The concept of holding yourself out to the world as someone still willing to selectively accept “other people’s money” in a professional money management capacity
If you don’t know who Mark Leonard is, go look at long term stock chart of Constellation Software. And then you might say his opinion
It is good, clean fun to have a day to be right for reasons that didn’t seem to matter the day before. With a nice
The April Proxy statement says 89% of the CEO’s pay is at risk. This is the stock chart. Mr. Trerotola is retiring this year. What
Tricolor, the third-largest used auto retailer in Texas and California, has more than $1 billion in assets and over $1 billion in liabilities, with more
If nothing else but by not being REALLY early. And it’s not fair to whomever they are to suggest that the letter lacks little detail
Sometimes you just don’t know people. Or what drives them. And so mistakes can be made when you try to equate what seems to add
Yes, it’s corporate governance season and I have spent two awful periods of time recently: watching the LA Kings and the stupendous waste of time
The company is Global Indemnity(GBLI). We own it where we can, and I own it personally. We have written about it before, here. Cheap, weird,
And I don’t mean 124 word Tweets. Annual Reports, 10-K’s and Proxies are “basic” and one would think everyone reads them so where is the
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
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
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
So a few weeks ago, we put out a “bookish” piece on our efforts to effect Board change at a holding, Motorcar Parts of America
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,
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
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
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.
Liberty Trip filed to both “delist” to the pink sheets and move incorporation from Delaware to Nevada.
If your goal is to “pay attention to detail” and try to put some meat next to the headline potatoes, then Rob consistently presents logical
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
The International Energy Agency has forecasted that demand for fossil fuels will peak before 2030. “I don’t think they’re remotely right . . . You can build scenarios, but
Yet Another Value Podcast: Jeff Bronchick and Andrew Leaf talk $ECVT Ecovyst+ $VSAT Update
There are some events that prove you entirely wrong, regardless of how “off spreadsheet” they are. Was this one of them?
You can run your PA as you see fit. We would suggest this is your second largest position as is ours. This recent presentation does
There is a relatively new top 5 Position. What is the value of the privately held portfolio? We paid for zero. The future remains uncertain
We were not remotely involved in this as an FYI. But if we were simply repaid for every dollar lost in a situation where it
