“Success in investing doesn’t correlate with IQ once you’re above the level of 120. What you need is the temperament to control the urges that get other people into trouble in investing. If your IQ is 150, sell 30 points; it won’t hurt.”
David I Kass
Clinical Associate Professor, Department of Finance
Ph.D., Harvard University
Robert H. Smith School of Business
4412 Van Munching Hall
University of Maryland
College Park, MD 20742-1815
Phone: 301-405-9683
Email: dkass@rhsmith.umd.edu (link sends e-mail)
Dr. David Kass has published articles in corporate finance, industrial organization, and health economics. He currently teaches Advanced Financial Management and Business Finance, and is the Faculty Champion for the Accelerated Finance Fellows. Prior to joining the faculty of the Smith School in 2004, he held senior positions with the Federal Government (Federal Trade Commission, General Accounting Office, Department of Defense, and the Bureau of Economic Analysis). Dr. Kass has recently appeared on Bloomberg TV, CNBC, PBS Nightly Business Report, Maryland Public Television, Business News Network TV (Canada), Fox TV, American Public Media's Marketplace Radio, and WYPR Radio (Baltimore), and has been quoted on numerous occasions by Bloomberg News and The Wall Street Journal, where he has primarily discussed Warren Buffett and Berkshire Hathaway. He has also launched a Smith School “Warren Buffett” blog. Dr. Kass has accompanied MBA students on trips to Omaha for private meetings with Warren Buffett, and Finance Fellows to Berkshire Hathaway’s annual meetings. He is an officer of the Harvard Business School Club of Washington, DC, and is a member of the investment and budget committees of a local nonprofit organization. Dr. Kass received a Smith School “Top 15% Teaching Award” for the 2009-2010 academic year.
Brief write up of the Warsaw stock exchange. I found this and think it is a rather neat idea. It is currently a 5.9% portfolio weight.
Q4 hedge fund letters,... read more
A star-studded list of those who influence what happens on the world stage will be in attendance at the forthcoming World Economic Forum in Davos, Switzerland next week and... read more
Nice article from Barron's on Joel Greenblatt, below is an excerpt.
How Joel Greenblatt's Bigger Book Beats The Market by Sarah Max, Barron's
Every year, when Joel Greenblatt kicks off his... read more
Apple is reportedly entering the streaming market, becoming yet another competitor to heavyweights like Netflix and Amazon Prime. But if the reports are accurate, the tech firm is not... read more
David Einhorn is once again competing in the World Series of Poker Championship in Las Vegas. He is set to play in the One Drop High Roller tournament. Last year, he... read more
LONDON — July 19, 2016 — ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed in... read more
We already detailed Third Point performance in January here. Below is more detail from the hedge fund on the performance breakdown.
2014-01-January-Monthly-Report-TPOI
2014 01 January Monthly Report TPOI
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Uh oh pensions & endowments? Our readers know we are not perma-bears, but we ask what happens what happens to the trillions in pensions & endowments when stocks do not... read more
Over the past few days, a number of economists and other financial professionals have argued that the recent economic data confirms that sequestration is hurting the economy. Is what... read more
Indexing’s meteoric rise introduced investors to the value of prioritizing low costs, transparency, and consistency in their portfolios.
Q3 hedge fund letters, conference, scoops etc
With that growth comes increased scrutiny.... read more