We’re Number One — literally. Q2 hedge fund letters, conference, scoops etc cocoparisienne / Pixabay At least when it comes to oil. Domestic production accounted for 98 percent of global production increase last year, according to the latest issue of British Petroleum’s Statistical Review of World Energy (2019). The United States is also [...]
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Q1 hedge fund letters, conference, scoops etc By Andyhill8 (Andy Hill) [Public domain], via Wikimedia CommonsAs the financial services industry continues to evolve in the face of regulatory changes, fee compression and shrinking margins, [...]
Big words sound smart. Q2 hedge fund letters, conference, scoops etc Kapa65 / Pixabay Said differently, intellectual competence is positively correlated with the complexity of one’s vocabulary. Readers assume that the more difficult a passage is to read the more competent it must be. Think about how silly that is for a moment. This [...]
In “Your Complete Guide to Factor-Based Investing,” Andy Berkin and I presented the evidence demonstrating that momentum, both cross-sectional (or relative) momentum and time-series (or absolute, trend following) momentum, not only increases the explanatory power of asset pricing models while providing (historically) a premium, but that the premium has [...]
Notes from the US Value Panel featuring Harris Associates' William Nygren, Robotti & Company's Bob Robotti, JPMorgan's Clare Hart, Miller Value Partners' Samantha McLemore, and First Manhattan Co's Himayani Puri and Leonard Berman from the 2019 Ben Graham VI Annual Conference, which took place on Wednesday, June 19. See the full [...]
Summary In this episode of The Acquirer’s Podcast Tobias chats with Peter Simpson-Morgan, a legendary Australian fund manager who ran Perpetual managing $13 billion dollars until he started his own firm 452 Capital. Peter provided some great insights into: Image source: YouTube Video Screenshot Q1 hedge fund letters, conference, scoops etc The Differences [...]
Why we are bad at probabilities and worse at understanding consequences? Q1 hedge fund letters, conference, scoops etc erik_stein / Pixabay A client came to me recently with a net worth well over $10 million. He had enough money to support his family’s desired lifestyle for the rest of their lives, but [...]
It's one of the rules of electoral success: advocate policies that concentrate the benefits on an easy-to-identify interest group (preferably one that is sympathetic in the public eye) and disperse the costs onto the entire electorate. It's how we get Coke sweetened with corn syrup rather than actual sugar. [...]
Within the hierarchy of precious metals, there is only one metal that could arguably stand above gold, and that is platinum. Q2 hedge fund letters, conference, scoops etc This is due in large part to the metal’s rarity throughout history. Its earliest known use was on the Casket of Thebes in [...]
I’ve been getting lots of questions about whether Treasury inflation-protected securities (TIPS) are a good investment, with the yield at just 0.32% on the five-year. To answer the question of whether TIPS are cheap or expensive relative to Treasuries, I’ll discuss how to make the determination of whether to [...]
I’ve been following the retailer GameStop (GME) on and off for a couple years now. It’s trading at $4.80 a share with a market cap of $490m. The stock has been in free fall for a couple years now. It did stabilize for a bit last year when they [...]
DoubleLine Infrastructure Income Fund July 2019 webcast hosted by Andrew Hsu and Damien Contes, titled, Growth through Evolution. Q2 hedge fund letters, conference, scoops etc Landscape for Infrastructure Funding Public Spending on Transportation and Water Infrastructure, by Level of Government 1956 to 2017 Source: DoubleLine, Congressional Budget Office Existing Facilities - PPP Concession Design-Build-Finance-Operate-Maintain (DBFOM) [...]
Dan Rasmussen founded Verdad Capital in 2014, and since then he's quickly established himself as one of the industry's rising stars. In 2017, he was named to the Forbes 30 under 30 list. Q2 hedge fund letters, conference, scoops etc Verdad specializes in applying a private equity model to public markets. [...]
For most people, the idea of becoming a subordinate business partner is rather unpalatable. Nobody wants to be second in line to anything, especially if they consider themselves to be quite good at what they do. Q1 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive [...]
ValueWalk's Raul Panganiban interviews Brian Boyle, CFA, the president and portfolio manager of Boyle Capital, and Erik Ritland, CFA, the research analyst at Boyle Capital. In this part Boyle and Ritland discuss their value investing approach, if value investing is dead, Buffett's purchase of Amazon, and IPOs like Uber. See [...]
What have I learned so far? Q1 hedge fund letters, conference, scoops etc SUMMARY There is consistency in the performance of the Value factor across markets and asset classes Allows to create a coherent framework of how to think about Value Suggests a global driver of factor performance INTRODUCTION Our research aims to educate investors by [...]
Farnam Street letter to investors for the month of July 2019. Q2 hedge fund letters, conference, scoops etc Let’s Make a Deal The TV game show Let’s Make a Deal first aired in 1963, with the beloved Monty Hall serving as host for nearly 30 years. The final segment of every show [...]
Notes from the 2019 Ben Graham VI Annual Conference, which took place on Wednesday, June 19. The Ben Graham VI Annual Conference is the latest installment of CFA Society New York’s serialized, marquee event. The full-day conference features panels on the current state of value investing—both domestic and international—challenges [...]
ValueWalk's Raul Panganiban interviews Nelson Wu, the founder of OpenSquare Capital, discussing topics ranging from insider trading at Allergan, views on activism, current state of the oil and gas sector, oil equities recovery and much more. Q2 hedge fund letters, conference, scoops etc Goumbik / Pixabay Interview With Nelson Wu Transcript Good morning podcast [...]
Medtronic plc (MDT) develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. Q1 hedge fund letters, conference, scoops etc Last week, the company raised its quarterly [...]
When I look back at some of our early letters, it’s possible that they could have been written by Dr. Fox. But over the years, I think I’ve gradually found my voice. I’ve learned to write like I talk and like I think. Being simple-minded is helpful in this [...]
Predictive Technology: 95%+ Downside on CEO and Former Chairman’s Past Securities Fraud Allegations, Acquisitions That Reek of Insider Self-Dealing and Dubious “Miracle Cure” Sales Tactics Q2 hedge fund letters, conference, scoops etc Predictive’s key original holders and recent Chairman/director have previously been charged by regulators with securities fraud, including allegations of [...]
