Confidence vs. Humility – 1Q17 | Bill Nygren Market Commentary (Abridged) see: 1Q17-Bill-Nygren-Market-Commentary March 31, 2017 At Oakmark, we are long-term investors. We attempt to identify growing businesses that are managed to benefit their shareholders. We will purchase stock in […]
Sergio Marchionne Has Seen the Auto Industry’s Future: He’s Not Interested By Sviatoslav Rosov, PhD, CFA Read an excellent analysis of the auto industry: SM_Fire_investor_presentation Sergio Marchionne often raises eyebrows. This time, the Fiat Chrysler CEO went a step further than usual […]
May 8, 2017This Time is Not Different, Because This Time is Always Different Circle Of Competence John P. Hussman, Ph.D. All rights reserved and actively enforced. Reprint Policy “History repeats – the argument for abandoning prevailing valuation methods regularly emerges […]
A Tontine – is an investment plan for raising capital, devised in the 17th century and relatively widespread in the 18th and 19th centuries. It combines features of a group annuity and a lottery. Each subscriber pays an agreed sum […]
One trick that Warren Buffett uses when he first looks at a company is NOT to look at the price OR another person’s opinion. He doesn’t want price to influence his valuation of the company, and he seeks his own counsel. […]
Written in 1998 during the Internet Riot (from Cove Capital Blog) Risks of Investing in IPS Millennium Fund Plain Language Risk Disclosure (Funny) First of all, stock prices are volatile. Well, duh. If you buy shares in a stock mutual […]
Cyclical Markets Kopernik 1Q 2017 – Conference Call – Worth a read–note high and low market cap sectors of the market–a proxy for expensive and cheap. A search strategy.