In July, China’s fifth-largest smartphone manufacturer, Xiaomi Corporation (Exchange: Hong Kong; ticker: 1810), raised US$4.7 billion when it listed its shares on the Hong Kong Stock Exchange. It was the... read more

Dear Fellow Shareholder: 2013 was a terrific year for our stock funds. Gains for the year ranged from +28% for Hickory to +39% for Research. We are in the... read more

Hope you had a great Thanksgiving and time to catch up with family and unwind a little. Our Christmas lights are up in our home as we get ready... read more

There is no stopping Dan Loeb as he suits up to open a new hedge fund in Greece, betting on a recovery in the indebted economy. Just like all... read more

Investing fees make investors worse off in aggregate.  Real returns to all investors are the sum of market returns less all fees and taxes. Q4 hedge fund letters, conference, scoops... read more

Is High Frequency Trading Beneficial To Market Quality? Graham Partington University of Sydney - School of Business - Finance Discipline; Financial Research Network (FIRN) Richard Philip University of Sydney Business School Amy... read more

We’ll forgive you if you’ve deleted those files from your brain, but Bitcoin is slowly creeping back into the collective investing consciousness of late. Why? Well, more than doubling... read more

With CBOE VIX index falling to the rare 9 level on Monday, there is significant consternation over the abnormally low level of the volatility. However, Bank of America Merrill... read more

Nexans SA (OTCMKTS:NXPRF) (EPA:NEX), a French cable company which provides services to several industries, is a unique small cap that seems to have grabbed the interest of several big... read more

Charlie Munger’s net worth is about 1.5 billion and as most people know, he’s Warren Buffett’s vice chairman at Berkshire Hathaway. As we’ve talked about on previous episodes, Munger... read more