Mohnish Pabrai: Reject Stock Ideas As Fast As Possible

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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Aswath Damodaran: Valuing A Commodity Business

Placing a value on the equity of cyclical and commodity companies is a challenging process not least because growth often comes from movements in the economic cycle. The primary risk for cyclical firms is the health of the economy, and for commodity companies, the primary risk is commodity price movements. [...]

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Joel Greenblatt Details His Best Ever Investment

You can find part one here. After discussing his thoughts on the outlook for value investing, Greenblatt is asked to explain how his investment style has developed over the years. Q2 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check [...]

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Aswath Damodaran: How To Calculate Company Cash Flows

Estimating and measuring a company's cash flows is an integral part of the valuation process. According to Professor of Finance at the Stern School of Business at New York University, Aswath Damodaran, there are three main steps in cash flow estimation all investors and analysts have to consider when [...]

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Verdad Capital On The Great Private Equity Rip-Off

Dan Rasmussen founded Verdad Capital in 2014, and since then he's quickly established himself as one of the industry's rising stars. In 2017, he was named to the Forbes 30 under 30 list. Q2 hedge fund letters, conference, scoops etc Verdad specializes in applying a private equity model to public markets. [...]

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Weatherlow Fund’s Performance Picks Up Thanks To Tiger Cub

Evanston Capital Management's Weatherlow Fund is benefiting from the strong performance of several of the hedge funds in its portfolio this year. Q2 hedge fund letters, conference, scoops etc The fund of funds, which manages around $3.1 billion of client assets, making up the bulk of Evanston's $3.4 billion in assets under management, produced an estimated return [...]

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DG Value Concentrated Up 13.7% YTD, 23.6% Annualized

Dov Gertzulin's DG Capital is having a strong year. According to investor correspondence, ValueWalk has been able to review, at the end of May, DG's flagship fund, DG Value Partners II was up 4.7% net of fees and expenses for the year. Q2 hedge fund letters, conference, scoops etc If you’re [...]

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Charlie Munger’s Advice On How To Rational

Charlie Munger is well aware of the fact that he is only human and subject to the same psychological biases that affect all humans. The difference between Munger and most other people is the fact that Munger has trained himself to realize when these psychological biases are influencing his [...]

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Odey Likes Gold As He Warns Trump WIll Not Back Down From China Conflict Amid “A Crusade That Unites Washington”

At the end of May, Crispin Odey's International Fund was down -3.38% for 2019, following a mixed few months for the vocal hedge fund manager. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. According to investor documents [...]

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Hedge Funds Gain In H1 2019, But Liquidations Mount

2018 was one of the worst years for hedge fund performance since the financial crisis. However, it looks as if the industry is on track to make a strong recovery this year. Q1 hedge fund letters, conference, scoops, etc rawpixel / Pixabay For more up-to-date hedge fund content, and exclusive access to value-focused [...]

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Aswath Damodaran: How To Value Distressed Firms

Most firms will, at some point in their lives, have to deal with decline. Indeed, firms often see declines revenues and lower margins, which translates into negative expected growth, at one or all of their business divisions at some point. Q1 hedge fund letters, conference, scoops etc If you’re looking for [...]

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How To Think Like Charlie Munger

Charlie Munger is not only a great investor, but he is also considered to be a great thinker as well. He is known for his fluent, multidisciplinary mind, which he can turn to almost anything. Q1 hedge fund letters, conference, scoops etc Indeed, he trained as a meteorologist during World War [...]

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Gator Financial: This Mega Bank Is “An Interesting Turnaround Story”

Derek Pilecki's Gator Capital Management knows a thing or two about finding undervalued financial firms. Gator's financials-focused long/short hedge fund, Gator Financial Partners has returned 21.3% annualized for investors since inception (July 2008) and a cumulative return of 723.3%. Q1 hedge fund letters, conference, scoops etc For more up-to-date hedge fund [...]

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