A Goldman Sachs employee using his own funds to purchase prostitutes for a relative of the head at the Libyan Investment Authority (LIA) was a mistake, a Goldman Sachs... Read More

FPA Capital Fund commentary for the third quarter ended September 30, 2015. H/T Dataroma Dear fellow shareholders, We are not happy with our performance over recent quarters. However, after our poor relative... Read More

Yandex NV (NASDAQ:YNDX) announced its Q1 earnings today, indication revenues were up 51% to $200.3million along with a 53% increase in net income to $43 million. Yandex is the leading search... Read More

Quindell PLC (LON:QPP)’s founder and chairman Rob Terry resigned Tuesday, adding to a tumultuous few months for the insurance claims processor which saw the company shedding over 2 billion... Read More

ETFs/ETPs listed globally have gathered 10.80 billion US dollars in net new assets in February 2016, according to ETFGI LONDON — March14, 2016 — ETFs/ETPs listed globally have gathered US$10.80... Read More

Though bonds have been the portfolio diversifier of choice in the last 25 years, extreme valuations create a drag on portfolio returns in normal times and are a hurdle... Read More

Do “financial experts” perform better at stock portfolio selection and management than non-experts coming from a similar demographic and educational background? No, is the result of a study from Notre... Read More

Merger Monday is back, but the market’s not buying it. Comcast (CMCSA), Michael Kors (KORS), and Sirius XM (SIRI) all announced multi-billion-dollar acquisitions on Monday. The market responded by... Read More

We want to feel at the end of the year we have more fundamental earning power, says Warren Buffett, Berkshire Hathaway CEO, discussing his annual report to shareholders. Buffett... Read More

Vilas Fund investment commentary for the second quarter ended June 30, 2015. Performance Highlights: The Vilas Fund, LP, has substantially outperformed the S&P 500 Index and the HFR Fundamental Value Index... Read More