Jeffrey Bronchick, CFA — Cove Street Capital

Innocent Until Proven Guilty…But

this makes CNBC and Bloomberg out to have the credibility of BBC reporting on Gaza.

Jeffrey Bronchick, CFA July 26, 2024

Markets, Rationality & Decision Making

Smallcap: 8th Time This Was Forwarded to Us

As a follow-up to this and this blog post, I received this 9 times today in my inbox. I can tell you one thing with

Jeffrey Bronchick, CFA July 24, 2024

Markets, Rationality & Decision Making

Do you Really Want to Index This? The Russell 2000 and Small-cap Investing in General: Weird July Update

As a follow-up to partner Austin Farris’s recent piece on our blog regarding small-cap index performance, we present weird scenes inside the stock market goldmine in July.

Jeffrey Bronchick, CFA July 23, 2024

Economics at Large

If All the Kids are Doing It, Does That Make it a Good Idea?

I don’t know the Verdad people, but they tend to lean toward what we are thinking, so they are obviously smart and worldly people who

Jeffrey Bronchick, CFA July 22, 2024

Markets, Rationality & Decision Making

More Useless Paperwork Being Heaped Upon Tax Paying Investment Managers

Why does the SEC want this? Who really wants it? “Only 4 hours of work” is BS. Another reason to run concentrated portfolios.

Jeffrey Bronchick, CFA July 17, 2024

Markets, Rationality & Decision Making

What’s in Your Wallet?

Private market assets under management totalled $13.1tn on June 30 last year, having grown at nearly 20 per cent a year since 2018. Most of

Jeffrey Bronchick, CFA July 16, 2024

Thoughts

If You Are Tired of BS in a Political Year, Try Some Corporate

This is 68 pages of gogglygoook. But summed up… Google’s energy use is exploding. Google Chief Sustainability Officer Kate Brandt told The Associated Press news

Jeffrey Bronchick, CFA July 8, 2024

Thoughts

We Get Questions: The Intersection of Public and Private Investing Approaches

Identify an underpriced public equity with some fixable issues. Buy the hell out of it. Install Board members to direct improvement, and as importantly, increase

Jeffrey Bronchick, CFA July 1, 2024

CSC Strategy Letter

CSC Strategy Letter | Number 55 | Kitty is Back in Town

Here we are in June, and things mostly continue on in a Newtonian fashion: “A stock at rest will remain at rest, and a stock

Jeffrey Bronchick, CFA June 13, 2024

Markets, Rationality & Decision Making

Good Thought Exercises about Indexing and Professional Whining

“I am open to the idea that the market is getting less efficient and that this has something to do with indexing. But if so,

Jeffrey Bronchick, CFA May 28, 2024

Markets, Rationality & Decision Making

Reading Long Things Can Make You Smarter

I have clocked a lot of Smil on different topics. Thoughtful and obvious math on the carbon world. This is not political, it’s reality.

Jeffrey Bronchick, CFA May 20, 2024

Markets, Rationality & Decision Making

AI, Data Centers, Power Needs, We the People

We do keep an eye out on all things roaming around the world, although a lot of them don’t turn up in portfolios. That said,

Jeffrey Bronchick, CFA May 16, 2024

Markets, Rationality & Decision Making

Privileged…on the Backs of Shareholders? Boston Omaha (BOC)

It might simply be wrong to infer any “corporate conduct” hurdles from someone who was simply born to be the grandson of Warren Buffet’s sister,

Jeffrey Bronchick, CFA May 14, 2024

Markets, Rationality & Decision Making

Healthcare Investing Primer

This is subtly very interesting when attempting to understand just how screwed up our healthcare system is. Investment and policy relevant. Like the Middle East

Jeffrey Bronchick, CFA May 2, 2024

Markets, Rationality & Decision Making

Eating Well Off the Hog. The Whole Hog. How many Hogs?

We will credit the Financial Times for this tidbit. Let’s assume a Chairman with a Forbes estimate of net worth north of $4 billion works

Jeffrey Bronchick, CFA April 24, 2024

Markets, Rationality & Decision Making

Stanley Cup 2024 and Weekend Investment Thoughts

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.

Jeffrey Bronchick, CFA April 23, 2024

Specific Stock Ideas

An Unerring Ability to Do the Wrong Thing for Shareholders: Ducommun

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

Jeffrey Bronchick, CFA April 18, 2024

Economics at Large

Important ICE Math and Wishful Thinking and Norway

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

Jeffrey Bronchick, CFA April 15, 2024

Markets, Rationality & Decision Making

This Guy Isn’t Running for President?

Jeffrey Bronchick, CFA April 15, 2024

CSC Strategy Letter

CSC Strategy Letter | Number 54 | Yeah, Whatever

“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.

Jeffrey Bronchick, CFA April 9, 2024

Markets, Rationality & Decision Making

When the Law Is Interesting

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

Jeffrey Bronchick, CFA April 8, 2024

Specific Stock Ideas

Proxy Season: The Next Season of Succession?

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.

Jeffrey Bronchick, CFA April 1, 2024

Thoughts

That US Smallcap Value is Listed as a Positive Return Might Be First Since Q1 2009

Jeffrey Bronchick, CFA March 26, 2024

Markets, Rationality & Decision Making

Will Someone Please Set an Example and Put This Whining Criminal Behind Bars for a Long Time?

Jeffrey Bronchick, CFA March 22, 2024

Economics at Large

And to Think Some People Worry About What I Might Write

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

Jeffrey Bronchick, CFA March 14, 2024

Economics at Large

Nice to Have This Guy on the Team

Cliff Asness from AQR in recent FT Interview

Jeffrey Bronchick, CFA March 8, 2024

Economics at Large

If People Spent More Time on Their Debt and Less Time on ESG Initiatives?

Jeffrey Bronchick, CFA March 7, 2024

Philosophical Musings

The World of Fiendishly Simple: It Doesn’t Matter What Business This Is, On Paper This is How It Should be Done

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

Jeffrey Bronchick, CFA March 5, 2024

Markets, Rationality & Decision Making

Amidst the Fawning, This on The Berkshire Letter

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?

Jeffrey Bronchick, CFA February 26, 2024

Markets, Rationality & Decision Making

Stop and Buy This Book: The Counting House by Gary Sernovitz

Jeffrey Bronchick, CFA February 23, 2024

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

Innocent Until Proven Guilty…But

Smallcap: 8th Time This Was Forwarded to Us

Do you Really Want to Index This? The Russell 2000 and Small-cap Investing in General: Weird July Update

If All the Kids are Doing It, Does That Make it a Good Idea?

More Useless Paperwork Being Heaped Upon Tax Paying Investment Managers

What’s in Your Wallet?

If You Are Tired of BS in a Political Year, Try Some Corporate

We Get Questions: The Intersection of Public and Private Investing Approaches

CSC Strategy Letter | Number 55 | Kitty is Back in Town

Good Thought Exercises about Indexing and Professional Whining

Reading Long Things Can Make You Smarter

AI, Data Centers, Power Needs, We the People

Privileged…on the Backs of Shareholders? Boston Omaha (BOC)

Healthcare Investing Primer

Eating Well Off the Hog. The Whole Hog. How many Hogs?

Stanley Cup 2024 and Weekend Investment Thoughts

An Unerring Ability to Do the Wrong Thing for Shareholders: Ducommun

Important ICE Math and Wishful Thinking and Norway

This Guy Isn’t Running for President?

CSC Strategy Letter | Number 54 | Yeah, Whatever

When the Law Is Interesting

Proxy Season: The Next Season of Succession?

That US Smallcap Value is Listed as a Positive Return Might Be First Since Q1 2009

Will Someone Please Set an Example and Put This Whining Criminal Behind Bars for a Long Time?

And to Think Some People Worry About What I Might Write

Nice to Have This Guy on the Team

If People Spent More Time on Their Debt and Less Time on ESG Initiatives?

The World of Fiendishly Simple: It Doesn’t Matter What Business This Is, On Paper This is How It Should be Done

Amidst the Fawning, This on The Berkshire Letter

Stop and Buy This Book: The Counting House by Gary Sernovitz

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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