As the likelihood of Greece exiting the euro keeps going up, hedge funds that had been attracted to low equity prices and high yields in the past few years will have to manage the fallout (or those that haven’t already left, anyhow). In its weekly brief, Lyxor Asset Management takes stock of its Greek exposure and decides that its positions are ‘moderate and reasonably hedged’.
Herbalife Ltd. (NYSE:HLF)'s stock price had been recovering in recent weeks after bulls got over the initial shock that the Federal Trade Commission has launched a probe into the... Read More
“The Chinese and Japanese current account surpluses have fallen noticeably, and the US current account deficit has narrowed too. However, the euro area (EA) has a growing surplus, and... Read More
Irving Kahn is a centenarian and a Wall Street institution in his own right. Few investors can lay claim to have witnessed the vicissitudes of the markets as he... Read More
In this Jeff Bezos interview (1 hour and 9 minutes) the Amazon CEO quotes from Warren Buffett and explains why he bought the Washington Post which is now profitable... Read More
On his recent Caltech Webinar, Charles Munger provided some great insights into the lifespan of today’s high-tech companies. His belief is that while these companies will enjoy success for... Read More
Obscurity suits most in the network just fine. Short sellers, many of whom were interviewed for this story, insist on maintaining a low profile. They feel that speaking out... Read More
Famous short seller Jim Chanos, founder of Kynikos Associates, is short certain components of the energy sector and finds his best short opportunities are found in the US with... Read More
Joel Greenblatt is an investing legend thanks to his evaluation work. His flagship book, The Little Book That Beats the Market, set a new standard in valuation by making... Read More
S&C Messina Capital Investments semi-annual letter for the first half ended June 30, 2016. Also see S&C asks the hard question, where did Warren Buffett’s investment capital at Berkshire Hathaway come... Read More
Tweedy, Browne Fund letter to investors for the half year ended September 30, 2017. Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF.... Read More
