December 21, 2014
13F week 8…my favorite, Baupost! Download PDF CHAPTER 8 – BAUPOST GROUP “In capital markets, price is set by the most panicked seller at the end of a trading day. Value, which is determined by cash flows and assets, is […]
December 15, 2014
In the spirit of the year end lists, below are my favorite reads from 2014. Pour yourself another glass of eggnog as this is a lot of material… Download PDFs Predicting Stock Market Returns – Star Capital The Final Bubble Frontier – […]
December 14, 2014
13F week 7...BARROW, HANLEY, MEWHINNEY & STRAUSS Download PDF CHAPTER 7 – BARROW, HANLEY, MEWHINNEY & STRAUSS Over the course of the past 30 years, Barrow, Hanley, Mewhinney & Strauss (BHMS) has proven that you do not need to take […]
December 12, 2014
It is easy to get caught up in short term results in markets (just look at zero coupon bonds this year!), and 5 years can feel like a lifetime. Below Cliff looks at a basic three fund portfolio, short but […]
December 7, 2014
I’ve decided to both to make everyone happy…text in the body of the email and a PDF. 13F week 6…AVENIR Download PDF CHAPTER 6 – AVENIR CORPORATION “We focus on what is knowable, starting with the truth that the investment process […]
December 2, 2014
Novus is becoming one of the best sources of hedge fund intelligence, new report below… Chart then link: —- —- PDF Intelligence Report Website: https://www.novus.com/
November 30, 2014
13F week 5…I’m experimenting with just pasting this in the body of the email instead of a PDF… CHAPTER 5 – ARIEL INVESTMENTS “The problem is that most investors do not view negative returns and extreme volatility opportunistically. As self-proclaimed […]
November 27, 2014
I was a little too quick to send Tepper’s portfolio last weekend, it was slightly off. Correct one below! Happy Thanksgiving!
November 21, 2014
Short piece from Ineichen. Quick read with a couple good charts on stocks vs. bonds. While stocks are more risky by vol, bonds can slowly bleed to death in inflationary times… Chart then link: —- —- PDF MYTH: Time reduces risk […]
November 16, 2014
November 14, 2014
I haven’t read much of interest lately (if you see anything great pass along as always!). We’ve featured a lot of Research Affiliates though, and this email they look at some very simple factors back to 1960s. Nothing you probably […]
November 9, 2014
13F week 2 includes pros and cons of the strategy and our first manager profile! PROS & CONS & ABRAMS
November 2, 2014
I promised to start sending out a series of posts on tracking my favorite hedge funds and their stocks picks. Starting today I will be sending out a weekly post on Sunday for you to read with your NFL consumption. […]
October 23, 2014
I like reading Niels Jensen’s Absolute Return letter. He’s been absent for awhile due to a bike accident (get better Niels!), and below is his October piece. I have seen the below chart with real returns but never Sharpe Ratio […]