Jeffrey Bronchick, CFA — Cove Street Capital

What We See Versus What We Infer

THIS is a superbly interesting thought process that is eminently applicable to investment management, and it can be argued that I have seen balance sheets

Jeffrey Bronchick, CFA June 8, 2012

Philosophical Musings

A Brief Presentation by Our CIO

Our CIO Jeffrey Bronchick gave a presentation at the Emerging Managers Summit in Chicago. Download the slides here.

Jeffrey Bronchick, CFA June 8, 2012

CSC Strategy Letter

CSC Strategy Letter | Number 6 | Lots to Fear or Fear Itself?

Download Cove Street Capital’s March 2012 Strategy Letter Number 6, “Lots to Fear or Fear Itself?”

Jeffrey Bronchick, CFA May 7, 2012

Inoculation 2012: The Berkshire Hathaway Meeting

Dear Value Investors, This was my fourth trip to the so-called Woodstock for Value Investors and my latest attempt to capture the majority of the

Jeffrey Bronchick, CFA May 7, 2012

More Things That Don’t Change Over Time

“Keynes the Stock Market Investor” is a pretty interesting piece that was partially excerpted in the Wall Street Journal several weeks ago, but being gluttons for

Jeffrey Bronchick, CFA April 23, 2012

The Business of Investment Management

The Active Management Pretend Game

by Eugene Robin | Research Analyst Let us start by saying that this is not an essay on whether or not a large pool of institutional

Jeffrey Bronchick, CFA April 13, 2012

CSC Strategy Letter | Number 5 | Caviar for the General

Download Cove Street Capital’s March 2012 Strategy Letter Number 5, “Caviar for the General”

Jeffrey Bronchick, CFA March 26, 2012

Specific Stock Ideas

Everything Turns Grey: Chesapeake

by Eugene Robin | Research Analyst The title of this blog post borrows a line from an Agent Orange song that I loved listening to

Jeffrey Bronchick, CFA March 19, 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

Jeffrey Bronchick, CFA February 22, 2012

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

Jeffrey Bronchick, CFA February 15, 2012

Notes From the Front Line: UCLA

This report is published for information purposes only. You should not consider the information a recommendation to buy or sell any particular security, and this

Jeffrey Bronchick, CFA February 14, 2012

In Support the of Home Team

by Ben Claremon | Research Analyst It was less than two years ago that I was sitting with some of my UCLA Anderson classmates, desperately

Jeffrey Bronchick, CFA February 3, 2012

What We Are Thinking: Approach Resources

by Eugene Robin, CFA | Research Analyst Approach Resources, Incorporated (Ticker: AREX) is an independent oil and gas exploration company located in west Texas. As

Jeffrey Bronchick, CFA January 23, 2012

A Plea for Higher Interest Rates

What’s great about Jim Grant writing for the unwashed minority (those who toil in official positions in Washington) is that you can re-link and comment without

Jeffrey Bronchick, CFA January 23, 2012

The Ongoing Tyranny of the Growth vs. Value Argument

Co-written by Jeffrey Bronchick + Ben Claremon A recent article in the Wall Street Journal—from which we lifted the chart below—once again highlights the never-ending

Jeffrey Bronchick, CFA January 12, 2012

Warren and Ben

What Fidelity Asked Warren Buffett

Jeffrey Bronchick, CFA December 29, 2011

Trying This at Home

We reprint with permission a recent email from a sell-side colleague who we hold in high regard, despite his familiarity with the institutional investment consulting

Jeffrey Bronchick, CFA December 20, 2011

CSC Strategy Letter | Number 4 | ‘Tis the Season I Doubt You Will Remember

Download Cove Street Capital’s December 2011 Strategy Letter Number 4, “Tis the Season I Click Doubt You Will Remember”

Jeffrey Bronchick, CFA December 16, 2011

Found: The Lost Decade

Even if you repeat it enough, it doesn’t make it true. Unless you are burdened with a few hundred billion to manage, you do NOT

Jeffrey Bronchick, CFA December 12, 2011

Explaining Ourselves: Jefferies

So, we have very recently been a buyer of Jefferies (Ticker: JEF) stock, which anyone following the financial headlines would know has been pummeled in

Jeffrey Bronchick, CFA November 21, 2011

CSC Strategy Letter | Number 3 | Occupy Yahoo

Download Cove Street Capital’s November 2011 Strategy Letter Number 3, “Occupy Yahoo”

Jeffrey Bronchick, CFA November 15, 2011

Earnings Per Share Myopia

by Ben Claremon | Research Analyst Welcome to earnings season and the barrage of company press releases and conference calls. Securities analysts all over the

Jeffrey Bronchick, CFA November 4, 2011

Terrific Value – Long Road

SEI Investments — This report is published for information purposes only. You should not consider the information a recommendation to buy or sell any particular

Jeffrey Bronchick, CFA October 19, 2011

Green Jobs vs. Green Cards

The Kaufman Thoughtbook

Jeffrey Bronchick, CFA October 17, 2011

Interpreting Performance Attribution

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

Jeffrey Bronchick, CFA October 10, 2011

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,

Jeffrey Bronchick, CFA October 6, 2011

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

Jeffrey Bronchick, CFA October 4, 2011

In a Zero Hedge World, Investors Must Stay Nimble

by Ben Claremon | Research Analyst All European banks are insolvent! Germany is going to leave the Euro! The US is going to default on