Rare Benjamin Graham Interview From 1976

Benjamin Graham is generally considered to be the Godfather of value investing. His books, the Intelligent Investor and Security Analysis, which was written with his partner, David Dodd, have become the bibles of value investing and essential reading for any investors who want to take up the discipline. Graham's record [...]

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Charlie Munger Cognitive Lollapalooza [Pt. 4]

This is part four of a short series outlining the 22 cognitive biases Charlie Munger talked about in his now famous speech, The Psychology of Human Judgement.Charlie Munger’s 22 Cognitive Biases [Pt. 1] Munger’s Cognitive Biases [Pt. 2] Munger’s Cognitive Biases [Pt. 3]Q3 hedge fund letters, conference, scoops etc22. Say-something syndrome and [...]

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Munger’s Cognitive Biases [Pt. 3]

This is part three of a short series outlining the 22 cognitive biases Charlie Munger talked about in his now famous speech, The Psychology of Human Judgement. Q3 hedge fund letters, conference, scoops etc Parts one and two contain a brief introduction and biases' one through 12. In this part of the [...]

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Munger’s Cognitive Biases [Pt. 2]

This is the second part of a short series outlining the 22 cognitive biases Charlie Munger talked about in his now famous speech, The Psychology of Human Judgement, which he gave in front of students at the Harvard Law School in June 1995. Q3 hedge fund letters, conference, scoops etc Part one [...]

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Charlie Munger’s 22 Cognitive Biases [Pt. 1]

Charlie Munger's speech he gave to Harvard Law School students in June 1995, is perhaps the most famous of all his lectures. Munger's speech focused on the psychology of human misjudgement and has since become known as 'Charlie Munger on The Psychology of Human Judgement'. Q3 hedge fund letters, conference, [...]

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Seth Klarman: Short Term Thinking Is Killing Capitalism

The greatest investors, the most successful business managers in the world today have all followed different paths to get where they are. Some, like Jeff Bezos, have started revolutionary businesses, which have changed the world. Meanwhile, others, such as Warren Buffett have built business empires from scratch by investing [...]

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Gator Financial’s Deep Value Pick

Gator Financial Partners LLC, has an enviable track record. The financial focused hedge fund, which is part of Gator Capital management, opened its doors for business in July 2008. Since then, the firm has only lost money in three out of its ten full years of operation. Q3 hedge fund [...]

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Baupost’s Four Pillars Of Investing Success

In 2012, Baupost, Seth Klarman's value-focused hedge fund turned 30. To celebrate, the seasoned value investor devoted around half of his year-end letter to investors dissecting and analyzing the firm's history, reflecting on the bad and good times since inception, and the qualities that have helped Baupost survive and [...]

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Hedge Fund Closures Only Part Of The Picture

Last year was the best year for hedge funds in a long time. According to data from hedge fund database provider Eurekahedge, which monitors the performance of 2,666 funds across the hedge fund landscape, funds returned an average of 8.45% in 2017, the best performance since 2013. But despite this [...]

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Hedge Funds Unlikely To Take More Risk Until 2019

2017 was one of the best years in performance terms for the hedge fund industry as a whole. According to data compiled by hedge fund database provider Eurekahedge, hedge funds (as defined by the Eurekahedge Hedge Fund Index, Eurekahedge's flagship equally weighted index of 2,666 constituent funds) added 8.45% [...]

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Canyon Partners Likes Las Vegas.. For its Distressed Assets

Mariamichelle / Pixabay Canyon Partners' Canyon Distressed Opportunity Fund II began investing investors money at the end of August 2016, and has, according to its third-quarter letter to investors, invested around 59% of its $1.46 billion capital to date. Q3 hedge fund letters, conference, scoops etc Canyon Partners is one of the [...]

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Seth Klarman: Keeping Calm In A Bubble Market

For Seth Klarman's value-focused hedge fund Baupost the early 1990s was a tricky time. According to his letters to investors, between the end of 1990 and fiscal year end of 1996 (October 31), the hedge fund turned every $50,000 invested into $120,585 a compound annual return of 16.17%. Q3 hedge [...]

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Gator Bets Big On Zions

Gator Financial Partners, the financial focused hedge fund managed by Derek Pilecki is currently on track to do something that has only ever happened three times so far in its short history. Q3 hedge fund letters, conference, scoops etc The firm, which started trading in July 2008, is on track to [...]

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Joel Greenblatt Talks About How To Value A Business

Last week, at the Metropolitan Club in New York, the inaugural edition of Value Invest New York took place. Joel Greenblatt of Gotham Asset Management spoke at the event on the topic of value investing and whether or not it is still relevant today. Q3 hedge fund letters, conference, scoops [...]

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Joel Greenblatt: Value Investing Isn’t Dead

Last week, at the Metropolitan Club in New York, the inaugural edition of Value Invest New York took place. Speakers included some of the most respected names in the world of value investing including Howard Marks of Oaktree Capital and Joel Greenblatt of Gotham Asset Management. Q3 hedge fund letters, [...]

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