Jeff Auxier on the Value of Cumulative Research

Jeff Auxier, Auxier Focus Inv (MUTF:AUXFX)– 'Value of Cumulative Research (Over Time)' Jeff is the founder and portfolio manager for Auxier. * Influences: o Call to Buffett in 1982 o Graham - 'The Intelligent Investor', SEC Filings, Annual reports o Templeton - 'The Humble Approach' o Fisher - 'Conservative Investors Sleep Well' o Robert Pamplin - Pres. [...]


MF Global Customers Seeking Payment Feel Inequity

While some MF Global customers are slowly getting their money back, there appears to be a divide. According to The Wall Street Journal,  not all customers are created equal. Andrew McCormick, a 27-old Seattle-based commodity-fund manager, had about $480,000 with MF Global at the time of its October implosion. His [...]


Sam Zell's Advice on Investing in Emerging Markets

  Following the panel discussion that included Rosenberg, Kaletsky and Ritholtz, Sam Zell took to the stage at the 65th Chartered Financial Analyst Conference in Chicago. Sam Zell is the Chairman of Equity Group Investments and is renowned for his success in the American and international real-estate markets. Zell began with [...]


AmEx Gold and Your Credit Rating

  It’s no secret that you must have a great credit rating to be considered for a card like the American Express Gold. So many people don’t even truly know their credit score, view their credit reports, or have an idea what it all means. The first thing you need to do [...]



Monday is seeing a variety of different M&A activity.  For instance, Martin Marietta Materials Inc. (NYSE:MLM) said that they were going to appeal a court ruling that would is preventing them from a hostile takeover for rival Vulcan Materials Co. (NYSE:VMC).  Next, we see Westlake Chemical Corp. (NYSE:WLK) announced [...]


ABC and Univision To Create News Channel Aimed At Hispanics

  ABC News has announced a plan to create a new platform aimed at Hispanics in the United States in a joint effort with Univision. The new effort is expected to encompass media across several platforms based on television but including social media and web platforms. The television platform is expected [...]


Gold to Hit $3,000 an Ounce – David Rosenberg

Today at the 65th Annual Chartered Financial Analyst (CFA) Conference in Chicago, David Rosenberg provided insight into the future of bonds and gold as a part of a panel discussion on the impacts of the world debt crisis. Rosenberg, from Gluskin + Sheff Associates, was joined by Barry Ritholtz (Fusion IQ) and [...]


Earnings Roundup: CTSH, DISH, SYY, TSN

Our summary of important earnings reports released this morning. Cognizant Technology Solutions Corp. (NASDAQ:CTSH) increased its net profit for the quarter by 17% year on year but dampened its outlook for the rest of 2012. The company announced earnings per share of 79 cents on revenue of $1.71 billion. The company [...]


Pat Dorsey: Using Moats to Improve Returns

  Pat Dorsey, Sanibel Captiva Trust – Using Economic Moats to Improve Investment Returns Pat is an author of The Five Rules for Successful Stock Investing, The Little Book That Builds Wealth and Vice Chairman, and Director of Research at Sanibel. Sanibel has about $600M under management • Capitalism works - High profit operations attract [...]


Monday Morning Market, Economic and Company News

Every morning we put out a news report with the latest news in global stock markets, company news, and global economic news. Morning Market Update   Market Levels US:  Dow Futures: 12901.00 (-0.43%), S&P 500 Futures: 1358.30 (-0.31%), NASDAQ Futures: 2617.00 (-0.32%) Europe: CAC: 3173.13 (0.35%), DAX: 6525.15 (-0.56%), FTSE: 5655.06 (-1.97%). Asia-Pacific: Australia: 4301.30 [...]


Larry Pitkowsky & Keith Turner on “Back to the Future"

Keith Turner & Larry Pitkowsky  -- GoodHaven Capital Management “Back to the Future” Prior experience at Bruce Berkowitz's Fairholme fund (MUTF:FAIRX) Goals: Above average returns Batting average crown – not the home run derby Consistent behavior irrespective of short term performance Expect the Unexpected –they tend to keep cash around 20% or so Need to have the liquidity to [...]


Albert Yong & Chan Lee – Korea: A Goldmine for Value Investors

“Korea: A Goldmine for Value Investors” Based out of South Korea, Seoul, Korea Ben Graham Disciples South Korea is the size of Maine, but has a population of 49 million Believes there is no threat from North Korea Attacks from N. Korea have shown no effects Why Korea? Korea grew 3.6% last year. Shift in household asset [...]


Bruce Zessar & Matthew Swaim on the Value of Dividends

Intelligent Decisions with Shareholder Capital: The Value of Dividends and Buybacks – Bruce Zessar & Matthew Swaim, Advisory Research Founded in 1974.  $9.1 billion AUM.  New funds - Advisory Research Global Value (MUTF:ADVWX), Advisory Research All Cap Value (MUTF:ADVGX) and Advisory Research Intl Small Cap Value (MUTF:ADVIX).  Invest in the business, [...]


Tom Russo on Capacity to Suffer – Global Value Investing

  Capacity to Suffer – Global Value Equity Investing – Thomas Russo,GardnerRusso & Gardner Ideas:  BRK/A, NSRGY, Pernod Ricard, SABMiller Risk of agency cost as an outside shareholder – Family controlled family.  Dedicated and patient management adds value. Focus: Discount to intrinsic value Grow Management that is willing to invest behind such growth even when it [...]


David Nierenberg 3X Upside for Superior Energy

David Nierenberg & Cara Jacobsen (The D3 Family Funds) Involved in for 13 – 14 years.  They like busted growth companies.  Take a 10% stake.  Collaborative way with management.  Intrinsic value about 5 years out. Superior Energy Services, Inc. (NYSE:SPN) is their investment idea. An undervalued growth opportunity in domestic land, offshore, and [...]


Cara Denver Jacobsen Likes Tam Airlines

Cara Denver Jacobsen, Nierenberg, D3 Family Funds– 10 Years in Micro Cap Land Cara is a portfolio manager at the fund. • D3 Funds o Typically hold 8-12 stocks o Typically hold 6-7 years o Seek growth – not cigar butts o 3 year lockup o Micro caps are least efficient; they look for ‘insight information’ o [...]


Berkshire Hathaway, Markel, and VIC Coverage (Updated)

We have provided extensive coverage of the Berkshire Hathaway Inc. (BRK.A) (BRK.B) annual meeting with extensive coverage on Warren Buffett, Charlie Munger, and more. We also posted notes from some speakers at Robert Miles Conference. More will be posted today and tomorrow. Additionally we posted notes from Tom Gayner's Markel conference. Finally, we [...]


Berkshire Could Spend $10 Billion On Its Next Buy

Reuter's Ben Berkowitz reported this evening that Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) would be open to an acquisition worth in the region of $10 billion going forward. The company is holding its annual meeting today. The report is sourced from an exclusive meeting between the Reuters correspondent and Berkshire's CEO Warren [...]


Q&A Session With Warren Buffett And Charlie Munger [NOTES] P-2

Below is the Part-2 of Questions and Answers session that was held today in Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) Annual Shareholders meeting. Questions include: Cash Decisions Made, Float Shrinking, Google, Apple & IBM, Risk Of Political Issues, Super PAC etc. Link To Part 1 of Q&A Session How are cash decisions [...]


Apple Not A Buy Says Buffett

  Warren Buffet, speaking at the annual conference of Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) in Omaha Nebraska, has said he does not consider Apple Inc. (NASDAQ:AAPL) a buy for his company. He added that Google Inc. (NASDAQ:GOOG) was in the same boat in his estimation. As Buffett still accounts for much [...]


Buffett's Berkshire Hathaway Annual Meeting: Q&A Session [NOTES] P-1

Below is the Part-1 of Questions and Answers session that was held today in Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) Annual Shareholders meeting. Questions include: Next CEO of the company, Investment in China, Stock Buybacks, Acquisitions, Warren Buffett's health etc. Carol Loomis - first question to shareholders talked about the heavy [...]


Berkshire Hathaway Annual Meeting Movie: Clips That Are Played

Below is the series of clips that are played in Annual Shareholders Meeting of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) today. Warren Buffett starred as the hero of the movie. Movie Started.. Place is packed! Everyone got See's butterscotch candy on their chair when they came in. The continental breakfast was also [...]

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