Value investing is simple to understand but challenging to implement. The process can be simplified by developing a strict set of rules and sticking to them religiously, according to Seth Klarman. Q2 hedge fund letters, conference, scoops etc Klarman is considered to be one of the best value investors of the [...]
Continued from part one: Q2 hedge fund letters, conference, scoops etc Although he covered a range of topics in his presentation at Trinity College, the main takeaway from Pabrai's talk was the idea that no matter what skill set you have or where your circle of competence falls, as long as [...]
Hedge funds recorded another positive month in July following a strong first-half performance according to data from Eurekahedge. Hedge fund managers gained 0.69% in July, bringing their year-to-date return to 6.56%, according to the hedge fund data provider's analysis. For more up-to-date hedge fund content, and exclusive access to value-focused hedge [...]
Regal Funds Management's Atlantic Absolute Return Fund is on track to report one of its best years ever for 2019. According to a copy of the fund's performance tear sheet for July, a copy of which ValueWalk has been able to review, year-to-date, the strategy is up 92.8%. Q2 hedge fund letters, conference, scoops etc For more [...]
Value investor Mohnish Pabrai has spent a tremendous amount of time studying the investments and investment philosophy of Warren Buffett and Charlie Munger. Q2 hedge fund letters, conference, scoops etc He believes that all investors can learn a great deal from these two billionaires, who are considered to be the greatest [...]
There are three primary tools investors can use to value businesses according to Baupost's Seth Klarman. Q2 hedge fund letters, conference, scoops etc Speaking at a lecture at the Columbia Businesses School before the financial crisis, the value manager declared that while investors have a range of valuation tools available to [...]
Max Heine was one of the great underappreciated value investors. After emigrating to New York during 1934, he immediately entered the securities business, and 15 years later he founded the Mutual Shares Corporation, one of the world's first open-ended mutual funds. Heine's strategy was simple; buy undervalued stocks targeting a 15% annual return, [...]
Research is the best way to reduce risk in investing, but no matter how extensive your research and no matter how diligent or smart you are, due diligence always has its shortcomings. Investors should always keep this in mind when they are evaluating potential opportunities, according to Seth Klarman. If you’re [...]
One of Benjamin Graham's last pieces of work was a lecture on methods of stock selection. Titled "Three Simple Methods of Common Stock Selection" this lecture was a summary of his work over the previous few decades and his "extensive investigation of the behavior of common stock prices in [...]
According to Greenlight Capital's most recent 13F filing, at the end of March 2019, Brighthouse Financial Inc was the firm's fourth-biggest holding after AerCap Holdings, Green Brick Partners and General Motors. Q2 hedge fund letters, conference, scoops etc (more…)
When it comes to the process of calculating a company’s intrinsic value, Mohnish Pabrai uses a relatively unique process. Unlike many other investors and Wall Street analysts, Pabrai does not rely on complex spreadsheets or formula’s to determine the value of a business. Q2 hedge fund letters, conference, scoops etc If [...]
How can we tell whether a recommendation to buy or sell a stock is right or wrong? That's the question Benjamin Graham posed in an article he wrote for the Financial Analysts Journal in the first quarter of 1946. "If a security analyst should recommend the purchase of United States [...]
DG Capital's Concentrated Strategy of its flagship DG Value Partners fund is up 13.7% net year-to-date. The concentrated strategy returned approximately 7.4% in the second quarter of 2019, outperforming both the S&P 500 index and the HFRI Event-Driven Index, the which returned 4.3% and 1.4% respectively during the three [...]
Benjamin Graham is perhaps best known for his books and work on deep value investing, but he was also an occasional activist investor. Q2 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden [...]
The hardest decision every investor will have to make at some point is when to sell a stock. According to Warren Buffett, the best answer to this question is to avoid it altogether. Q2 hedge fund letters, conference, scoops etc Rather than buying stocks you might have to sell at some [...]
Mohnish Pabrai, the Managing Partner of the Pabrai Investment Funds, has struggled to find any value stocks in the US for the past few years. Q2 hedge fund letters, conference, scoops etc Instead, he has directed his attention to India, where he believes there are still plenty of bargains to be [...]
Brad Radin founded Radin Capital Partners Inc after leaving Franklin Templeton Investments where he was the leading portfolio manager at Templeton Global Smaller Companies fund between 1999 and 2011. During this period, his fund quadrupled in value while the S&P 500 was up just 5%, a 14% compound annual [...]
Who said value is dead? Voss Capital's Voss Value Fund is having a cracking 2019. For the second quarter, the firm returned 8.42% gross and 6.71% net to investors. Following this performance, for the year to the end of June the fund has returned 19.87% and 25.42% net and [...]
The Franklin Mutal Series was founded by Max Heine, who was one of the most successful value investors of the last century. Max Heine emigrated to New York during 1934 and immediately entered the securities business, founding Mutal Series in 1949. He became known for his "Getting a dollar [...]
Mohnish Pabrai's Ten Commandments of Investment Management are his ten guiding principles of investment management that he believes will help anyone become a better investor. Q2 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value [...]
Saying "no" to both stocks and invitations is one of the most important lessons investors should learn according to Mohnish Pabrai. Q2 hedge fund letters, conference, scoops etc Pabrai made this statement as part of a webcast Q&A session with students at the London Business School in mid-June. Answering a student [...]
Since inception in June 2000, Mohnish Pabrai's flagship hedge fund has more than doubled the annualized return of the S&P 500 after including fees to investors. Q2 hedge fund letters, conference, scoops etc This impressive performance is a result of the value investor's stock-picking skill or rather, his skill at throwing [...]
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