“The Value Trap”
When we start getting interested in value investing, one of the first things well-meaning friends warn you about are “value traps.”
The P/E Ratio Is the King of Valuation Metrics
In the year 2000, Enron had a P/E ratio of around 60. Wall Street analysts were tripping over each other to slap “Strong Buy” ratings on it. _Fortune_ magazine named it “America’s Most Innovative Company” for six consecutive years. The P/E ratio said it was expensive but worthy of the premium. The b
“Index funds always beat active stock picking”
If you’ve ever spent much time reading the Investosphere, you’ll have come across some form of this bon mot of dodgy wisdom: “Index funds always beat active stock picking”.
What Works On QAV Street
On our American episode this week, while talking about Colombian oil exploration outfit GeoPark, we had reason to mention the classic value investing book “What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time” by James P. O’Shaughnessy (his cousin was a co-foun
Volatility Is Your Friend
This week I want to talk a little about volatility.
DAVE’S FIVE-YEAR QAV JOURNEY
As you may have heard on this week’s episode ([#909](https://qavpodcast.com.au/2026/03/04/qav-au-909-wwiii-investing/)), one of our members, Dave, just celebrated his five year anniversary as a QAV Club member and was kind enough to share his experience with us. I thought it would be instructional i