Since its founding in 1970, the Sequoia has earned its reputation as one of the best investment funds ever to have existed. But, as I have covered throughout this series, the fund and its founders, Bill Ruane, Richard Cunniff, and Robert Goldfarb, faced an uphill struggle in its early years. If [...]
This post has aLREADY been updated 159 times since January 1st 2019 - please stay tuned for more updates listed in the title As always we REALLY really appreciate legal letters and tips on hedge funds from our readers regardless of fund size. How is this different than SecurityAnalysis? We have [...]
James Harris Simons also known as Jim Simons is the founder of one of the world's most secretive hedge fund firms, Renaissance Technologies. Q4 hedge fund letters, conference, scoops etc Jim_Simons_ValueWalk Since it's founding in the late 1980s, Renaissance has achieved an almost legendary reputation. The super-secretive quantitative hedge fund stopped managing [...]
Key highlights for February 2019: Q4 hedge fund letters, conference, scoops etcThe Eurekahedge Hedge Fund Index gained 0.89% in February, bringing its year-to-date return to 3.26%. The risk-on sentiment among investors driven by the Fed's patient stance and optimism over the potential resolution of the US-China trade tension persisted through [...]
Investors may finally be coming around when it comes to hedge funds, and it's easy to see why. The Eurekahedge Hedge Fund Index climbed 0.89% in February. Although preliminary figures for the month suggest that investor outflows exceeded performance-driven gains in the month, final numbers for January indicate things [...]
Investors continually use price-to-earnings (P/E) ratio as a way to make a claim about an undervalued or overvalued stock. I continually cringe at the thought that investors will only look at the price-to-earnings ratio as a metric to invest. There’s so much more to a company and a stock [...]
Dear fellow investors, We consider ourselves excellent spectators of competition and look forward to March Madness this month. We are reminded that these very competitive games can’t take place unless there are rules and referees to officiate. Our long-time readers are aware that we have warned of the danger surrounding [...]
StoneCo Ltd. (STNE), a financial technology company in Brazil, is up 20% in extended hours trading at $41.44 on higher than expected earnings. It is now 70% above the IPO price of $24 paid by Todd Combs of Berkshire Hathaway in October, 2018. Q4 hedge fund letters, conference, scoops etcStoneCo [...]
Have you heard of Alexandria Ocasio-Cortez? Q4 hedge fund letters, conference, scoops etc mzter / Pixabay At 29 years old, she’s the youngest Congressperson in history. Also known as “AOC,” Cortez is quite a sensation among young left-leaning folks. No surprise, she’s often referred to as the Democratic version of Trump. 2.4 million [...]
"Business cycles are a type of fluctuation found in the aggregate economic activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions and revivals which merge into [...]
The business world is certainly not a static one. In the past, we’ve shown that the market leaders in the most stable industries are unlikely to keep their leadership positions over long periods of time. Q4 hedge fund letters, conference, scoops etcBut limit your window to just the dynamic world of [...]
If attracting the best people isn’t hard enough, there is another factor that can complicate things: the best people are sometimes not found locally or even nationally. Q4 hedge fund letters, conference, scoops etc For top companies, recruitment is a global game – and it’s partially driven by the policies of [...]
Aside from the notion of intrinsic value, Ben Graham’s parable of Mr. Market is probably the Dean of Wall Street’s most famous idea.Get The Full Seth Klarman Series in PDF Get the entire 10-part series on Seth Klarman in PDF. Save it to your desktop, read it on your tablet, [...]
One of my favorite analytical techniques for generating insights on global markets is studying market breadth, and those who know me know I like to take a bit of an alternative angle, and today's chart is no exception. Q4 hedge fund letters, conference, scoops etc rawpixel / Pixabay What makes today's chart [...]
The sentiment snapshot series is back! For context, in the sentiment snapshot series I look at some of the charts from the weekly survey on Twitter, which asks respondents to indicate whether they are bullish or bearish for primarily technical or fundamental rationale. I also add a few other charts [...]
"The purchase of shares and bonds by central banks is no more than monetary policy for rich people." Steve Eisman Q4 hedge fund letters, conference, scoops etc geralt / Pixabay The last financial crisis lasted roughly 1.5 years. Since March 2009, markets have started to recover substantially. That was the moment when the [...]
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Q4 hedge fund letters, conference, scoops etc rawpixel / Pixabay You can also listen to the article here. Like many professional investors, I love companies that pay dividends. Dividends bring tangible and intangible benefits: Over the [...]
Although the United States government has run up a national debt that exceeds the Gross Domestic Product, two spendthrift United States senators have the temerity to lecture American corporations about how the latter should manage their balance sheets. Q4 hedge fund letters, conference, scoops etc Fachdozent / Pixabay Senators Bernie Sanders (I-VT) [...]
My back-of-the-napkin math says retirement accounts are at least 50% invested in equity index funds. Q4 hedge fund letters, conference, scoops etc RitaE / Pixabay Some of you are now asking, “What’s the problem? All those index funds have come back. Everybody is back to where they started.” Not so fast, Jack. Bear Markets [...]
This is the second part of a short series of Berkshire Hathaway's 2009 annual meeting of shareholders. Q4 hedge fund letters, conference, scoops etcIn the first part of this series, I covered Warren Buffett's comments on derivatives, valuation and why GEICO saw a boom in business during the financial crisis. If [...]
This is the final part of a multi-part interview with Michael Czajka and Colin E. Symons the Chief Executive Officer and Chief Investment Officer of Symons Capital Management. The interview is part of ValueWalk’s Value Fund Interview Series. Throughout this series, we are publishing weekly interviews value-oriented hedge funds, and asset [...]
This is part ten of a ten-part series on the life and career of Benjamin Graham, the Godfather of value investing and the Dean of Wall Street. You can find the rest of the series at the links below.Get The Full Seth Klarman Series in PDF Get the entire 10-part [...]
Richard P. Cook and Mr. J. Dowe Bynum Interview With Value Fund Cook & Bynum Capital [Pt.2] This is part two of a multi-part interview with Richard P. Cook and Mr. J. Dowe Bynum the founders and portfolio managers of Cook & Bynum Capital Management. The interview is part of ValueWalk’s [...]
This is the final part of a three-part interview with Richard Fogler, Managing Director, Chief Investment Officer and PM of Kingwest & Company. The interview is part of ValueWalk’s Value Fund Interview Series. Throughout this series, we are publishing weekly interviews value-oriented hedge fund, and asset managers. All the past interviews [...]
Congrats! We have a limited time offer for loyal readers like yourself.
Sign up today and get three months free if you select yearly subscription
Use coupon code 3monthsfreeconfidential at checkout
Limited time offer only expires 3/31/2019 or next 30 subscribers whichever comes first – please do not share this discount with others