Value Investing Resources

Everything you need to invest like the pros — all free

Value investing isn't complicated, but it takes the right resources. The best investors in history — Buffett, Munger, Marks, Klarman — all built their skills by reading voraciously: company filings, investor letters, books, and research from other thoughtful investors.

RhinoInvestory exists to make that process easier. We curate the best investing newsletters, aggregate independent stock analysis, maintain a library of hedge fund letters, and build free tools that help you make better decisions. This page is your starting point: every resource on our site, organized by category, with context on how to use each one.

Stock Analysis & Research

Deep-dive analysis from independent analysts

Most stock analysis online comes from sell-side banks with inherent conflicts of interest. We curate research from independent Substack analysts and value-focused writers who publish detailed, long-form analysis on individual companies. Browse by company, sector, country, or analyst to find the research that matters to your portfolio.

Browse All Stock Analysis

Investing Newsletters

Curated list of the best investing newsletters

Email newsletters have become one of the best sources of investing insight. The best ones offer institutional-quality analysis for free (or at a fraction of what research subscriptions cost). We maintain a curated directory of the top investing newsletters, filtering for quality, originality, and genuine analytical value — not just market commentary.

Browse All Newsletters

Hedge Fund & Investor Letters

Learn directly from legendary fund managers

Reading shareholder letters from great investors is the closest thing to a free investing education. Warren Buffett, Howard Marks, Seth Klarman, Bill Ackman, and dozens of other top fund managers publish letters that explain their thinking, their mistakes, and their process. We curate both a browsable collection of current letters and an editorial guide to the most famous investor letters of all time.

Browse All Hedge Fund Letters

Investing Books

The books that shaped value investing

Some books have stood the test of time because the principles they teach are timeless. From Benjamin Graham's 'The Intelligent Investor' to Howard Marks' 'The Most Important Thing,' the best investing books teach frameworks for thinking about markets, businesses, and risk that remain relevant across every market cycle. We curate a collection organized by topic and difficulty level.

Browse All Books

Investing Podcasts

Learn while you commute

Podcasts have become an essential learning tool for investors. The best ones feature long-form conversations with fund managers, CEOs, and analysts that you'd never get access to otherwise. Our curated list covers everything from value investing deep-dives to macro analysis and founder interviews.

Browse All Podcasts

How to Use These Resources

If You're Just Starting

Start with our Famous Investor Letters guide to learn how the best investors think. Subscribe to 2-3 newsletters to see real-time analysis. Practice valuation with the DCF calculator.

If You're Researching a Stock

Search our stock analysis database by company or ticker for independent research. Use the DCF calculator for your own valuation. Check if any hedge fund letters discuss the company.

If You're Building a Process

Study investor letters to build mental models. Browse investing books for deeper frameworks. Use the position size calculator to formalize your risk management.

Frequently Asked Questions

What are the best free value investing resources?
The best free value investing resources include Warren Buffett's annual Berkshire Hathaway letters (available since 1965), Howard Marks' Oaktree Capital memos, independent Substack newsletters from analysts who publish detailed company research, and free financial calculators for DCF analysis and compound interest modeling. RhinoInvestory curates all of these in one place.
How do I start learning about value investing?
Start with three things: (1) Read Warren Buffett's shareholder letters — they're written in plain English and cover every important concept. (2) Subscribe to 2-3 quality investing newsletters to see how professional analysts evaluate companies in real time. (3) Use a DCF calculator to practice estimating intrinsic value on companies you know. This combination of theory, current analysis, and hands-on practice builds a strong foundation.
What books should I read for value investing?
The essential starter books are 'The Intelligent Investor' by Benjamin Graham (the foundation of value investing), 'One Up on Wall Street' by Peter Lynch (for making investing intuitive), and 'The Most Important Thing' by Howard Marks (for understanding risk). After those, read 'Security Analysis' by Graham and Dodd for deeper technical knowledge, and 'Poor Charlie's Almanack' for Charlie Munger's mental models approach.
Where can I find free stock analysis from independent analysts?
Substack has become the primary home for independent investing analysts who publish long-form, conflict-free company research. RhinoInvestory aggregates analysis from dozens of these independent analysts, organized by company, sector, country, and analyst — making it easy to find deep research on specific companies without relying on Wall Street sell-side reports.
What financial calculators do value investors need?
The most important calculator for value investors is a DCF (Discounted Cash Flow) calculator — it helps estimate what a business is actually worth based on future cash flows. A compound interest calculator helps you understand long-term wealth building. A CAGR calculator is useful for comparing investment returns across different time periods. Position sizing calculators help you manage risk. All of these are available free on RhinoInvestory.
Are hedge fund letters worth reading for individual investors?
Absolutely. Hedge fund letters give you a window into how professional investors think about markets, evaluate businesses, and manage risk. Even if you don't follow their specific trades, the analytical frameworks and mental models they share are invaluable. Letters from investors like Warren Buffett, Howard Marks, and Bill Ackman are written clearly enough for any investor to benefit from.