Joe Rosenberg has been investing for the Loews family in one capacity or another for almost fifty years. He said in today’s Barron’s that this is the best large cap, US equity investment opportunity he has seen in a long time. He believes that the situation in Europe will not cause big problems elsewhere and that things were worse before such as during the Cuban Missile Crisis.… Continue reading
Recent headlines from a popular news aggregation website:
Germany
told it must act to save Europe…
Impassioned
plea for continent to avoid ‘apocalypse’…
Warned
of ‘highly devastating outcomes’…
Just
days until collapse?
It is hard to believe the US market was up 3% despite these stories… Continue reading
I have added Hedge Fund Letters as a value investing resource even though some of the hedge fund managers there are not value investors. Most value investors who truly wish to be contrarian and invest only when there is a margin of safety have little choice but to use a hedge fund structure.
Attached is an excerpt from one such letter written by Paul D. Sonkin… Continue reading
…from the Chief Executive Officer of the CFA Institute:
Congressional Day Traders: Laws for Thee, But Not For Me | Market Integrity Insights
I am absolutely fascinated with the Tim Tebow story. Not the one about the vilified, overtly Christian athlete. No, I am fascinated with the countless stories of athletes like Tebow that experts said could not be successful, and then end up having one success after another. Spoiler alert: Tebow led the Broncos on a 95-yard touchdown drive in the final six minutes of the game tonight and finished
I have not received this edition yet, but I cannot wait to read the article. A machine that predicts the future? If enough people fall for that, value investors like me will make a mint.
Michael Lewis opens his latest book, Boomerang, which can be found in the bookstore above, with a vignette about his meeting in 2008 with Kyle Bass of Hayman Capital. He left the meeting thinking that Bass was a bit of a crank because Bass predicted the collapse of Europe and Japan under the weight of their crushing debt loads. It was Bass, apparently, who alerted an… Continue reading
Larry Fink of BlackRock is CNBC’s newest member of their “Masters of the Markets” club. “That and a dime will get you a phone call” was an expression used during the pay phone era to demonstrate that the recognition was worthless; its replacement would be something like “that and an iPhone with an unlimited calling plan will get you a phone call.”
Today, Fink made two claims about… Continue reading
