Prem Watsa on Value Investing

Interview of Prem Watsa (of Fairfax Financial Holdings):

http://cfapodcast.smartpros.com/Equity08/Watsa_Equity_08.mp3

All value investors say similar things. If you have read Ben Graham, you will find same things repeated again and again, where ever you encounter value investing topic.

Very few principles, but very hard to learn to follow.

So, it helps to refresh on these things regularly. Listening to this talk serves this purpose.

Tips on detecting fraud companies

http://www.watchoutinvestors.com - A government database of persons or companies implicated for financial defaults/irregularities. Check here before investing in a not-so-well-known company.

Two good articles about fraud accounting practices of Indian companies:

1. http://www.moneylife.in/article/71/827.html
2. http://www.businessworld.in/index.php/Markets-Finance/Ghosts-Balance-Sheets.html