It doesn’t matter whether company size is measured as assets, market value, sales, revenue, or number of employees — bigger firms pay more … way more.
The Verdad people do interesting work. That they tend to conclude with our internal bias towards toward small and value makes them even more fascinating.
”But what if you found out that key data underlying that breakthrough were actually wrong?” Academic research is fun-ish. A problem with making money from
The idea of regulation and the establishment of a legitimate exchange is to ensure that phony and fraudulent ideas DON’T go public in the first place.
Let’s be clear. Investing money is really about one of at least three things: structuring a pool of capital to meet stated goals, simply making
A sneaky little cull from the Financial Times this week on the world of Private Credit. Some in long pants might recall the former Citi CEO calling the top in 2007.
This is the FINRA proposal allowing investment managers to include specific return targets when raising money from “qualified” pools of money. If I knew I
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
