“The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” - F.... read more

During his recent interview with Tobias, Ben Claremon, the Principal and Portfolio Manager at Cove Street Capital provided some great insights into how investors can better understand the culture... read more

Pzena Investment Management commentary for the second quarter ended June 30, 2015. Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to... read more

At today’s closing price of $289.91 for Apple, Berkshire’s 5.4% stake in the company is valued at $72 billion, double its $36 billion investment.  One of Berkshire’s portfolio managers,... read more

At a $1.04-trillion valuation, Microsoft (MSFT) is the biggest public company in the world Q2 hedge fund letters, conference, scoops etc Its stock has shot up 480% in the past decade... And an incredible... read more

One mega-bank believes that policy normalization performed by the Fed should now slow "The Fed has probably done enough on normalization for now and should take a well-earned break! The... read more

Just a few days after finding out that Goldman Sachs Group Inc (NYSE:GS) is scaling back its prime brokerage services to hedge funds, JPMorgan has released a white paper... read more

Check out how this value hedge fund (Khrom Capital) is doing (and no this is not a one time feat, but more like an average year) presented without further... read more

The current conditions are so tough in Spain that it made ex-Prime Minister, Felipe Gongalez say, “we’re in a situation of total emergency, the worst crisis we have ever... read more

This is part one of a two part series on the company. Part one is an overview of Imperial and its operations, part two will look at the company's... read more