The history of counterfeiting is almost as extensive as the history of money itself. It’s said that even the first electrum coins in Lydia were regularly faked, and coming across... read more

Ukraine's largest lender PrivatBank said Monday it had filed a $3 billion lawsuit against PwC, claiming the auditor failed to call attention to "the huge fraud" plaguing the bank... read more

In 2015, Michael Mauboussin wrote a great paper titled – Triple Crown Teachings, Three Takeaways from the Quest for the Elusive Feat. In the paper he discusses how the... read more

“Davidson” submits: [REITs] Check out our H2 hedge fund letters here. Fed well behind T-Bill rates. Fed will need 0.5% rise in Fed Funds to normalize spread to T-Bill rate which is... read more

Oakmark International's David Herro says global information flow is faster, for better and for worse. Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in... read more

Article by RCM Alternatives If you haven’t heard yet – the most popular social media network in the world (arguably) didn’t have a great earnings report last night, and its... read more

Financial planning and specifically portfolio “safe” withdrawal rates are often viewed and analyzed from the perspective of rigid rules that can’t be broken – i.e., you will take an... read more

A global supply crunch approaches... Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid? anita_starzycka / Pixabay After issuing clear warnings on this program that... read more

One of the oldest and most persuasive arguments in the stock market is that small stocks outperform large stocks.(1) Warren Buffett, speaking at the 2013 Berkshire Hathaway Annual Meeting,... read more

We hear a lot about the China’s vast problems. They are very real and could have major consequences. But economic reality isn’t black and white. Get The Full Seth Klarman... read more