The practice of companies using their own, non-GAAP accounting standards to spin earnings is nothing new. But did last week's statement from Target Corporation (NYSE:TGT) go too far? The Minneapolis-based retailer’s spokesman Eric Hausman was quoted as saying it will exclude from its accounting statements costs from a recent technology breach where 40 million of its customer credit and debit card accounts were hacked and customer’s private information stolen.
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
What should you do when you see a surfeit of the words “I, me and myself” in a company’s annual reports? Sell the stock because that indicates some psychopathic... Read More
The Lindy Effect: The expected remaining life of an item is proportional to its past life.
Q2 2020 hedge fund letters, conferences and more
“The Lindy effect is one of the... Read More
At a meeting with the major financial regulators today, President Obama urged them to take forceful action on the unfinished business of the Dodd Frank Act. They need to... Read More
ValueWalk's Raul Panganiban interviews Jim Osman, the founder and CEO of The Edge Consulting Group.
Q3 2019 hedge fund letters, conferences and more
Interview with Jim Osman
Transcript
Hello podcast listeners. Today's a... Read More
Chinese companies now hold $14.2 trillion dollars, more than even their American counterparts. On top of this, Hong Kong based companies own an additional $571 million. This companies with... Read More
ValueWalk's Raul Panganiban interviews Thomas Cole, CFA, CEO and Co-founder of Distillate Capital. In today’s episode we discuss value investing in the current environment and why you should look... Read More
Gary Klein's excellent book, "Seeing What Others Don't: The Remarkable Ways We Gain Insights" starts with a neat looking equation:
In other words, if you have to get better at... Read More
April 24, 2015 - Ethics in Governance Speaker Series at the New Hampshire Institute of Politics & Political Library (NHIOP)
Berkshire Beyond Buffett: The Enduring Value of Values
H/T Value Investing... Read More
Alpine Capital Research commentary for the first quarter ended March 31, 2019, titled, "A Historic Divergence."
Q1 hedge fund letters, conference, scoops etc
rawpixel / Pixabay
US markets ran hot in 1Q... Read More
Illiquid Assets Manipulation: The Ability To Profit From Derivatives Positions
K. Jeremy Ko
Securities and Exchange Commission
Igor Kozhanov
U.S. Securities and Exchange Commission
Sean Wilkoff
Cornerstone Research
February 24, 2016
Abstract:
We... Read More
