Tag Archives: Behavioral Finance

Prem Watsa, CFA

I used to own Fairfax Financial, which smartly shorted financial stocks and bonds–to the tune of several billion dollars–before they blew up. Here is an enjoyable interview of its CEO–Prem Watsa, CFA–who is a value investor who is sometimes referred … Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , , , , , , , , | Leave a comment

Whitney Tilson Had a Bad Month and is Having a Bad Year

I am somewhat surprised by this because I thought he was less than 50% net long. (Correction: Tilson made changes to the fund in August which resulted in the fund being 70% net long).  Covering his NFLX short may have hurt … Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , , , , , , | Leave a comment

NFLX News You Can Use

Netflix, Starz contract talks fail                  Date: Thursday, September 1, 2011, 2:46pm PDT http://www.bizjournals.com/sanjose/news/2011/09/01/netflix-starz-contract-talks-fails.html?s=print Diana Samuels Reporter – Silicon Valley / San Jose Business Journal Netflix Inc. and Starz Entertainment have failed to reach an agreement in their contract talks, Starz … Continue reading

Share
Posted in Uncategorized | Tagged , , , | Leave a comment

Frank Stonach Meets John Galt

It is rare to hear the Chairman of the Board of a public company publicly trash government bureaucrats, especially one from a car part manufacturing company, which is heavily dependent on government regulatory approvals. But, here is Frank Stonach, Chairman of Magna, an … Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

Why are there Few Entrepreneurs?

Two recent Wall Street Journal pieces highlight our current poor economy. The first recognizes that entrepreneurship is on the decline. Shrinking in a Bad Economy: America’s Entrepreneur Class By JOHN BUSSEY Imagine a small airstrip where single-seat Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , | Leave a comment

I am a Proud Member of the “I Don’t Know” School

I read the following in Howard Marks’s latest book (p. 138):  “Since the investors of the ‘I Know’ school, described in chapter 14, feel it’s possible to know the future, they decide what it will look like, build portfolios designed … Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , , , , , , , , , | 1 Comment

NFLX Getting “Hammered” After Hours; Is this the Walk of Shame?

We doubt that missing revenue forecasts by less than 1% is legitimate reason for hammering a stock, especially when its earnings beat by a fair amount. No, it looks more like the morning after an NFLX investor party. At the … Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Prem Watsa’s Thoughts on Current Macro Conditions

Prem Watsa is Chairman of Fairfax Financial, a Canadian P&C firm in the mold of Berkshire Hathaway. Prem is sometimes called Canada’s Warren Buffett. We held a profitable position in Fairfax for a while, but no longer hold any interest … Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

Another Disconnect w/r/t the Market

Narrowly focused company analysts are raising performance expectations for the businesses they follow while broadly focused market strategists and economists are lowering their estimates for market performance. One group is going to be wrong. David Dreman and many other value … Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment

A New Blogroll Link

I have added a link to Whitney Tilson’s Value Investing Letter to the blogroll today. The Letter has timely updates on value investors and investing ideas. The link to his value investing website shall remain in the Value Investing Resources section … Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , | Leave a comment