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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: Thoughts

ESG

The Tower of ESG Babble?

Original article appeared in Harvard Business School’s Working Knowledge What Does an ESG Score Really Say About a Company? 21 JUL 2021|by Kristen Senz A

Jeffrey Bronchick, CFA July 23, 2021

ESG

Hmmm from the ESG Investing Trail…

WSJ July 2021 “This followed the announcement in April that Japan’s Government Pension Investment Fund, the world’s largest with around $1.6 trillion under management, is

Cove Street Capital July 22, 2021

Specific Stock Ideas

Objects and Observers: GP Strategies and $20.85

One of our larger holdings agreed to sell itself last week at what we would consider a fair price. This has been a long and

Cove Street Capital July 21, 2021

Specific Stock Ideas

Another day, another podcast on Viasat

In case people were not 100% sure about what we think of Viasat (Ticker: VSAT) as a potential investment, Eugene and I had another opportunity

Cove Street Capital July 20, 2021

Markets, Rationality & Decision Making

Throw This in Your Earnings Pie

Yes, it is a correct statement that CSC does not have the quant chops to do our own work in this space (Well, Partner Eugene

Cove Street Capital July 15, 2021

Markets, Rationality & Decision Making

Holy About Time Batman: The SEC is Shocked That Many SPACs are Complete BS

Original Press Release posted at sec.gov. SEC Press Release SEC Charges SPAC, Sponsor, Merger Target, and CEOs for Misleading Disclosures Ahead of Proposed Business Combination

Cove Street Capital July 14, 2021

The Business of Investment Management

A Classic Historical Rhyme

Originally published in the Wall Street Journal. When a 59% Annual Return Just Isn’t Enough Investors appear to be growing more and more optimistic about

Cove Street Capital July 8, 2021

Economics at Large

What Worked in Hindsight: Buying High Valuation and/or No Earnings

We know all too well that what has worked recently is owning low-ROE and non-earning companies. But going forward, isn’t it reasonable to expect solid

Cove Street Capital July 6, 2021

Economics at Large

Half Smart, Half Obvious Backward Looking

There are large elements to truth in this piece, but it also references a period where NOTHING was easier and smarter and cheaper than being

Cove Street Capital June 30, 2021

CSC Strategy Letter

CSC Strategy Letter | Number 44 | Don’t Get Rugged

Read last quarter’s Strategy Letter here. June 2021—Be forewarned – we are going to empty the quote bin this quarter. Let’s start with one Robert Smith,

Cove Street Capital June 30, 2021

Markets, Rationality & Decision Making

To Call this a “Refresh” is like Turning over a Dirty Diaper and Exclaiming It’s Clean: The 2021 Russell Index Rebalancing

We manage other people’s money so it is only fair that we are compared to something. The Russell Index mafia is that something and calling

Cove Street Capital June 29, 2021

Thoughts

If a CEO is now accountable to everyone, then in reality he is accountable to no one?

An interesting piece about “stakeholders” and how the theory flies in the face of a LOT of reality. Excerpt below. Original article appeared in City

Cove Street Capital June 23, 2021

Markets, Rationality & Decision Making

The Ever Thinning Line Between Aspirational Forecasting and Out and Out Lying

Republished from Almost Daily Grant’s, a Grant’s Interest Rate Observer daily newsletter. Under The Hood A Different Kind Of U-Turn. Electric Vehicle Hopeful Lordstown Motors

Cove Street Capital June 22, 2021

Markets, Rationality & Decision Making

The High Price of Financial ClickBait?

I read a lot. And cut and paste a lot. And save a lot of things, From time to time, I don’t feel like “working”

Cove Street Capital June 15, 2021

Markets, Rationality & Decision Making

From the Annals of Unelected Officials Making our World a Better Place

“Servicers who put struggling families first have nothing to fear from our oversight, but we will hold accountable those who cause harm to homeowners and

Cove Street Capital June 10, 2021

Economics at Large

There is Everything Wrong With Exxon – Just Nothing That Will be Fixed By Letting The Clamoring Horde Onto The Board

There are lots of things that OWNERS should hate about Exxon, all of which are related to their last decade of capital allocation in their

Cove Street Capital June 3, 2021

Podcasts & Recordings

Microcap Investing War Stories with Eugene and Ben

As an investor, if you spend the majority of your time looking at larger cap companies, it is truly hard to appreciate the wacky and

Cove Street Capital June 1, 2021

Markets, Rationality & Decision Making

Thoughts

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

Categories

Category: Thoughts

The Tower of ESG Babble?

Hmmm from the ESG Investing Trail…

Objects and Observers: GP Strategies and $20.85

Another day, another podcast on Viasat

Throw This in Your Earnings Pie

Holy About Time Batman: The SEC is Shocked That Many SPACs are Complete BS

A Classic Historical Rhyme

What Worked in Hindsight: Buying High Valuation and/or No Earnings

Half Smart, Half Obvious Backward Looking

CSC Strategy Letter | Number 44 | Don’t Get Rugged

To Call this a “Refresh” is like Turning over a Dirty Diaper and Exclaiming It’s Clean: The 2021 Russell Index Rebalancing

If a CEO is now accountable to everyone, then in reality he is accountable to no one?

The Ever Thinning Line Between Aspirational Forecasting and Out and Out Lying

The High Price of Financial ClickBait?

From the Annals of Unelected Officials Making our World a Better Place

There is Everything Wrong With Exxon – Just Nothing That Will be Fixed By Letting The Clamoring Horde Onto The Board

Microcap Investing War Stories with Eugene and Ben

Ben Claremon is a Fan of Salt Mining (and Compass Minerals)

Holy @#$& This is Good

The Report No ESG Organization Will Read

The State of Affairs in SPAC City

Watch the Replay – Robotti Value Live – Markel 2021 with Cove Street Capital’s PM Jeff Bronchick

Berkshire Hathaway 2021 Meeting: Lessons in Asininity?

Just Because We Think It Looks Dumb Doesn’t Mean We Don’t Try to Understand It

The Land That Time Still Forgets: Public Investing In Small Cap vs Drowning in Private Equity Deluge

Value Investing in an Age of Speculation

Eugene and Andrew Discuss Viemed (VMD) on the Yet Another Value Podcast

Star Trek and Value

The 48 Hour Investment Process

A Quickie With Ben Claremon

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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: Thoughts

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