Tag Archives: Risk

There’s Always Something to Do

Christopher Risso-Gill has written a biography of Canadian Peter Cundill, legendary value investor of the Cundill Value Fund. In it, Gill quotes Irving Kahn–another legendary value investor: “There’s always something to do. You just need to look harder, be creative … Continue reading

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One Lesson that Starbucks Can Teach Us

Howard Schultz, CEO of Starbucks, has a lesson for investors in Salesforce.com and Netflix:   After decades of breakneck expansion under Mr. Schultz, tight-fisted consumers abandoned it. The company’s sales and share price sank so low (between December 2006 and December … Continue reading

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Santangel’s Review…

…is a publication that tries to identify excellent, unknown investment managers. I have placed a link to their website in the resources section to the right. In the comment below they wonder how many David Einhorns there are who never got the … Continue reading

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Howard Marks’s Latest Memo and New Book

Howard Marks has a new book coming out according to his latest memo, which can be found in the resources section in the right hand margin. But, I knew that already because I am scheduled to review the book for … Continue reading

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Excerpts from Seth Klarman’s 2010 Letter to Limited Partners

Readers of this blog know that I believe Seth Klarman, portfolio manager at the hedge fund Baupost Group, is one of the greatest investors of our generation. We share so many of the same views as Klarman that I consider us the … Continue reading

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Gates and Buffett at Columbia’s Graduate School of Business 4Q 2009 (Video)

This is old, but it is a timeless clip. I watched this meeting live and thought it well done, but it is amazing how much wisdom you can find in a few minute clip from a 90-minute event. Buffett makes … Continue reading

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Howard Marks on Risk (in Jason Zweig’s 2/12 Intelligent Investor Column) and Montier on the Risk and Return Characteristics of Value vs. Growth Companies

Howard Marks had been writing outstanding letters to his investors for years. I have read almost every one of his letters since and found that they are filled with fantastic investing common sense. Howard Marks has also been delivering great … Continue reading

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The Brandes Institute’s Latest Research; BI Added to the Value Investing Resources List

The Brandes Institute is a subsidiary of value-investing firm Brandes Investment Partners and it publishes investment research in academic and professional journals as well as on its website. I have included a link to their research in the Value Investing Resources … Continue reading

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Controversy in the World of Index Investors

Is Your Index Fund Broken? Smart Money By the Numbers by Jack Hough Published January 31, 2011 The Journal of Indexes gives academic treatment to bland investments, and so might not seem a likely source of hot controversy. The latest … Continue reading

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“Who Wants to be the Mayor (in China) who…

…reports that he didn’t get 8% GDP growth this year…nobody wants to come forward with that.” –Patrick Chovanec, Profesor, Tsinghua University (at 2:17 in the video below): This is my favorite explanation for the rise of several ghost cities in China … Continue reading

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