One can correctly argue that what comes out of a politician’s mouth is some combination of what someone told him to say, the last thing
Charles Skorina is an interesting “old hand” – CharlesSkorina.com – who runs an executive search firm for the endowment world. And I like his letter.
A few hundred years ago, shortly after beginning Phase II of life as Cove Street Capital, I was “summoned” to a very large allocator organization, after 10 years of annual treks and pitches to zero avail.
I like writing about investing. I wrote a quarterly investment letter for the fund when semi-annual was all that was required. But the nonsense that
The Federal Reserve’s decision to cut short-term interest rates by 50 basis points in September 2024. The management of the LA Fires in 2025. Arguably
Statement from David B. Burritt, U. S. Steel President and CEO, on Today’s Order by President Biden January 3, 2025 – President Biden’s action today
Cliff Asness of AQR Continues to Write From the FU Money Standpoint for Our Benefit Private Equity Public equity performance hurt, particularly in the U.S.
At the 2018 Berkshire Annual Meeting, Buffett noted that “multiple times in my life, people have felt the country was more divided than ever….and after
On Friday after the close, ISSC filed an 8-K giving the CEO of a $134mm market cap company a stock package that could have been
Yes, you are the CFO of a public company in the Great Era of Degradation in the quality of reported earnings. And yes, because “all
“Buy these X stocks because Y will be elected.” Using the KBW Regional Banking Index (KRX), there was a 20% gain in Q4 2016 on
We own this with roughly a $12 cost basis. We have always liked smallcap aerospace and defense. They can have oddball, profitable niches in an
If a Soft Landing Is in the Cards, Why Aren’t Small-Cap Stocks Rallying?
From WSJ.com Wall Street Races to Bring Private Credit to the Masses Investing titans are jostling to launch funds made up of hard-to-trade private loans
We have referenced Byrne Hobart’s The Diff newsletter any number of times as well worth reading. He thinks and writes as well as anything I
FTI Consulting August 2024 Newsletter Given the explosive growth of leveraged credit markets over the last decade, the ascendance of private credit, the extreme lengths
This gentleman does interesting work which can be summarized as follows: Most equity investments are not good: the “mean” for equity investments is much higher
Securities can go down as well as up. Over-owned and hyped securities will be pummeled more. The world in which we live is heavily indexed
this makes CNBC and Bloomberg out to have the credibility of BBC reporting on Gaza.
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
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.
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
Why does the SEC want this? Who really wants it? “Only 4 hours of work” is BS. Another reason to run concentrated portfolios.
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
It is no secret that the Russell 2000 contains some crappy companies – some 40% of the R2000 constituents are unprofitable. This is a common
“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,
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.
