In this educational video Roger shares the steps for estimating intrinsic value using the formula from his book Value. able. Back in February 2011 when he applied the formula to Woolworths Roger arrived at an intrinsic value of $23. 36.

Maria Bekiaris published an article for Canstar which identifies top tips from 10 experts for anyone investing in shares or ETFs for the first time. Andreas discusses diversification and why a beginner investor should spread their holdings to some extent but also keep in mind that excess diversification does not reduce portfolio risk.

In the past we have commented several times on the relative performance of value vs growth investing, including this article from the middle of last year, which highlighted the miserable experience of traditional “value” investors in recent years, and the potential for a more positive experience going forward.