In a March 8th interview in the FT (which is behind the paywall, so I will summarize), Cliff Asness of AQR continues to lead the charge for why seven stocks won’t rule the world forever. And a few other non-original thoughts that are still worth repeating.
This is a former holding that we sold earlier this year (at a price higher than today) due to a complete lack of faith that
Even if one assumes this makes any sense, it will take a really long time to kill off the carbon transportation business.(Cars and Trucks) The
“Yeah, Whatever” shall be the annoying theme for the next few hundred words due to a recent and random listening of Liam Lynch’s 2002 important hit.
We “usually” hate corporate governance structures where there is unequal voting rights accorded to different share classes. And we are wary of “control” situations where
We read proxies. And 10-K’s. We generally are not a fan of floating assets. We are generally not a fan of voting controlled public companies.
Alex Karp, CEO of Palantir on CNBC this week: “I love burning the short sellers. Almost nothing makes a human happier than taking the lines
From a Mystery Q4 Earnings Call: I would also like to spend some time this morning reiterating and elaborating on XXX capital allocation priorities. First, our
Yes, it is easy to see how “older and crankier” develops when the nouveau twitter gushes over a Buffet aphorism that was seemingly revelatory in…1986?
Stop and Buy This Book: The Counting House by Gary Sernovitz
Liberty Trip filed to both “delist” to the pink sheets and move incorporation from Delaware to Nevada.
Except from IAC’s Q4 earnings call:
If your goal is to “pay attention to detail” and try to put some meat next to the headline potatoes, then Rob consistently presents logical
Yes, I broke my “Don’t do Podcast” rule from the enlightened height of our own self-interest. And it’s a classic example of the world in
We plucked this from a recent RFP we have seen for Smallcap Investing. First off, all hail the idea that someone is actually allocating money
The coast seems a little clear, Monster Truck Rain excepted. Since I dread writing this time of year from the standpoint of “predictions for any
Almost a year ago to date, financial markets had a mini freeze over some high profile examples of “liquidity issues” in the banking sector. Our
Last week the US Securities and Exchange Commission issued final rules for special purpose acquisition companies (Spacs). IN 2024! Final Rule Special Purpose Acquisition Companies,
Buffett was basically saying to Wall Street firms: “Even if you hire 100 brilliant Ph.D.s to run your models, no sensible estimate will emerge.” These
Full kudos on the young man who came up with this scheme. But if there ever was an idea that is ripe for abuse it
Statement Dissenting from Approval of Proposed Rule Changes to List and Trade Spot Bitcoin Exchange-Traded Products
It doesn’t matter whether company size is measured as assets, market value, sales, revenue, or number of employees — bigger firms pay more … way more.
The Verdad people do interesting work. That they tend to conclude with our internal bias towards toward small and value makes them even more fascinating.
”But what if you found out that key data underlying that breakthrough were actually wrong?” Academic research is fun-ish. A problem with making money from
