Thursday, October 21, 2010

Long-term fundamental data available for free Excel download

We've just made our fundamental dataset available for free download in Excel. The data covers 15 years of quarterly corporate fundamentals, and is the same that we use for our own charts. For now, we only cover the S&P 100, but the plan is to expand to the S&P 500 in the near future, and to add additional data fields. To check it out, navigate to any company on StockPup - like this page for Wal-Mart (WMT).

We've also announced a partnership with Factual. These guys have a cool web-based system that allows people to review the data, propose corrections, and audit changes. Obviously, the quality of data is crucial, and we've heard complaints from users of other commercial datasets that there was no systematic way to improve the data. Well, with Factual there is. Here is a link to the Factual finance page, which includes our dataset:

In addition, Factual provides a Web API for third party developers who want to build their own charts or apps using our data. We are using it too, to develop convenient ways to preview the data directly on the StockPup web site. If you are a web developer, definitely check out Factual and their API.

Monday, October 4, 2010

Bargain hunting vs long-term compounding

Greg Speicher published an interesting post today comparing two strategies practiced by long-term value investors: Graham-style small stock bargain hunting, and Munger-Buffett-style investing in large caps with strong compounding.

I feel that it is a bit unfortunate that Buffett's statement that with less money to manage he "could generate annual returns of 50%" is commonly taken as an endorsement of the bargain hunting approach. In fact, Buffett's investment approach has shifted from looking for mediocre companies at bargain basement prices to looking for excellent companies at fair prices, largely under the influence of Munger. Anyway, this is a major topic that deserves more attention, and I hope to revisit it in a more detailed post some time in the future. For now, though, check out Greg's post.