Bronte Up 20% In 2018 As Short Bets Pay Off

Bronte Amalthea Fund commentary for the month of December 2018. Q3 hedge fund letters, conference, scoops etcUS markets had their worst December since the great depression year of 1931, but the month was a very good one for Bronte. Good enough also to make it an okay quarter despite October [...]

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10 Charts To Watch In 2019

I spent a lot of time in the 2018 End of Year Special Edition looking back across the year, covering some of my best charts and calls (and some of the worst!). But this article provides a look at the most important part of that report... Q3 hedge fund letters, [...]

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Vitaliy Katsenelson: Beats & Misses, Seen & Unseen

Wall Street glorifies companies that beat quarterly estimates by arguing that the long term comprises a lot of short terms. But beating earnings estimates for a few consecutive quarters doesn’t necessarily lead to long-term greatness. It assumes that significant changes to the business are visible in the reported numbers. Q3 [...]

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In Asia, China Is Least Correlated To The US Market

In Asia, China and Thailand have the lowest correlation to the US market Q3 hedge fund letters, conference, scoops etcRanked by past 5 years correlation Lowest correlation with US: China, Thailand, and the Philippines Highest correlation with US: Taiwan, Singapore, and Hong KongTwo major crises in the new millenniumImpact on the S&P [...]

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Dividend Aristocrats In Focus Part 2: Consolidated Edison

The Dividend Aristocrats are a group of stocks in the S&P 500 Index, with 25+ years of consecutive dividend increases. Q3 hedge fund letters, conference, scoops etc ValueWalk readers can click here to instantly access an exclusive $100 discount on Sure Dividend’s premium online course Invest Like The Best, which contains [...]

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Railroad Earnings Show Boom In Contrast To Market Pessimism

“Davidson” submits: The contrast between market psychology and the current economic trend is what produces investment opportunity. Kansas City Southern(KSU) report this morning is one of many which define the current pace of economic activity. In particular, KSU’s business activity represents the US Heartland manufacturing and global export through Gulf [...]

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5 Year Average vs Weekly Crude Inventories

“Davidson” submits: Q3 hedge fund letters, conference, scoops etc The 5yr mov avg of US Inventories vs. market pricing behavior is one of the relationships I track for my investors. Crude pricing correlates closely to capital spendng in your industry even if economic activity is steady elsewhere. The street is focused on [...]

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Payday Anomaly Revisited

Unless you are a die-hard buy-and-hold investor, chances are that you need to rebalance your portfolio at some point. Q3 hedge fund letters, conference, scoops etc The question is when? And how often? And why at a specific time? Some strategies rebalance once a year, some multiple times a day. What if [...]

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Herding And Mutual Fund Performance

Does Herding Behavior Reveal Skill? An Analysis of Mutual Fund Performance Q3 hedge fund letters, conference, scoops etcHao Jiang and Michela Verardo The Journal of Finance, Fall 2018 A version of this paper can be found here Want to read our summaries of academic finance papers? Check out our Academic Research Insight category.What are the Research [...]

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Stanley Druckenmiller – Bulls Make Money, Bears Make Money, And Pigs Get Slaughtered – I’m Here To Tell You I Was A Pig

We’ve just been re-reading one of our favorite speeches from legendary investor Stanley Druckenmiller at the Lost Tree Club some years ago. During the speech ‘The Druck’ provides some great insights into the mindset necessary to become a successful investor, saying: Q3 hedge fund letters, conference, scoops etcThe third thing [...]

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Citron Claims “Smoking Gun” On Ligand Pharmaceuticals

Last week, Grant’s Interest Rate Observer published a thoughtful piece of journalism that suggested a $20 price target on Ligand Pharmaceuticals. For copyright purposes we cannot republish, but even Ligand management cannot question the credibility and neutrality of Grant’s. The article came out as Citron has spent months working on [...]

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Dividend Aristocrats In Focus Part 1: AT&T

The Dividend Aristocrats are among the highest-quality dividend growth stocks. Investors looking for dividend growth would be wise to review the list, which is made up of 53 stocks in the S&P 500 Index, with at least 25+ consecutive years of dividend increases. Q3 hedge fund letters, conference, scoops etc ValueWalk [...]

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Carl Icahn – Top 10 Holdings

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of [...]

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