We bought our Mutual Fund for $1 when we started Cove Street. It might have been overvalued on an NPV weighted for back-office commitment. This
The good folks at Verdad do quantitative work that exceeds our personal time commitment to the quantitative. So they are part of our read widely
Rigorous investment analysis involves the consideration of all “known” variables as well as a wide swathe of qualitative considerations of unknown unknowns to the best
“Generally speaking, it pays to stay away from declining businesses. It’s very hard. You’d be amazed at some of the offers of businesses we get
The calendar third quarter of 2023 was a messy one for financial markets at large, and we were not immune to its lack of charms.
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
Somewhat obvious relevance to what we do here from a New Yorker profile of Lionel Messi: The legendary striker can often be found off the
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.
By Dawn Lim, Layan Odeh and Linly Lin (Bloomberg Businessweek) — In its heyday, Fenway Partners snapped up a fleet of companies from outposts overlooking
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
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
From Bloomberg article Rogers Wins as Court Blasts ‘Unreasonable’ Antitrust Czar August 30th, 2023 (Bloomberg) — A court ordered Canada’s competition body to pay millions
