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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

Someone Else Thinking Like Us

We ran across Hodak Value as we were reading a proxy that detailed managers not getting paid a bonus because they didn’t hit a target

Cove Street Capital February 8, 2016

Why You Should Give Us Money Right Now

Properly speaking, there are only three reasons why someone should allocate capital to a money manager: 1. New funding or capital inflows. 2. An existing

Jeffrey Bronchick, CFA February 8, 2016

A Note From The Portfolio Manager

We have habitually re-counseled clients (and ourselves) that financial markets go down as well as up and that is actually a good thing as we

Jeffrey Bronchick, CFA January 26, 2016

Supporting Charts – 1st Quarter 2016

CLICK HERE to download our supporting charts for going forward in 2016.

Jeffrey Bronchick, CFA January 13, 2016

CSC Strategy Letter | Number 23 | Waves in an Ocean of Guesses

Download Cove Street Capital’s January 2016 Strategy Letter Number 23, “Waves in an Ocean of Guesses”

Jeffrey Bronchick, CFA January 8, 2016

Pretty Shareholders

As we clean out files and thoughts at year-end, this was a doozy that I think is an interesting view of “shareholder relations” and how

Jeffrey Bronchick, CFA December 31, 2015

The Most Important Thing

This remains one of my favorite pieces of self-analysis on not only “how to invest” but how to practically invest and conduct one’s self in

Jeffrey Bronchick, CFA December 10, 2015

The Right Way to Think About It

Warren Buffett: Annual Letter Comments Regarding the Selection of Corporate Directors Berkshire Hathaway 2003 Annual Report: Pages 9-10 (bold added): True independence – meaning the

Jeffrey Bronchick, CFA December 10, 2015

Yes, We Have Written a Letter to the SEC

CLICK HERE to download our recent letter to the SEC.

Jeffrey Bronchick, CFA October 29, 2015

The Dismal Science

Click HERE to download Is Economics Research Replicable? Sixty Published Papers from Thirteen Journals Say “Usually Not.”

Jeffrey Bronchick, CFA October 29, 2015

Grinnell College

There is a lot of money in the world and there are often fascinating stories behind it. This is a great story and what also

Jeffrey Bronchick, CFA October 2, 2015

A New Beginning

Forestar Announces CEO Transition, Management Promotions and Board Retirements ************************ September 28, 2015 06:45 AM Eastern Daylight Time AUSTIN, Texas–(BUSINESS WIRE)–Forestar Group Inc. (NYSE: FOR)

Jeffrey Bronchick, CFA September 29, 2015

Right On…181 Years Later

William Leggett, a Jacksonian Democrat and abolitionist, writing in the New York Evening Post, Nov. 21, 1834: “Whenever a Government assumes the power of discriminating

Jeffrey Bronchick, CFA September 28, 2015

CSC Strategy Letter

CSC Strategy Letter | Number 22 | Paleo Investing

Download Cove Street Capital’s September 2015 Strategy Letter Number 22, “Paleo Investing”

Jeffrey Bronchick, CFA September 10, 2015

Markets, Rationality & Decision Making

Mini Book Review and Thoughts | “Minding the Markets: An Emotional Finance View of Financial Stability” — David Tuckett

I will ignore the somewhat silly premise of the book which was to analyze the emotional nature of “money managers” and thus glean some clues

Jeffrey Bronchick, CFA September 10, 2015

We Would REALLY Like to Know How Many Times This Happens

Dole C.E.O. and Aide Found Liable for $148 Million in Buyout

Jeffrey Bronchick, CFA September 10, 2015

If You Lacked a Reason to Hate Proxy Advisory Firms Before Today, Here is the Last Straw

Related: Plus ça Change, Plus C’est La Même Chose.; The Fire is Burning Leading Proxy Advisory Firms ISS and Glass Lewis Recommend OM Group Stockholders