As we move into 2020, Jesse Ho Head of Event-Driven at Carlson Capital believes the fertile M&A environment that persisted throughout 2019, is likely to continue over the next 12-months. Writing in his December and year-end letter to investors of the Black Diamond Arbitrage Partners fund, the fund manager speculates...
In 1958, Warren Buffett started buying shares in a small map company that he believed was seriously undervalued. Writing in his 1958 partnership letter, he did not reveal the name of the security, although he did declare that it had an estimated intrinsic value of $135 per share, compared to...
Seth Klarman is one of the greatest value investors alive today. Over the past few decades, his hedge fund, the Boston-based Baupost, which manages around $30 billion of assets for clients around the world, has achieved an average annualized return in the region of 20%. What's more, Baupost often...
Mohnish Pabrai's Pabrai Investment Funds ended 2019 on a high note according to the value investor's year-end investor update, a copy of which has been reviewed by ValueWalk. According to the update, at the end of December 2019, Pabrai's flagship PIF2 fund was up 9.2% net for the calendar year...
"Price is what you pay, value is what you get," is one of Warren Buffett's best-known quotes. In investing, price and value are not one and the same. Q4 2019 hedge fund letters, conferences and more The market price offered is only a reflection of investor sentiment, and it does not...
The investing world is full of noise. Investors are inundated with a constant drumbeat of information, from the financial media, Wall Street, and even their own advisors. Companies and fund managers also provide investors with a stream of information, which makes it challenging to process vital facts. Tuning out this...
As growth stocks such as Alphabet, Microsoft, Facebook, and Apple dominate the headlines, it is easy to overlook the more traditional classes of Investments such as real estate investment trust, or REITs. A real estate investment trust is a company that owns, and in most cases operates, income-producing real estate....
Dov Gertzulin's DG Value hedge fund ended 2019 on a high note. DG Value Partners added 2.5% in December and finished the year up 6.9%. Q4 2019 hedge fund letters, conferences and more Following this performance, the $250 million strategy has produced an annualized return for investors of 7% since inception,...
Chilton Capital Management's REIT strategy produced a total return of 29.8% net of fees in 2019, according to a copy of the firm's third-quarter performance update, a copy of which has been reviewed by ValueWalk. On a gross basis, Chilton's REIT Composite index returned 30.9%, compared to a total return...
Warren Buffett knows a thing or two about investing. He bought his first stock when he was a teenager, and over the following seven and a half decades, the Oracle of Omaha has been continually refining his strategy. Today Buffett considered to be the greatest investor of all time, but...
Charlie Munger has attributed a considerable part of his success to his multidisciplinary education. From the very beginning, he was always interested in acquiring multidisciplinary knowledge or knowledge associated with more than one existing academic discipline or profession. "I couldn't stand reaching for a small idea in my own discipline when...
Seth Klarman is widely considered to be one of the best value investors alive today. His hedge fund, and the Boston-based Baupost Group, which manages around $30 billion for clients around the world, has reportedly returned more than 20% per annum since inception nearly 40 years ago. Q4 2019 hedge...
"What's the best business you've ever invested in, and is there a favorite deal you've ever done," one student asked Warren Buffett in 2003 as part of a Q&A session with the Oracle of Omaha. In the session with students of the Oquirrh Institute, Buffett answered a range of different...
At first glance, Berkshire Hathaway's See's Candies and Net Jets businesses might not appear to have that much in common. But according to Warren Buffett, they both follow reasonably similar business models. The Oracle of Omaha made these comments in 2003 as part of a Q&A session with Oquirrh Institute...
Please note this article is based on publicly available information, however ValueWalk just received Baupost's 2018 letter moments ago and will have exclusive coverage shortly. Seth Klarman is widely regarded as one of the best value investors the world has ever seen. Over the past few decades, his hedge fund,...
Carlson Capital's flagship Double Black Diamond strategy offers the "ideal investment strategy in the current environment," according to the hedge fund's December 2019 letter to investors, a copy of which ValueWalk has been able to review. Q3 2019 hedge fund letters, conferences and more PublicDomainPictures / Pixabay Historically, the hedge fund has...
Today, investors all around the world know Warren Buffett and his story. Q3 2019 hedge fund letters, conferences and more However, in the early 1970s, the Oracle of Omaha, as he is now frequently referred to, was a relatively unknown investor. Buffett's early years Buffett formed his first investment enterprise in 1956. After...
Warren Buffett likes to own businesses that can run themselves. To put it another way, he wants to own companies that have such substantial competitive advantages. It does not matter who is at the head of the business. However, he also has a long track record of buying companies just...
Sir John Templeton was one of the greatest value investors of the 20th century. Born in November 1912, Templeton's investment career started during the depression of the 1930s. As the story goes, the young investor bought 100 shares at each NYSE listed share trading for less than $1 at the...
In 1985, Warren Buffett made an appearance on Adam Smith's Money World. In the interview, which was one of Buffett's earliest television appearances, Buffett and Smith discussed a range of topics, everything from what makes a good investment manager, to Buffett's investment process. The interview started off with Smith asking...
Warren Buffett is the world's fourth-richest person with a net wealth of nearly $90 billion, according to the Bloomberg Billionaires index. Buffett didn't accumulate this wealth overnight. He's been saving and investing since he was 14. The investor started with almost nothing, but he had accumulated a net worth of...
Seth Klarman is widely considered to be one of the best value investors in the world today. Q2 hedge fund letters, conference, scoops etc His Boston-based hedge fund, Baupost manages approximately $30 billion in assets for clients around the world. Its unconstrained mandate means that it can invest in whatever assets...
Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:
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