future strategy.

Reading these reports helps you make independent, well-informed investment decisions, rather than relying on someone else’s conclusions.

Key Tip: Read Primary Sources

Many investors make the mistake of relying only on secondhand analysis (news articles, research reports, blogs). While these can be useful, nothing replaces reading primary sources yourself.

• Why?

  • You avoid biased interpretations that may skew the data.

  • You can spot potential red flags that others may overlook.

  • You develop your own investment thesis, rather than following someone else’s opinions.

Lesson: Always go straight to the source. A strong value investor reads financial statements first, then seeks outside perspectives—never the other way around.

Why Value Investors Should Prioritize Financial Statements

Understanding financial statements is fundamental to value investing. By analyzing direct company filings, you gain an unfiltered, fact-based view of a business, allowing you to:
Evaluate intrinsic value based on real financial performance.
Identify strong businesses that others may overlook.
Avoid misleading narratives by relying on hard data instead of hype.

If you’re serious about value investing, company financial statements should always be your starting point.

Our Newsletter

What It Is

Our newsletter is a regular publication dedicated to value investing, providing actionable insights, case studies, and market updates tailored for long-term investors. Unlike general finance news, we focus specifically on value investing principles, ensuring that every edition delivers meaningful and practical content.

Why It’s Helpful

• Tailored Content for Value Investors – We handpick insights that matter most to value investors, including deep dives into undervalued stocks, historical case studies, and key investing principles.

• Continuous Learning – Investing is an ongoing learning process. Our newsletter helps you stay updated on proven strategies, new valuation techniques, and lessons from legendary investors like Warren Buffett, Benjamin Graham, and Charlie Munger.

• Market Observations & Practical Examples – We analyze real-world investment opportunities and provide thought-provoking perspectives to help you refine your investing approach.

What You Can Expect

📩 Regular insights – Actionable tips and strategies for value investing.
📊 Case studies – Deep dives into classic and modern examples of successful (and failed) investments.
🔍 Stock analysis – Breakdowns of undervalued companies based on fundamental research.
🎓 Investing lessons – Practical takeaways from legendary investors and timeless principles.

Why Subscribe?

In a world full of short-term speculation and market noise, our newsletter is designed to help you stay focused on the long game. Whether you’re a beginner or an experienced investor, our insights will:
Reinforce value investing principles so you stay disciplined.
Keep you informed without overwhelming you with unnecessary information.
Help you spot great investment opportunities through real-world examples.

If you’re serious about value investing, our newsletter is an easy way to continuously refine your skills and stay ahead in the market.

Summary

Which Resource Is Right for You?

Each resource serves a different purpose in building a strong value investing strategy:

• Koyfin – Ideal for interactive data and charts, helping you analyze historical performance, valuation multiples, and market trends.

• Seeking Alpha & Barron’s – Provide a mix of expert opinions, stock analysis, and market news, giving you different perspectives on potential investments.

• Company Financial Statements – The most reliable and unbiased source of financial data—a must-read for understanding a company’s fundamentals.

• Our Newsletter – A curated resource that simplifies and refines key value investing insights, focusing on practical strategies and case studies.

Each of these tools adds a different layer of knowledge, making them complementary rather than interchangeable.

Take a Holistic Approach

No single resource provides everything you need. Instead, value investors should combine different tools and sources to develop a well-rounded investment strategy:

Market Analysis – Use Koyfin for tracking financial metrics, trends, and valuation comparisons.
Investment Ideas & Perspectives – Read Seeking Alpha & Barron’s to explore different viewpoints and find inspiration.
Primary Data – Always refer to financial statements to form your own independent conclusions.
Ongoing Learning – Stay informed with our newsletter, where we break down timeless value investing principles and highlight real-world applications.

By leveraging a combination of interactive tools, expert opinions, raw financial data, and continuous education, you create a solid foundation for making informed, confident investment decisions.

The information is provided for educational purposes only and does not constitute financial advice or recommendation and should not be considered as such. Do your own research.