Jeffrey Bronchick, CFA — Cove Street Capital

Amazon 1998

Being gluttons for punishment, this is the entire Bezos collection. At least we haven’t been short. Reprinted from the 1998 Amazon Annual Report Work Hard,

Jeffrey Bronchick, CFA August 30, 2017

Jeff Bezos’ 2016 Letter

While he is reigning terror on the rest of portfolio, these are thoughts we share from Jeff Bezos. First, never use a one-size-fits-all decision-making process.

Jeffrey Bronchick, CFA August 2, 2017

Satellite Potshots

— Download this post as a PDF — “Is there not A tongue in every star that talks with man, And wooes him to be

Jeffrey Bronchick, CFA June 30, 2017

Other Recent CSC Thoughts and Ruminations That Did Not Fall Into a Coherent Narrative for Our June Strategy Letter

Risk—the extent of loss that a person or an organization can withstand without having to significantly change spending habits. THIS drives a lot more market

Jeffrey Bronchick, CFA June 29, 2017

CSC Strategy Letter | Number 29 | Not Going Gently into the Night: Active Management and Electric Guitars

Download Cove Street Capital’s June 2017 Strategy Letter Number 29, “Not Going Gently into the Night: Active Management and Electric Guitars”

Jeffrey Bronchick, CFA June 29, 2017

The Incredible Shrinking Universe of Stocks

Interesting things other people are thinking.

Jeffrey Bronchick, CFA June 27, 2017

The Board of Extravagance

by Eugene Robin | Principal, Research Analyst Here at Cove Street, we often wonder: what would it be like to sit on a public company

Jeffrey Bronchick, CFA June 20, 2017

CSC’s Women in Finance Program Welcomes Beatrice Woodruff

The Cove Street Capital Women in Finance Program—Summer Edition—welcomes Beatrice Woodruff to the team. After an intensive CFA week of training, and to paraphrase Vince

Jeffrey Bronchick, CFA June 14, 2017

Tales From the Proxy…Cont’d.

By Jeffrey Bronchick, CFA | Principal, Portfolio Manager Colfax Corporation (Ticker: CFX) is a diversified industrial company whose present day life is cursed by the

Jeffrey Bronchick, CFA May 31, 2017

And You Thought You Had Alternatives in the Portfolio

From the Grants Interest Rate Observer: P.P.S. To root out speculative excess, a periodic mission of the Beijing financial police, is easier said than done

Jeffrey Bronchick, CFA May 31, 2017

A Great Letter from Shareholders to Management

(Except for the 25 year holding period part.)

Jeffrey Bronchick, CFA May 31, 2017

The Beauty of No-Called Strikes, Permanent Capital, Patient Partners, and Motivated Owners

This was once our largest holding before it grew up on us. — This report is published for information purposes only. You should not consider

Jeffrey Bronchick, CFA May 8, 2017

This Dude Remains One of a Kind

Press Release National Beverage Corp. Continues To Refresh Via Shareholder Value + Healthy Beverages And MORE Cash! FORT LAUDERDALE, Fla.–(BUSINESS WIRE)– National Beverage Corp. (NASDAQ:

Jeffrey Bronchick, CFA May 8, 2017

A Butterfly Beat Its Wings and…You Should Sign Up For This!

This was Cove Street Capital’s 2015 holiday book gift: From: Thomas N. Mahoney, CFA, CAIA, UBS Private Wealth Management To: Jeffrey Bronchick, CFA, Cove Street

Jeffrey Bronchick, CFA May 3, 2017

Notes From Proxy 2017 – Cont’d.

There are a number of highly successful companies that have corporate governance structures with several classes of stock. In many cases one of classes has

Jeffrey Bronchick, CFA March 30, 2017

Disappearing Alpha

This is an interesting piece that essentially says, “by the time you have finished reading this, you will have have wasted your time reading this.”

Jeffrey Bronchick, CFA March 28, 2017

Nice In Theory

We run separate accounts and a mutual fund, so we have 2 cents about Mr. Jason Zweig’s piece about the awful state of prospectus writing.

Jeffrey Bronchick, CFA March 28, 2017

Genius, of Course

Read on.

Jeffrey Bronchick, CFA March 28, 2017

CSC Strategy Letter | Number 28 | Hooey and the Sausage Making

Download Cove Street Capital’s March 2017 Strategy Letter Number 28, “Hooey and the Sausage Making”

Jeffrey Bronchick, CFA March 23, 2017

The Annual Kabuki Dance of Executive Compensation in Corporate America

To paraphrase Einstein, things should be as simple as possible, but not too simple. From that starting point, good investing at Cove Street Capital begins

Jeffrey Bronchick, CFA February 6, 2017

And The Survey Says…

by Eugene Robin | Principal, Research Analyst The so-called “Trump Rally” has been fascinating to watch from our vantage point. For one thing, it has

Jeffrey Bronchick, CFA January 26, 2017

From the Archive – A Relative Value Trade that Paid Off

Strings Attached — a 2007 write-up of the vintage-guitar market. ‘Gits in Yer’ 401k — 2006 commentary on vintage guitars as a long-term investment.

Jeffrey Bronchick, CFA January 17, 2017

Fact-Filled Party Pooping

John Hussman is an economist who runs some mutual funds. He has been bearish and miserably wrong for a long time, but he is thoughtful

Jeffrey Bronchick, CFA December 22, 2016

Amos Tversky — An Amazing Man

Per the very readable new book by Michael Lewis, “The Undoing Project,” Amos Tversky kept these thoughts on a piece of paper by his desk.

Jeffrey Bronchick, CFA December 14, 2016

More Notes from the CSC Underground

by Ben Claremon, Principal and Research Analyst Before you start rolling your eyes, this is not what you might think it is. Sorry, you aren’t

Jeffrey Bronchick, CFA December 13, 2016

Jeffrey Bronchick at the Miami Behavioral Finance Conference

Download the presentation slides. — This report is published for information purposes only. You should not consider the information a recommendation to buy or sell

Jeffrey Bronchick, CFA December 9, 2016

Here is an Area Ripe for Change Under Newco

Download a detailed analysis of how a government agency can go completely off the rails of rationality. And it’s probably worse than we think.

Jeffrey Bronchick, CFA November 29, 2016

CSC Strategy Letter | Number 27 | Some Things Really Do Change

Download Cove Street Capital’s November 2016 Strategy Letter Number 27, “Some Things Really Do Change”

Jeffrey Bronchick, CFA November 29, 2016

Mind the GAAP

Jeffrey Bronchick, CFA November 22, 2016

The Right Questions

by Dean Pagonis | CSC Research Analyst As the newest member of the Cove Street research team, I have generally been shielded from most ongoing

Jeffrey Bronchick, CFA November 15, 2016

Thoughts

Exclusive commentary and insights from Team CSC's deep fundamental research, repeatable investment process, and culture of continuous improvement.

Categories

Author: Jeffrey Bronchick, CFA

Amazon 1998

Jeff Bezos’ 2016 Letter

Satellite Potshots

Other Recent CSC Thoughts and Ruminations That Did Not Fall Into a Coherent Narrative for Our June Strategy Letter

CSC Strategy Letter | Number 29 | Not Going Gently into the Night: Active Management and Electric Guitars

The Incredible Shrinking Universe of Stocks

The Board of Extravagance

CSC’s Women in Finance Program Welcomes Beatrice Woodruff

Tales From the Proxy…Cont’d.

And You Thought You Had Alternatives in the Portfolio

A Great Letter from Shareholders to Management

The Beauty of No-Called Strikes, Permanent Capital, Patient Partners, and Motivated Owners

This Dude Remains One of a Kind

A Butterfly Beat Its Wings and…You Should Sign Up For This!

Notes From Proxy 2017 – Cont’d.

Disappearing Alpha

Nice In Theory

Genius, of Course

CSC Strategy Letter | Number 28 | Hooey and the Sausage Making

The Annual Kabuki Dance of Executive Compensation in Corporate America

And The Survey Says…

From the Archive – A Relative Value Trade that Paid Off

Fact-Filled Party Pooping

Amos Tversky — An Amazing Man

More Notes from the CSC Underground

Jeffrey Bronchick at the Miami Behavioral Finance Conference

Here is an Area Ripe for Change Under Newco

CSC Strategy Letter | Number 27 | Some Things Really Do Change

Mind the GAAP

The Right Questions

Important Notice

Thoughts

Exclusive commentary and insights from Team CSC's deep fundamental research, repeatable investment process, and culture of continuous improvement.

Categories

Author: Jeffrey Bronchick, CFA

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