May 29, 2014

Value Spread

I was chatting about the topic of valuation spreads with Patrick O’Shaughnessy the other night over beers in NYC. Not sure what I think of it just yet, still marinating on some ideas but Leon Cooperman has a great 30+ […]
March 9, 2014

Like Tiger Like Cub

Long time readers know I’ve always been a big fan of the Tiger complex (Julian, Cubs, and GrandCubs).  Novus has a fun piece out, a quick quote then the download: —- “Consider this: Based on our methodology, there are currently […]
March 4, 2014

Yale Endowment Update

I always look forward to the Yale Endowment Update.  Below is the updated allocation chart, followed by the download: —- —- Download PDF Endowment Update Link
January 28, 2014

Hartch, Cibelli, and Porter

We featured an issue of Value Investor Insight about a year ago on The Idea Farm.  For those unfamiliar, VII is a monthly publication (and the sister quarterly 13F publication SuperInvestor Insight) focusing on interviews with top value investors.  This […]
January 24, 2014


One of the reasons I started Hedge Fund Letters (currently getting redesigned) was that I loved reading old hedge fund letters and interviews.  But it has always been impossible to find many of the old letters. Below is a great […]
December 24, 2013

Shiller Siegel Battle

Instead of a download I’m going to direct you to a page that has all the downloads since some are very large.  But it is a treasure chest of great papers and PPTs.  Included are speeches from Siegel and Shiller […]
December 7, 2013

New House of Money

Steve Drobny, author of the great books Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets and The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money just put out a […]
June 28, 2013

The Next Einhorn?

Insider Monkey has a new mini newsletter offering out that focuses on a single hedge fund each month. They let us share this issue, in which they focus on Einhorn and a relatively unknown smaller hedge fund manager. I don’t […]
May 8, 2013

Know What You Don’t Know

The Spring 2013 Columbia Business School publication is out, and in this issue they have an interview with Himalaya’s founder Li Lu. A quick quote before the 60 page download: —- “You can recognize good ideas by reading a great deal and also […]
March 22, 2013

Small Cap Hedge Fund Picks

A quick housekeeping note before today’s issue.  I don’t pretend to consume information the same way my readers do (I still don’t have a Kindle or iPad, though probably should).  I was chatting with a reader over breakfast and this […]
January 27, 2013

Ivy Update

We took a deep dive into how the top universities managed their endowments in our book The Ivy Portfolio.  Hallmarks of the endowment style include a true global focus, a heavy weighting to equity like assets, and active management in asset […]
December 16, 2012


Quick note:  For those attending the TD Ameritrade conference in January, if you want to hear me speak on the new shareholder yield research, vote for my session here! Long time readers know how much I believe in studying other successful […]
September 23, 2012

The Idea Farm #6 – Hedge Fund Wisdom

Below is our sixth issue of The Idea Farm Weekly!  If you are enjoying the emails please feel free to pass along to your friends and colleagues. Long time readers of my blog know that we spend a lot of […]