I don't know about you, but in the first two weeks of February there is always this nagging feeling in my head that I am forgetting something. Do you get that? Then, inevitably, my wife will hand me a red envelope and it will dawn on me that once again, I have totally forgotten Valentine's Day.
On Wall Street, anyone worth listening to has a secretary to take care of the spouse on Valentine's Day. What they are worried about is getting their SEC filings completed. Certain big holders of stocks -- Warren Buffett, T Boone Pickens, Carl Icahn, Wilbur Ross -- have to let the feds know what they're sitting on. It can be a gold mine of information, a free tip sheet available to anyone willing to read through a few pages of 12-point Courier legalese.
I like to keep an eye on Seth Klarman. He's known as a value investor, which some see as a long way from the aggressive growth that my Game-Changing Stocksnewsletter seeks. But that's not the whole story. He's not just looking for companies that the market is undervaluing... he's looking for companies that the Street hasn't fully valued yet.
There is a difference. It's one thing to buy a company that has seen its shares beaten down. It's another thing entirely to buy a company that investors haven't discovered yet. That type of value investing is exactly what I try to do with Game-Changing Stocks.
If you want to get a sense of Klarman, check out his cult classic book, Margin of Safety. It's one of the most "insider" books out there. Be warned, though. It's pricey. The cheapest copy I found on bookfinder.com was $779 -- this for a book that sold for $20 when it first came out. (I confess I went to the Johnny Faulk Public Library in Austin for this one.