The following is a guest post from Eric Fernandez, CFA of Two Rivers Analytics. The S&P is at record highs yet again. Shorting has been difficult for the past several years as equities have continued their ascent. More than a handful of well-regarded short-biased funds have closed their doors since 2014. You [...]
This is part three of a five-part interview with John (Jack) E. Leslie III, CFA Portfolio Manager for the Miller/Howard Income-Equity Fund. The interview is part of ValueWalk’s Value Fund Interview Series. Throughout this series, we are publishing weekly interviews with value-oriented hedge fund, and asset managers. All the past interviews [...]
2018 was one of the worst years for the hedge fund industry since the financial crisis. According to Hedge Fund Research Inc., the industry as a whole declined 4.1% on a fund-weighted basis, although some managers were able to navigate the market environment better than others. Q1 hedge fund letters, [...]
Active investment managers with a game plan, courage, emotional stability and "the guts to do things when others are petrified and frozen," will always be able to outperform passive mandates over the long-term, according to the Oracle of Omaha, Warren Buffett. Q1 hedge fund letters, conference, scoops etc If you’re looking [...]
This is part four of five part series covering a rare interview Stan Druckenmiller gave to Barron’s, published on March 28 1988 in the Barron’s National Business and Financial Weekly publication (H/T UPSbanker). The interview was given around the time Stan was poached by George Soros for Soros Fund [...]
Billionaire hedge fund manager David Einhorn reported his worst year ever last year. Greenlight Capital's main fund lost 9% in December, bringing its decline for 2018 to 34%. However, the fund manager's fortunes have improved this year. Q1 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive [...]
Blue Mountain's Credit Alternatives Fund ended the first quarter of 2019 down -3.57% gross according to a copy of the fund's March transparency report, a copy of which ValueWalk has been able to review. Q1 hedge fund letters, conference, scoops etc jplenio / Pixabay For more up-to-date hedge fund content, and exclusive access [...]
Deer Park Road's flagship STS Master Fund has one of the best track records in the hedge fund space. The $2bn has produced a positive return for investors every year since its inception in May 2008, turning every $1,000 invested into more than $8,000 by the end of 2018. Q1 [...]
Charles Brandes is the founder and Chairman of Brandes Investment Partners, L.P., he is also one of the few value investors still alive today that was lucky enough to meet and learn from the godfather of value investing, Benjamin Graham. Q1 hedge fund letters, conference, scoops etc Brandes spent time with [...]
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 [...]
Joel Greenblatt is a Wall Street legend. He has written several books on the subject of investing containing invaluable advice for investors, including You Can Be A Stock Market Genius and The Little Book That Beats The Market. Using the rules set out in these books, he managed to achieve [...]
See's Candies, the confectionery business owned by Berkshire Hathaway, and BNSF, the largest freight railroad network in North America, also owned by Berkshire Hathaway don't have much in common apart from their parent at first glance. Q1 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive [...]
Mohnish Pabrai's Pabrai Investment Funds produced a return of 5.4% for its investors for the first quarter of 2019 according to a copy of the firm's Q1 letter to investors, a copy of which has been reviewed by ValueWalk. Q1 hedge fund letters, conference, scoops etc If you’re looking for value [...]
Braddock Partners the hedge fund operated by Akre Capital Management produced a return of 16.01% net of all fees for investors in the first quarter of 2019, outperforming its benchmark, the S&P 500 TR index, which gained only 13.65% during the period. Q1 hedge fund letters, conference, scoops etc Image source: [...]
Donald Yacktman has one of the most impressive track records in the mutual fund industry. He named "Portfolio Manager of the Year" in 1991 by Morningstar and awarded the 1994 "Portfolio Manager of the Year" by Mutual Fund Letter before being nominated by Morningstar as Fund Manager of the [...]
Calculating a company's intrinsic value is all about working out its future cash inflows and outflows from the business to the owners over the next 100 years or until the business is extinct, according to the Oracle of Omaha, Warren Buffett. Q1 hedge fund letters, conference, scoops etc If you’re looking [...]
Guy Spier is the founder and managing partner of Aquamarine Capital. Spier built Aquamarine around the original 1950s Buffett partnerships, he trades infrequently and only tends to own a handful of investments, preferring to concentrate his bets on the company's he knows and understands best, rather than diversifying outside [...]
With most companies, it is impossible to tell if they will still be around in ten years, but there is a select group of businesses that are almost certain to survive for the duration of an investment lifetime according to The Oracle of Omaha, Warren Buffett. Q1 hedge fund letters, [...]
Stock research is a critical part of the investment process, but too much research can be detrimental to your financial health, that's according to Mohnish Pabrai. Q1 hedge fund letters, conference, scoops etc For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value [...]
Investors should not rely on complex spreadsheets to calculate a business's intrinsic value, but should instead focus on three to five variables and possible outcomes according to highly renowned value investor Mohnish Pabrai. Q1 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive access to value-focused [...]
Tom Gayner is the Chief Investment Officer of Markel Corp and the President, Markel Gayner Asset Management, Inc. He is considered to be one of the best value investors alive and uses the cash flows generated by Markel's core insurance business to generate exceptional returns. Q1 hedge fund letters, conference, [...]
Accounting is the language of business, and if you don’t understand accounting principles, you’re better off avoiding stocks altogether according to the Oracle of Omaha Warren Buffett. Q1 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 [...]
