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Thoughts

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

Category: Markets, Rationality & Decision Making

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

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

Markets, Rationality & Decision Making

TripAdvisor and This Sure is Interesting Timing

Liberty Trip filed to both “delist” to the pink sheets and move incorporation from Delaware to Nevada.

Jeffrey Bronchick, CFA February 20, 2024

Markets, Rationality & Decision Making

Our Man Joey on the Rationality of Private Markets Today

Except from IAC’s Q4 earnings call:

Austin Farris February 15, 2024

Markets, Rationality & Decision Making

So Apparently It’s Now David Einhorn and CSC..and Cliff Asness..Maybe a Few Others

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

Jeffrey Bronchick, CFA February 14, 2024

Markets, Rationality & Decision Making

This is More Important
than You Think

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

Jeffrey Bronchick, CFA February 1, 2024

Markets, Rationality & Decision Making

Why More Regulation is Rarely the Answer You Will Get Before You Most Need It

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,

Jeffrey Bronchick, CFA January 30, 2024

Markets, Rationality & Decision Making

Unknown, Unknowable, Unloved and Worth Reading

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

Jeffrey Bronchick, CFA January 29, 2024

Economics at Large

Regulatory Mandates, Proxy Changes, Board Committees, 7 Figure Directors and Managers…or…Just Live This?

Jeffrey Bronchick, CFA January 3, 2024

Economics at Large

Explaining a lot about Executive Comp and M+A

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.

Jeffrey Bronchick, CFA December 12, 2023

Markets, Rationality & Decision Making

Data Mining From the Enlightened Height of Our Self-Interest

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.

Jeffrey Bronchick, CFA December 11, 2023

Economics at Large

Probably Ignore It

”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

Jeffrey Bronchick, CFA December 5, 2023

Economics at Large

Green Fees

Hedge Fund Veteran Slams Green ‘Echo Chamber’ After Closing Firm

Jeffrey Bronchick, CFA December 4, 2023

Economics at Large

Reverse Idiocy

The idea of regulation and the establishment of a legitimate exchange is to ensure that phony and fraudulent ideas DON’T go public in the first place.

Jeffrey Bronchick, CFA December 4, 2023

Economics at Large

Probably the 2nd Oldest Profession

Let’s be clear. Investing money is really about one of at least three things: structuring a pool of capital to meet stated goals, simply making

Jeffrey Bronchick, CFA November 28, 2023

Markets, Rationality & Decision Making

The Dancing Fool?

A sneaky little cull from the Financial Times this week on the world of Private Credit. Some in long pants might recall the former Citi CEO calling the top in 2007.

Jeffrey Bronchick, CFA November 27, 2023

Markets, Rationality & Decision Making

Let’s Just Say This is Not an Isolated Incident In Corporate America

And it deserves widespread distribution. SEC Charges Newell Brands and Former CEO for Misleading Investors About Sales Performance FOR IMMEDIATE RELEASE 2023-210 Washington D.C., Sept.

Jeffrey Bronchick, CFA September 29, 2023

Economics at Large

The Next Time Someone Worries about Public Smallcap Investing and Liquidity…

By Dawn Lim, Layan Odeh and Linly Lin (Bloomberg Businessweek) — In its heyday, Fenway Partners snapped up a fleet of companies from outposts overlooking

Jeffrey Bronchick, CFA September 25, 2023

Economics at Large

Stealing with You or Stealing from You?

I would think the general institutional investor that is in Private Equity funds understands that they are buying into a pool of investments, each of

Jeffrey Bronchick, CFA September 19, 2023

Economics at Large

It’s Been a While, But People Remain as Dumb as Ever on the Topic Of Share Repurchase

The world turns. New people are born and eventually move off the couch and into something resembling employment. And thus new generations of nonsense about

Jeffrey Bronchick, CFA September 18, 2023

Economics at Large

Extended Sniff Test and Applicability to Investment Research in a World Which a Banana May Be Deemed Rational

Jeffrey Bronchick, CFA August 28, 2023

Markets, Rationality & Decision Making

Well, It Seems Like It’s Them And Us Right Now On This Pitch

From Berkshire Annual Meeting 2023: What gives you opportunities is other people doing dumb things. And it’s — and I would say that — well,

Jeffrey Bronchick, CFA August 18, 2023

Markets, Rationality & Decision Making

Not to Pick on Them Per Se, But How Can “Private Credit” Be More Picked Over?

From industry rag FundFire: Janus Henderson CEO Ali Dibadj is making no secret of his goal to buy private credit capabilities, saying in an earnings

Jeffrey Bronchick, CFA August 8, 2023

Markets, Rationality & Decision Making

Well the Good Part Starts at 44:10….Cove Street at the Markel Annual Meeting

Jeffrey Bronchick, CFA August 2, 2023

Markets, Rationality & Decision Making

Are They Stealing With Us or From Us?

I will categorically deny that I have ever hired anyone for the simple reason that I did not want take a turn at voting CSC

Jeffrey Bronchick, CFA July 21, 2023

Markets, Rationality & Decision Making

Well That Wasn’t Fun

There are some events that prove you entirely wrong, regardless of how “off spreadsheet” they are. Was this one of them?

Jeffrey Bronchick, CFA July 14, 2023

Thoughts

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

Categories

Category: Markets, Rationality & Decision Making

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?

Amidst the Fawning, This on The Berkshire Letter

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

TripAdvisor and This Sure is Interesting Timing

Our Man Joey on the Rationality of Private Markets Today

So Apparently It’s Now David Einhorn and CSC..and Cliff Asness..Maybe a Few Others

This is More Important
than You Think

Why More Regulation is Rarely the Answer You Will Get Before You Most Need It

Unknown, Unknowable, Unloved and Worth Reading

Regulatory Mandates, Proxy Changes, Board Committees, 7 Figure Directors and Managers…or…Just Live This?

Explaining a lot about Executive Comp and M+A

Data Mining From the Enlightened Height of Our Self-Interest

Probably Ignore It

Green Fees

Reverse Idiocy

Probably the 2nd Oldest Profession

The Dancing Fool?

Let’s Just Say This is Not an Isolated Incident In Corporate America

The Next Time Someone Worries about Public Smallcap Investing and Liquidity…

Stealing with You or Stealing from You?

It’s Been a While, But People Remain as Dumb as Ever on the Topic Of Share Repurchase

Extended Sniff Test and Applicability to Investment Research in a World Which a Banana May Be Deemed Rational

Well, It Seems Like It’s Them And Us Right Now On This Pitch

Not to Pick on Them Per Se, But How Can “Private Credit” Be More Picked Over?

Well the Good Part Starts at 44:10….Cove Street at the Markel Annual Meeting

Are They Stealing With Us or From Us?

Well That Wasn’t Fun

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Thoughts

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

Categories

Category: Markets, Rationality & Decision Making

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