The Terms Behind The Unicorn Valuations by Barry Kramer, Michael Patrick and Nicole Harper, Fenwick & West Background There has been much discussion about the high valuations of venture backed companies,... Read More

Michael Mauboussin is the author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing (Harvard Business Review Press, 2012), Think Twice: Harnessing the Power of... Read More

Pershing Square has announced its intent to sell seven million shares or 29 percent of its stake in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) over the next six to twelve... Read More

Activist investor Carl Icahn bought 1.9 million shares of Navistar International Corp. (NYSE:NAV), issued in a bid, to ease financial concerns. Icahn used five of its investment funds to... Read More

Devonshire Research Group presentation on Tesla Motors discussing their short position in the stock. Notice of investment interests in Tesla Motors As of the publication date of this report, the Principals... Read More

It won’t be possible to gauge the full effect of Brexit on the UK’s economy for several months until the official figures for third quarter growth are released and... Read More

Absolute Return Letter: The Real Burden Of Low Interest Rates by Absolute Return Partners “The situation is desperate but not serious.” Old Viennese saying The ceteris paribus enigma One of the questions I... Read More

Source: Pixabay A top under the radar quantitative fund manager turned in generally positive performance across three fund lines in October, delivering under 1 percent in each strategy, according to... Read More

A case study of Warren Buffett and Charlie Munger's investment in and management of Blue Chip Stamps that includes letters from 1978 to 1982 (final letter before merger with... Read More

Two of the United States’ biggest banks scored a hit and a miss on earnings Tuesday, but analysts remain quite positive across the board. Both JPMorgan and Wells Fargo reported second... Read More