Monthly Archives: October 2011

Terrific Value – Long Road

SEI Investments _________________________________________________ The opinions expressed herein are those of Cove Street Capital are subject to change without notice. Past performance is not a guarantee or indicator of future results. You should not consider the information in this blog a recommendation to buy or sell any particular security. These securities may not be in your account by the time you receive this report, or may have been repurchased for your account. You should not assume that any of the securities […]

Green Jobs vs. Green Cards

The Kaufman Thoughtbook

Interpreting Performance Attribution

Old Ideas that Require Repeating in Regard to Hiring a Money Manager

In Memory of Steve Jobs

This is a prepared text of the Commencement address delivered by Steve Jobs, CEO of Apple Computer and of Pixar Animation Studios, on June 12, 2005. Reprinted from the Stanford Report. I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I’ve ever gotten to a college graduation. Today I want to tell you three stories from my […]

The VIX World of Difference

The VIX is the Chicago Board of Options (CBOE) Volatility Index and regardless of what it was intended to do, what it does do is offer a measure of investor fear and loathing. The higher the number, the more the investor is freaking out over any number of today’s global maladies.  For some perspective, in the calm before the storm, it traded in the low 20’s. During the Bear Stearns funding crisis of March 2008, it hit 32.24. When the […]

In a Zero Hedge World, Investors Must Stay Nimble

by Ben Claremon All European banks are insolvent! Germany is going to leave the Euro! The US is going to default on its debt obligations! Any investor who has spent time trolling the internet—especially the blogosphere—or listening to talking heads on TV has likely been exposed to similar alarmist statements. In these strange times it is not even hard to find people who think that buying guns, gold coins and canned food is the best capital allocation strategy. Even slightly […]