PiggyBack Letter (PBL)

A free weekly stock market newsletter where we learn from how proven and promising capital allocators invest in public stock markets. All through a value-investing lens.

Being a selective copycat is not a bad thing in stock markets. With the launch of PiggyBack, we plan to learn and profit in the process. (PBL #0 2022)
Robert Heilbrunn went from client and student to investment research associate of Benjamin Graham. In time, Heilbrunn found his edge in piggybacking on…
If we start investing like foreigners then good things are cooking elsewhere. Grab a free diversification lunch and more interesting investment menus…
Two summers ago Berkshire Hathaway bought century-old Japanese conglomerates. Warren Buffett got a good deal on inflation-protection. (PBL #3 2022)
An intro to fundamental equity metrics and common definitions in value investing. How well is the accounting grounded in reality? And when are we…
The easiest way to short-list asset discount stocks? Screen. Here is a global June 2022 bargain bin tour. Plus: An Oracle just bought the deepest asset…
Down is not out when buying stocks below book value. Value investors have learned not to underestimate the pull to average. (PBL #1 2022)
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