FPA Capital Fund letter to shareholders for the third quarter 2014.
Is the market finally correcting the recent excesses of stock valuations, particularly in the small-mid-cap area? The admittedly arbitrary... Read More
Investors underestimate the negative consequences of high environmental, social and governance (ESG) risks, and underreact to prior negative ESG events. High ESG risks destroy shareholder value.
Q2 2020 hedge fund... Read More
Ariel Focus Fund 2Q16 Commentary
For the second quarter in a row, investors will likely remember the harrowing ride better than the end result. That is, domestic stocks posted... Read More
Allan Mecham's Arlington Value Capital portfolio commentary for the fourth quarter 2014.
Also see Part I here: Allan Mecham's Arlington Value Capital 2014 Annual Letter
Allan Mecham unloads Berkshire Hathaway
We unloaded most... Read More
One time money manager Meredith Whitney has a new role in the financial services industry that will test different muscles in her portfolio management skill set.
Meredith Whitney to execute... Read More
A few weeks ago, China made a “dangerous” and “undesirable” announcement… at least, according to the western media.
On that day, China’s National People’s Congress announced that it had voted... Read More
Fund managers are overwhelmingly bearish on the outlook the markets and prefer cash over low yielding equivalents, that’s the key takeaway from Bank of America Merrill Lynch’s weekly Global... Read More
Creating a low-cost auto insurance company that sells to those who traditionally can’t afford coverage and then employing cost-effective tactics when it comes time to payout claims has been... Read More