A Three-Level Approach to Portfolio Management - Daniel Gladis of Vltava Fund read more

In “You Might Like to Watch This Picture as Asset Prices Fall,” we discussed a composite indicator called thin-air spending power (TSP). We also promised that this chartbook would... read more

Pershing Square conference call slides for the second quarter ended June 30, 2016. Pershing Square Q2 2016 Conference Call Presentation Herbalife - No Longer "Business" As Usual - An Overview of... read more

Last month David Einhorn’s Greenlight Capital made a non-binding proposal to BioFuel Energy Corp. (NASDAQ:BIOF) to buy most of the company’s stock and extend a 10%, $150 million term loan,... read more

Dodge & Cox Global Stock Fund shareholder letter for the fourth quarter 2014. To our shareholders The Dodge & Cox Global Stock Fund had a total return of 6.9%, compared to... read more

Goldman Sachs Group, Inc. (NYSE:GS) is w0rking on a way to get around some of the provisions of the Volcker Rule, according to an article by Reuters journalists Jessica Toonkel... read more

Via Value Investing India Report Jeremy Siegel’s The Future for Investors: Why the Tried and the True Triumph Over the Bold and the New, which was originally published in 1994.... read more

Why do most people invest their hard-earned money? Ultimately what most people really want is freedom – the freedom to do more of what they want, whenever they want, and... read more

A couple of old-tech stocks offered a good deal of value, 4-star portfolio manager Matthew McLennan said Monday. "We view it as entrenched technology," he said. "There's always a new... read more

Key Points In a prolonged anti-value momentum-driven rally, it’s easy and natural to forget the long-term value proposition of a rebalancing discipline. The evidence and intuition underlying a contrarian... read more