One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of [...]
During his recent interview with Tobias, Thomas Braziel, the Founder of 507Capital, discusses the importance of searching for stocks with ‘cheap optionality’. Here’s an excerpt from the interview: Q2 hedge fund letters, conference, scoops etc Tobias Carlisle: What’s your overriding philosophy? I think that there are two principles. One is that [...]
In his 2004 Baupost Shareholder Letter, Seth Klarman made his thoughts clear on the inability of most investors to sit on the sidelines and hold cash when markets are expensive, saying: Q2 hedge fund letters, conference, scoops etc “In short, investors remain the consummate yield gluttons, seeking high return without regard [...]
During his recent interview with Tobias, Ian Cassel, Founder of MicroCapClub and Intelligent Fanatics Capital Management, discusses his three buckets of successful micro-cap investing saying: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot Ian Cassel: I wouldn’t characterize myself as a value investor. I would say it’s more [...]
Here’s a great excerpt from Michael Mauboussin’s book – Think Twice: Harnessing the Power of Counterintuition, in which Mauboussin is discussing what he calls the expert squeeze, and when is the best time to utilize man versus machine, saying: Q2 hedge fund letters, conference, scoops etc As networks harness the wisdom [...]
During his recent interview with Tobias, Benn Eifert, CIO at QVR Advisors, discusses options trading strategies, and how investors can hedge their portfolios more cost effectively. Here’s an excerpt from the interview: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot Tobias Carlisle: I think since the 2007, ’09 [...]
Just been re-reading Nassim Taleb’s book – Antifragile: Things that Gain from Disorder, which includes a great passage on risk and a real-life example of how it applies in investing. Here’s an excerpt from the book: Q2 hedge fund letters, conference, scoops etc Image source: Bloomberg Video Screenshot Under path dependence, one can [...]
During his recent interview with Tobias, Ian Cassel, Founder of MicroCapClub and Intelligent Fanatics Capital Management, discusses how the micro-cap universe provides investors with the best opportunities to find multi-baggers, saying: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot Tobias Carlisle: Do you find opportunities harder to come [...]
Here’s a great excerpt from an interview that Warren Buffett did in India some years ago. Buffett is discussing how there is no easier game than stocks, but investors turn that fundamental advantage into a disadvantage saying: Q2 hedge fund letters, conference, scoops etc If you look at the typical stock [...]
Here’s an excerpt from an interview by Value Investor Insight with Alexander Roepers. Making highly concentrated bets, as Alexander Roepers can attest, requires conviction in one’s research, flexibility of mind and, at times, a cast-iron stomach: Image source: YouTube Video SCreenshot Q2 hedge fund letters, conference, scoops etc While he spends considerable [...]
During his recent interview with Tobias, Daniel Grioli, the Managing Partner at Guisgard Capital, discusses the secret to developing an outstanding growth strategy that will outperform. Here’s an excerpt from the interview: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot Daniel Grioli: And then there’s obviously the risk that [...]
Here’s a great excerpt from a CNBC interview with features Warren Buffett, Bill Gates, and Charlie Munger. During the interview Buffett illustrates how investors miss out on great opportunities because they stay anchored on a stock’s previously lower price, instead of focusing on the current price, which may still [...]
During his recent interview with Tobias, Eddy Elfenbein, who owns the popular investing blog Crossing Wall Street Blog, discusses why investors should look for companies that have a pseudo-monopoly. Here’s an excerpt from the interview: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot Tobias Carlisle: Let’s talk about [...]
During his recent interview with Tobias, Eddy Elfenbein, who owns the popular investing blog Crossing Wall Street Blog, discusses the most important metrics that investors should consider when determining what a business is worth. Here’s an excerpt from the interview: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video [...]
Here’s a great new paper by the team at GMO which discusses the factors that have caused the underperformance of value investing in the past decade, stating: Q2 hedge fund letters, conference, scoops etc rawpixel / Pixabay The performance of U.S. value over the last decade has led many to wonder whether [...]
Here’s a great excerpt from Joel Greenblatt’s book – The Little Book That Beats The Market, in which he discusses the importance of finding businesses that can achieve a high return on capital, saying: Q2 hedge fund letters, conference, scoops etc But here’s the thing. If capitalism is such a tough [...]
During his recent interview with Tobias, Zach Abraham, who runs Bulwark Capital Management and has a radio show called Know Your Risk Radio, discusses why investors should consider fixed indexed annuities as an alternative to bonds saying: Image source: YouTube Video Screenshot Zach Abraham: Now, we still use fixed income and [...]
Here’s a great excerpt from Michael Burry’s Scion Capital 2001 Shareholder Letter in which he illustrates how investors can make 7x plus on their investment by valuing the entire business, not just the stock price: Q2 hedge fund letters, conference, scoops etc An Illustrative Situation The repercussions of the late 1990’s asset [...]
Here’s a great excerpt from an interview that Warren Buffett did with BizNews in 2017 in which he illustrates how investing is much like reporting. Buffett was asked the following question: Q2 hedge fund letters, conference, scoops etc When you’re doing these analyses, then and now, do you have computers that [...]
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of [...]
During his recent interview with Tobias, Tim Melvin, who is a 31 year veteran of the financial services industry, discusses how the Graham Two Factor Model still provides great returns today. Here’s an excerpt from the interview: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot Tobias Carlisle: Right. [...]
During his recent interview with Tobias, Adrian Saville, CEO and founder of Cannon Asset Managers in South Africa, discusses the four attributes necessary to create a successful ‘SuperDogs’ portfolio. Here’s an excerpt from the interview: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot Adrian Saville: Sure, so the [...]
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