Warren Buffett is a hero to many value investors, but some people have argued that he is, as Michael Jensen once put it, the happy winner of a coin-flipping... Read More

It is generally believed that higher interest rates are better for banks and, as a result, as the Federal Reserve tightens monetary policy, banks will be better off because... Read More

By Burgundy Asset Management If you are at all familiar with Burgundy, likely you have heard time and again that we invest in “quality” companies when the share prices of... Read More

Seth Klarman is one of the greatest value investors alive today. Over the past few decades, his hedge fund, the Boston-based Baupost, which manages around $30 billion of assets... Read More

One of the disadvantages of being a big institutional investor is that it becomes difficult to do anything other than own the market, expressing views more as a tilt... Read More

Brent crude prices have been on an upswing in recent months, and most people assume this is because of rising tensions in Libya and continuing problems in Nigeria. However,... Read More

Xu Zhong, head of the People’s Bank of China’s research bureau, is in an unusual position. In a nation known for government intervention in free market forces, he recognizes... Read More

The poison pill is becoming less common as corporate boards become more comfortable working with activist investors instead of adopting an automatically confrontational stance, and no one knows it... Read More

According to 1949 Value Advisors' Matthew Haynes, egg producer Cal-Maine Foods is a "bargain worth pursuing" as the business recovers from a multi-year industry slump with wholesale egg prices falling. In the... Read More

James Dinan's York Capital has churned out decent returns during the first quarter of 2013 after posting less than stellar returns in Fenruary. The flagship York Capital Management and York Investment Ltd.... Read More