We’ve just been re-reading Michael Burry's MSN Case Studies in which Burry provides some great insights into what investors should do after suffering a loss saying: Q3 hedge fund letters, conference, scoops etcHow to get even An outsider might find investors’ thinking odd. Presented with new money to invest, most set goals of [...]
Here’s some classic Munger wisdom on ‘gold’ as an investment: Q3 hedge fund letters, conference, scoops etc“I think gold is a great thing to sow into your garments if you’re a Jewish family in Vienna in 1939 but, I think civilized people don’t buy gold, they invest in productive businesses.”(Source: [...]
We’ve just been listening to a great interview by Meb Faber with one of our favorite value investor’s – Steve Romick, Portfolio Manager for the FPA Crescent Fund. During the interview Romick explains how value investing has morphed from the days of Graham and Dodd saying: Q3 hedge fund letters, conference, [...]
Here’s a great video with Joel Greenblatt at the CFA’s Distinguished Speaker Series. During the presentation Greenblatt recounts the story of how he was able to explain the stock market and value investing to a ninth grade class, using a big jar of jellybeans. Greenblatt says: Q3 hedge fund letters, [...]
Here’s a great compilation on reading habits and books by Warren Buffett and Charles Munger. Our favorite quote from the video is when Munger is asked how he was able to concentrate and balance his reading with so many children around when his family was younger. His response is: Q3 [...]
We’ve just been re-reading Peter Lynch’s classic book – One Up On Wall Street. In it, Lynch provides 27 timeless investing lessons. Here’s an excerpt from the book: Q3 hedge fund letters, conference, scoops etcSometime in the next month, year, or three years, the market will decline sharply Market declines are great [...]
Here’s a great interview with Stanley Druckenmiller speaking to Bloomberg’s Erik Schatzker in which Druckenmiller provides his thoughts on the economy, stocks, bonds, trump, algos, and the Fed. Q3 hedge fund letters, conference, scoops etcDruckenmiller was asked what sort of personality you have to have to be a successful investor. [...]
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 [...]
Here’s a great little video in which Charles Munger is discussing why investing in shares is better than investing in real estate. Munger says: Q3 hedge fund letters, conference, scoops etc“The trouble with real estate is that everybody else understands it, and the people who you’re dealing with and competed [...]
We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Q3 hedge fund letters, conference, scoops etcCharles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every [...]
Here’s a great article at Forbes about a new generation of activist shareholders: Q3 hedge fund letters, conference, scoops etcHistorically, large institutional investors pursued purely financial strategies and kept a low profile in governance. This may no longer be the case. In a manner vaguely reminiscent of the corporate raiders [...]
In this short interview Charles Munger explains how he made four or five hundred million dollars from just two decisions: Q3 hedge fund letters, conference, scoops etc“I talked about patience. I read Barron’s for fifty years. In fifty years I found one investment opportunity in Barron’s. I made about $80 [...]
Here’s a great podcast with Jeremy Grantham chatting to Barry Ritzholt at Boomberg. When asked about the difference between investing forty years ago compared with today he said: Q3 hedge fund letters, conference, scoops etc“The world was so straight forward forty years ago. There was such a limit on the [...]
We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Q3 hedge fund letters, conference, scoops etcCharles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every [...]
Here’s a great lecture with Alexander Roepers asking thequestion – “Is it time for Value now?”:Image source: YouTube Video SCreenshot(Source: International Value Investing Conference)For more articles like this, check out our recent articles here.Article by The Acquirer’s Multiple
In his book – The Little Book of Behavioral Investing, James Montier wrote a great passage on how investors can identify and protect themselves from becoming victims of Wall Street’s self-serving biases. Q3 hedge fund letters, conference, scoops etcHere’s an excerpt from that book: So much for nature. Nurture also helps [...]
Here’s a great little video by Daniel Kahneman on the trouble with confidence. Kahneman makes the point that from a societal perspective confidence is generally very good, but from an individual’s point of view confidence is typically not always good. Q3 hedge fund letters, conference, scoops etcHere’s an excerpt from [...]
Just been re-reading Charles Mungers’ classic speech – A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business. In it Munger provides some great insights into what happened to the net net stocks popularized by Ben Graham. Q3 hedge fund letters, conference, scoops etcHere’s an excerpt [...]
We’ve just been reading Seth Klarman’s latest speech at the Harvard Business School. During the speech Klarman provides some great insights into the problems with a short-term orientation in investing. Q3 hedge fund letters, conference, scoops etcHere’s an excerpt from the speech: Consider corporate time horizons. It’s a choice to attempt [...]
We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Q3 hedge fund letters, conference, scoops etcCharles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every [...]
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 [...]
One of the best articles ever written about the ‘Great Recession’ is Charles Munger’s – Parody Describing The Contributions of Wantmore, Tweakmore, Totalscum, Countwrong, and Obvilious To The Tragic ‘Great Recession’ in Boneheadia and The Thoughts of Some People Relating To The Disaster. Q3 hedge fund letters, conference, scoops etcWhile [...]
