The sentence below was taken from a Thomson-Reuters report of a sale by another Netflix insider (the General Counsel) who has little skin left in the game.
During the past two years, Netflix Inc. insiders have made 110 sales totaling 1,246,976 shares for $161,146,649.
Netflix insiders were content to sell their shares for an average price of $129.23. The stock last… Continue reading
…see link to the right:
Especially since the publication of my book, people have been asking me for the secret to risk control. “Okay, I’ll read the 180 pages. But what’s really the most important thing?”If I had to identify a single key to consistently successful investing, I’d say
Great investors tend to focus on investing in one company at a time (bottom up) and ignore macroeconomic and macro-market forcasts (top down), but the CAPE and Tobin’s Q ratio are remarkably good at predicting long-run returns for the US equity market.
From Mark Hulbert’s US Stocks View column in today’s Dow Jones NewsPlus:
(I)t’s hard to slice and dice the data in a way that… Continue reading
Today, Bob Iger:
Disney CEO Bob Iger said today at D9 to expect a new Disney.com content site within a year.
This “uber network” for the Walt Disney Company will be a home “for people to consume our content directly,” Iger said.
The site will have gaming and streaming video… Continue reading
Securities borrowing costs can be a problem when trying to short clearly overvalued businesses (from a Dow Jones NewsPlus story today):
The average wholesale rate to borrow LinkedIn was 86% on Tuesday, Astec’s data show. This means that hedge funds seeking to sell the stock short may have had to pay as much as 181% on an annualized basis to borrow shares, according to the… Continue reading
I am sorry for the dearth of posting. Between tax season and attending the CFA Institute’s Annual Conference in Edinburgh, I had little time. A review of Greenblatt’s book can be found here: http://post.nyssa.org/nyssa-news/2011/05/book-review-the-big-secret-for-the-small-investor.html
Also on the Post, an interesting analysis by Joseph Calandro, Jr.: http://post.nyssa.org/nyssa-news/2011/05/suggestions-for-modern-security-analysts.html
I plan to write an analysis of the CAPE soon. Normally I do not pay much… Continue reading
From the Rational Optimist Blog to the right:
The Rational Optimist has won the Hayek Prize from the Manhattan Institute. I will be giving the Hayek Lecture when I accept the prize later in the year. The Hayek Prize honors the book published within the past two years that best reflects Hayek’s vision of economic and individual liberty. The Hayek Prize, with… Continue reading
I received Joel Greenblatt’s new book last week, The Big Secret for the Small Investor. I was able to devour it in a few hours and The Finance Professionals’ Post agreed to let me review it. Greenblatt is the master at writing pithy investment books with humor. I have read them all. Most are written as if… Continue reading
The Wall Street Journal published an interesting OpEd piece by Mark Spitznagle today. It described Benjamin Bernanke and Benjamin Graham’s conflicting views of markets.
Two disparate views of markets represent well the range of opinion among U.S. stock market participants today. One is a devout faith in market efficiency and the… Continue reading
