Harris Associates CIO for International Equities David Herro discusses emerging markets with Trish Regan on Bloomberg Television’s “Street Smart.” The famous value investors discuss the case AGAINST emerging markets in this interview with bloomberg. David Herro interview below 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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In-depth Notes from the 2013 Markel Breakfast in Omaha via Ben Claremon of Cove Street Capital: Tom Gayner (TG): This is the 23rd year they have come out to Omaha Steve Markel was the architect of a firm that tried to make money from underwriting and make excellent investments as well o When Tom was talking to Steve about the idea, Tom realized there was a company that had done pretty well with that exact model—Berkshire...
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Please use the Value-Line below to tell readers what would be an investor’s future return if you purchased 3M Co (NYSE:MMM) today? Please support your answer with no more than a sentence or two. What’s MMM worth? What does this valuation teach you about valuations and Mr. Market? MMM_VL and for perspective: MMM_35 Be honest and forthcoming like this gentleman: and show some enthusiasm like this kid: Jonah Rocks! 'Get ValueWalk's Daily Edition By Email and Never...
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In case you were wondering, here are the facts concerning Lot78 Inc (OTCMKTS:LOTE): LOTE some facts ~$1 billion market value as of 5/21/2013 close. $0.5 million in ANNUAL revenue (that’s right, something like 2000x revenue), DOWN from prior year. Lot78 Inc (OTCMKTS:LOTE) borrowed $40,000 (yes, that’s not a typo) from its founder just to stay in business. LOTE’s auditor expressed doubt on its chances of survival. And there’s plenty more. Now some of you might wonder, how...
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Wilbur Ross, the billionaire founder and chairman of WL Ross & Co., discusses Spanish banks, France and investment in surrealist art. He speaks with Francine Lacqua and Manus Cranny on Bloomberg Television’s “The Pulse.” (Source: Bloomberg) 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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I just read an old Forbes piece on Walter Schloss: Making money out of junk. As many regular readers know, Schloss is one of my all time favorite investors. H/T basehitinvesting.com 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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The Manual of Ideas caught up with Guy Spier, CEO of Aquamarine Capital Management, at the squash courts in Zurich today. Guy is participating in this week’s online symposium on The Essays of Warren Buffett. The event is hosted by renowned author and professor Larry Cunningham, who previewed the symposium in a recent article. In the following video, Guy Spier talks about the article he has written for the symposium. He discusses the role...
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If you have been following my blog postings, you are probably aware that I have an obsession with equity risk premiums (ERP), and have done an annual survey paper on the topic every year since 2008 (with the 2013 update here). I also post a monthly update for the ERP for the S&P 500 at the start of the month on my website. As a consequence, my attention was drawn to a post by Fernando Duarte and...
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Lauren Templeton is the founder and president of Lauren Templeton Capital Management, LLC, a value investing boutique located in Chattanooga, Tennessee. Lauren Templeton Capital Management, LLC is a Registered Investment Advisor focused on global value investing. Our value investing approach is motivated by our belief that compound interest provides the greatest opportunity for long-term investors, and that long-term opportunities to compound are best revealed when stock prices depart substantially from the intrinsic value of...
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Edward Thorp My Encounters With Madoff’s Scheme and Other Swindles Uncovering Madoff Fraud by Thorp Excerpt: “On the afternoon of Thursday, December 11, 2008, I got the news I had been expecting for more than seventeen years. Calling from New York, my son Jeff said Bernie Madoff has confessed to defrauding investors of $50 billion in the greatest Ponzi scheme in history. “It’s what you predicted in … 1991!” he said. “It began on a balmy Monday...
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By: greenbackd In a great article The Wiki Man: If you want to diet, I’m afraid you really do need one weird rule Rory Sutherland argues that we require a “black-and-white, binary approach” to things we find psychologically difficult to follow. Sutherland says, “And as the world’s religions have known for thousands of years, abstinence is far easier than the continuous exercise of self-restraint. Or, as the neuroscientist V.S. Ramachandran suggests, “humans may not have free will but they do have free...
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