the Most from Conscious Investor
"I was part of the phone hook up with
John last night. Could you please pass on to him how much
I appreciated the opportunity, and look forward to being
part of many future tutorials.
I have spent a long time looking at various
investing software and see the Conscious Investor package
as exactly what I need."
— Ian Bracher, Company
As part of the subscription to Conscious Investor, Dr John Price or one of his team will give you personal training over the telephone.
On these interactive calls John will, along with you, open the
software, do a screening, narrow down the companies and
do a complete company analysis, answering questions as he
goes through the call. There are no questions that
are too small.
Even though we start right at the beginning,
we recommend that you view the Conscious Investor
Quick Start Videos before the call.
The calls will go for about 60 minutes but
John will stay on the line until all your questions are
Also, from time to time John runs conference calls based on a particular topic that is relevant at that time.
Ideas from Warren Buffett
businesses "The basic ideas of investing are to look
at stocks as businesses, use market fluctuations to your
advantage and seek a margin of safety. That's what Ben
Graham taught us… A hundred years from now they will still
be the cornerstones of investing."
Circle of Competence "Draw a circle around the businesses
you understand and then eliminate those that fail to qualify
on the basis of value, good management, and limited exposure
to hard times."
Return on equity "The primary test of managerial
economic performance is the achievement of high earnings
rate on equity capital employed."
Quality of management "We do not wish to join
with managers who lack admirable qualities, no matter
how attractive the prospects of their business. We've
never succeeded in making a good deal with a bad person."
Return "We love owning common stocks - if they
can be purchased at attractive prices. Unless, however,
we see a very high probability of at least 10% pre-tax
returns, we will sit on the sidelines.
Margin of safety "You have to have the knowledge
to enable you to make a very general estimate about the
value of the underlying business. But you do not cut it
close. That is what Ben Graham meant by having a margin
of safety. You don't try and buy businesses worth $83
million for $80 million. You leave your self an enormous
Economic moat "Look for the durability of the franchise.
The most important thing for me is figuring out how big
a moat there is around a business. What I love, of course,
is a big castle and a big moat with piranhas and crocodiles."