This is the second part of a short two-part series of notes from the Economic Club of Washington’s 2012 dinner celebration, which featured Warren Buffett as the featured guest. Q1 hedge fund letters, conference, scoops etcBuffett engaged in an after-dinner conversation with President David M. Rubenstein that covered a wide [...]
Trying to beat the market isn't easy, but investors stand a much better chance if they focus on the long-term and follow a sensible, rules-based approach according to Wall Street Legend Joel Greenblatt. Q1 hedge fund letters, conference, scoops etcIf you’re looking for value stocks, and exclusive access to value-focused [...]
Charlie Munger is considered to be one of the world's greatest investors, alongside his business partner and longtime friend, Warren Buffett. Q1 hedge fund letters, conference, scoops etcMunger's approach to investing is different from most other money managers. He's not afraid to be greedy when others are fearful and spends [...]
One the most significant challenges all investors face at some point during their careers is the challenge of deciding when to sell an investment. You could even argue that deciding when it is time to sell up and move on, is more important than buying the investment in the [...]
Crossroads Capital's Ryan O'Connor thinks Japanese consumer entertainment business Nintendo is one of the world's most undervalued businesses, and the company's shares could generate a 30%+ IRR "for many years to come." O'Connor is so optimistic on Nintendo's outlook that he has made it his largest position at Crossroads [...]
During the past ten years, active equity funds in the US have suffered $1.1 trillion of cumulative outflows, while flows into passive funds have reached $2.4 billion. The shift from active to passive has not been so pronounced in the bond market, in fact, active managers are still reporting [...]
Charlie Munger often refers to the latticework of mental models he and Warren Buffett use to evaluate businesses and run Berkshire Hathaway on a daily basis. Q1 hedge fund letters, conference, scoops etcIf you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive [...]
Joel Greenblatt knows a thing or two about investing. Best known for his best selling book on investing, The Little Book That Beats The Market, Greenblatt runs Gotham Funds with his partner Robert Goldstein and is best known for his Magic Formula method of valuation, which has been shown [...]
Anchoring is a cognitive bias where an individual relies too heavily on an initial piece of information. Investors are particularly susceptible to this cognitive bias because there are so many different data points that can act as an anchor when making decisions about a company or stock. Q4 hedge fund [...]
Fairpointe Capital, the $3 billion asset manager, run by Thyra Zerhusen, carved out a niche for itself in the mid-cap value space over the past two decades. Since 1999, the mid-cap strategy that Zerhusen runs has earned an annualized 11.4% net for investors, compared to 9.1% for the Russell [...]
There are many influential figures in the world value investing. Everyone knows figures like Warren Buffett, Benjamin Graham, Walter Schloss, Seth Klarman etc..But there are many other lesser-known figures out there that helped shape value investing, and the investment universe as we know it today. Phil Carret is one such figure.Get [...]
In June 2012, Warren Buffett was the featured guest for the Economic Club of Washington’s dinner celebration where he engaged in an after-dinner conversation with President David M. Rubenstein that covered a wide range of topics. Q1 hedge fund letters, conference, scoops etcIf you’re looking for value stocks, and exclusive [...]
Carlson Capital's Black Diamond Arbitrage Partners fund returned 1.62% net of fees for investors for the first quarter of 2019. According to a copy of the fund's first quarter investor update, a copy of which has been reviewed by ValueWalk, during the quarter merger arbitrage investments contributed 178 basis [...]
Founded in 1988 by Alexander J. Roepers, Atlantic Investment Management has established itself as one of the world's best fundamental driven value orientated equity investment firms in the world over the past 31 years. Q4 hedge fund letters, conference, scoops etc Image source: YouTube Video SCreenshot The firm's US-focused equity fund has [...]
Mittleman Investment Management is one of the highest ranked global equity managers over the past decade. The firm uses an investment strategy based on private equity. It analyses each business as if it were buying the whole company, looking for enterprises that are highly cash generative with high barriers [...]
This is the second part of a short series on notes from Berkshire Hathaway's 2004 annual meeting of shareholders. Q4 hedge fund letters, conference, scoops etcA question that Warren Buffett has always had to answer, and one this has only become more important in recent years, is what will happen [...]
Knowing where to look for the best investments and how to think about investing is more important than being a specialist in a particular sector or industry according to a transcript of Joel Greenblatt's Special Situation Investing Classes at Columbia University Business School. Q4 hedge fund letters, conference, scoops etcSpeaking [...]
Most value investors tend to avoid shorting companies because it is such an unpredictable sport. However, Wall Street Legend, Joel Greenblatt has made a name for himself going both long and short companies during his career. Q4 hedge fund letters, conference, scoops etcAccording to transcripts of his Special Situation Investing [...]
Investors are always being told they need to invest with a long term perspective. This statement is usually backed up with so-called long term data, which goes back ten years or maybe 15. But when you’re investing for life, a timeline of 10 or 15 years is basically short-term. [...]
Image source: PixabayShareTweetPostFlip Indexes are an incredibly important part of the financial markets. They provide an up-to-date, day-to-day view of market sentiment and are used as a benchmark to judge fund managers. However, despite their importance, the construction of [...]
"Stop analyzing stocks as data and statistics and start analyzing businesses," that's what Joel Greenblatt told students of his Special Situation Investing Classes at Columbia University Business School according to transcripts of the lessons in the early 2000s. Q4 hedge fund letters, conference, scoops etcGreenblatt concentrated on valuation throughout his [...]
2004 was a bad year for Berkshire Hathaway. The company's book value growth underperformed the S&P 500 by 0.4%, the second year in a row it lagged the index. Q4 hedge fund letters, conference, scoops etcHowever, Warren Buffett and his right-hand man Charlie Munger were unperturbed by this performance. 2003 [...]
