Still a Worthy Resource: Barron’s

A friend of mine was well into his 20s before he developed any interest in investing.

He had a job that required little work time, giving him lots of goof-off time. So:

He used it to read (over and over again) everything about and by Benjamin Graham and Warren Buffett.

Over time, he became confident that he could be a successful do-it-yourself portfolio manager.

In less time than he could believe, he ran life savings of $800 into a million dollars.

And then he ran the million into millions—by age 40. 

He started investing before home computers became commonplace. So:

Barron’s, a weekly investment newspaper, was by far the best resource he could find for discovering stocks worthy of further analysis. Mostly, his first step was and is to look for low p/e (price/earnings) ratio.

Today, as in his early days of investing, he still works a 40-hour week at home, doing research, seeking worthy stocks in Barron’s articles and pages of stock-market data, and doing fundamental stock analysis by reading each worthy company’s latest balance sheet, prospectus, and the quarterly and annual reports to board members and investors.

After all these years of buying such stocks, he still follows that same procedure.

Every weekend (some places, starting Friday evening), you can find the newest issue of Barron’s at a nearby newsstand or airport news shop.  Also, you can obtain an online subscription. Or subscribe by snailmail.