Today’s topic is the proxy advisor industry and the real abandonment of responsibility by the investment management/passive management industry despite what nonsense they espouse. My
We read and listen to a lot of stupid things written by people who work at places who should know better. Sadly, they are often
This Time Is Different, But It Will End the Same Way. – Daniel Zwirn, Jim Kyung-Soo Liew and Ajakh Ahmad
One of “our” many behavioral flaws is best described as Recency – as in we either can’t remember a damn thing and thus we extrapolate
Non-GAAP earnings are increasingly being used for management compensation. A large difference between GAAP and non-GAAP earnings is a lead indicator for poor future stock
Download Cove Street Capital’s April 2019 Strategy Letter Number 35 “Cocktail Napkins.”
After returning from an investor conference and speaking with companies across the economic spectrum, one theme emerged: employees are costing more and are harder to
Sometimes (often actually) in investing, you do know where you’re going, and when you do, you can be efficient. Put in place a plan and
This was lifted from a recent column by John Authers, who now writes for Bloomberg after a long career at the Financial Times. In regard
Worth reading at least the first six pages. A class act that we stupidly sold long ago when it seemed “expensive.” Before tripling again. Whether
We read random academic papers. We are innately wary of any sentence that starts with “Our model says. ” We prefer literature without quadratic formulas.
Written by Dean Pagonis Mistakes are a key part of life. People who develop wisdom make a large number of mistakes, but they mitigate the
