In an SEC Form 4 filing, Berkshire Hathaway revealed that it added $250 million to its $3 billion stake in Delta Airlines last week at about $49 per share. ... Read More

Despite all the talk about the death of hedge funds, as the industry suffers from chronic underperformance, high fees and a lack of flexibility in the rapidly changing asset... Read More

Don Yacktman on how low interest rates lead to pitfalls for equity investors Read More

Not surprisingly, Equity Long/Short turned out to be the best-performing strategy in Q1 with an average return of 4 percent, as calculated by various hedge fund data sources. Among... Read More

Via Goldman Sachs: We are in the third period of a loosening of bank underwriting standards in the past two decades. The outcomes of the first (1993-1998) and second... Read More

A popular story told is that inequality is a bad thing and brings social discontent. That’s the wrong way to look at it. Inequality itself isn’t the problem. In... Read More

Sound Shore Fund annual letter for the fourth quarter ended December 31, 2015. Dear Investor: The Sound Shore Fund's Investor Class (ticker SSHFX) ended December 31, 2015 with a net asset... Read More

In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, Brewster, and Carlisle discussed Don’t Capitalize Gains In Your Head. Here’s an excerpt from the episode: Q2 2021... Read More

Hedge Funds' Gains Were Available In A Year Of Aggregate Declines by eVestment December’s losses confirm 2015 as a down year for the industry, however there were bright spots. The hedge... Read More

We remain in a high risk, low potential reward environment. Last week’s jobs numbers disappointed Bank of America Merrill Lynch’s Global High Yield Strategy team. While wages were up, market valuations... Read More