A low stock price can be very tempting. A company trading at 8x earnings might be even more tempting... an 'obvious' bargain, perhaps. It could even have other academic Value characteristics, like that it trades below book value or at a discount to its peers. But “cheap” and “value” are […]

Welcome to A Patient Prospector! I’m John Buckingham, Editor-in-Chief and co-founding Executive Director at wealth management firm Value87 Investment Partners. At A Patient Prospector, we believe successful investing rarely comes from knowing what the market will do next. It comes from knowing what you own, then doing the work: studying […]

This is our signature publication, offering a monthly perspective on the markets beyond the day-to-day noise. Each issue features an Editor’s Note from Editor-in-Chief John Buckingham, along with a complete list of our current stock recommendations and timely highlights on the individual holdings. The A Patient Prospector monthly newsletter offers […]

There is never a shortage of market news. We might think there’s too much. Every week brings another deluge of economic reports, earnings announcements, interest-rate debates, geopolitical developments and other action. Amid all the market noise and frenetic activity, the more important question is: What actually matters to a long-term […]

If our Market Observations tell you what we are thinking, our Stock Pick list shows you our current recommendations. This is the heart of the A Patient Prospector All Access experience and one of the primary reasons to become a member. We don’t believe a stock recommendation should disappear into […]

With the Dow Jones Industrial Average falling nearly 900 points (1.65% on a total return basis) and the Bloomberg 3000 Value index retreating 1.46% last week, we were reminded that September historically has been the worst month of the year for stocks,… …even as we note that the Bloomberg 3000 […]