In many cases, pensions represent the lion's share of public debt, but they aren't the only part of government deficits taxpayers are on the hook for. Now a new study examined public debt levels for the 10 most populous cities in the U.S. based on a combination of state [...]
For the first time in five years, iron-ore prices surpassed $100 a ton on Friday, and Carlson Capital Portfolio Manager Richard Maraviglia believes it's a "bubble ready to burst." Friday's high was largely driven by expectations for increased steel production in China and concerns that there will be another [...]
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Q1 hedge fund letters, conference, scoops etc There is simply no proof that outcomes have improved, or that risks have diminished from the proliferation of new ETF products. Instead, this has been little more [...]
If you own some Singapore shares, an emerging markets fund, a U.S. ETF, and some bonds, you might think your portfolio is well-diversified. But it’s probably not. Q1 hedge fund letters, conference, scoops etc rawpixel / Pixabay I’ve talked before about investing in assets with low correlations. When two assets have a [...]
Co-CIO Francis Gannon on what increased volatility, lower returns, and low interest rates mean for the small-cap market. Q1 hedge fund letters, conference, scoops etc User:klip game [Public domain], via Wikimedia Commons What’s your perspective on where we are in the small-cap market? One of the more interesting aspects of the market this [...]
Criticizing the euro and the monetary policy of the European Central Bank (ECB) is often left to opponents of the EU today. Being unquestionably pro-euro is among the prerequisites in political discussions to be seen as pro-European; any doubts are not part of allowable opinion. Q1 hedge fund letters, conference, [...]
The trade-war-escalation is a decidedly negative gear shift for has been a looming "tail risk" for markets. And I use that decidedly overused term very lightly, as a tail risk is supposed to be something out of left-field, rather than something that's been a source of constant focus and [...]
When most people think about oil and natural gas, the first thing that comes to mind is the gas in the tank of their car. But there is actually much more to oil’s role, than meets the eye… Q1 hedge fund letters, conference, scoops etc Oil, along with natural gas, has [...]
Throughout 2018, the firm’s first year of operations, Lightsail Capital’s flagship investment fund, Lighsail Partners, outperformed its benchmarks, the S&P 500 and Russell 2000 by 14.3% and 22.1% respectively net of all fees and expenses. Q1 hedge fund letters, conference, scoops etc rawpixel / Pixabay Lightsail’s run of positive performance has continued [...]
Uncle Sam doesn’t give out too many freebies when it comes to tax time, except in the form of retirement plans. Q1 hedge fund letters, conference, scoops etc RitaE / Pixabay Surprisingly, not many people take advantage of them. Only 41% of people contribute to a 401(k) when they have the option to [...]
Even the best investors have bad days. Q1 hedge fund letters, conference, scoops etc Warren Buffett is no exception. In February, he watched one of his biggest acquisitions quickly sour. I’m talking about Kraft Heinz, an American food giant that makes everything from ketchup to Oscar Mayer hot dogs to Kool-Aid. The stock [...]
This article was inspired by a talk that our friend Adam Sebba at Cookson Adventures gave in Azerbaijan last month. The text and slides are available towards the end of this article. Thank you, Adam, for a highly engaging discussion! Q1 hedge fund letters, conference, scoops etc MIOTRAN / Pixabay Evolving Social [...]
You’ve likely heard of the term “income inequality.” It means wealthy people are making a larger share of our collective income. Q1 hedge fund letters, conference, scoops etc In one sense, it’s nothing new. The people with the highest incomes have more of the total. Math guarantees it. But the top’s share has [...]
It should now be clear that the war with China is not limited to the trade war—that it is open to other types of wars. Wednesday’s actions by the Trump administration show that cutting off items that are needed by the other country (“sanctions”) is now on the table so [...]
Carlson Capital's Black Diamond Thematic fund was up 0.63% net for the first quarter. The fund continues to see tech as expensive and the Fed overly friendly. Q1 hedge fund letters, conference, scoops etc StockSnap / Pixabay Buy more tech? In his letter to investors dated March, which was reviewed by ValueWalk, Portfolio [...]
Last year ended with a bang for the venture capital market. According to the Q4 2018 Cooley Venture Financing Report, deal volumes and aggregate dollars invested at the end of last year, reached "historical highs," but the elevated level of activity did not continue on into the first quarter [...]
ValueWalk's Raul Panganiban interviews Kyle Bass, the founder and chief investment officer of Hayman Capital Management. Q1 hedge fund letters, conference, scoops etc Transcript Raul: Good morning, listeners. Today is a very special episode with Kyle Bass, the founder and chief investment officer of Hayman Capital Management. Hayman Capital focuses on global [...]
Global Return Asset Management update for the month of May 2019, discussing navigation through the market's volatility. Q1 hedge fund letters, conference, scoops etc Mediamodifier / Pixabay Q1 hedge fund letters, conference, scoops etc Dear Friends and Partners, Earlier this week when we sent our April results we promised to send a more expansive [...]
'Three Simple Methods of Common Stock Selection' was one of Benjamin Graham's last ever articles. Published in the mid-1970s covered a study conducted by Graham during the period 1960 to 1972. During this time frame, he analyzed the performance of the three simple strategies for picking stocks, all of [...]
Introduction I find it serendipitous that after just completing a 19-part series on how highly valued the general market is, I get the pause that refreshes. Now please don’t read more into my words than are being offered. I still believe that the market at large is fully valued. Consequently, [...]
Part one of our interview with Peter Mantas and Matthew Castel, the General Partners of Logos LP. In this part they talk about their investment approach and philosophy, screening process and how they manage risk. See part two here. Q1 hedge fund letters, conference, scoops etc flodambricourt / Pixabay Peter Mantas and Matthew [...]
Uber's IPO is the biggest IPO since Facebook (FB) went public in 2012. Q1 hedge fund letters, conference, scoops etc freestocks-photos / Pixabay It marks the first time individual investors can buy this beloved company. IPOs carry a special allure. Investors dream of “getting in on the ground floor” and riding the stock [...]
