Monthly Archives: February 2012

Portable Nonsense

While this is a wonderfully snarky clip from the Economist, if I were paying “2 and 20” I am not sure I would think it’s so funny. It also seems to be a decent plug for Cove Street Capital Strategic Value – an absolute return, fee-based separate account. Go anywhere in global, public markets, no leverage, full transparency. _______________________________________________________________________ The following is reprinted from The Economist: Dear Investor, In line with the rest of our industry we are making some […]

So We Get Questions

Q. Should we be concerned that you have a small investment team? How can you cover hundreds of stocks? Won’t you miss things? A. No, we don’t need to and of course. We run a concentrated portfolio that strives for low turnover. Classic behavioral finance and my personal practical experience suggest that the amount of intensely motivated and bright people in a room is highly correlated to the amount of turnover in a portfolio. If we ran a 150 stock […]

Notes from the Front Line: UCLA

The opinions expressed herein are not those of Cove Street Capital. The post was written by Ben Claremon, an employee of CSC, and includes his summaries of speeches given at a recent UCLA Anderson Investment Association Conference. You should not consider this information a recommendation to buy or sell any particular security. You should not assume that any of the securities discussed in this report are or will be profitable, or that recommendations we make in the future will be profitable or […]

In Support the of Home Team

by Ben Claremon It was less than two years ago that I was sitting with some of my UCLA Anderson classmates, desperately trying to figure out what to do for our Applied Management Research or AMR project. Most students fulfill this requirement by completing a consulting project for a local company and writing a paper detailing their recommendations. However, we had our sights set on a different kind of project, one that would have a much greater impact on Anderson. […]