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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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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We have been arguing for quite some time (although we are not a registered investment advisor nor offering investment advice, see our legal disclaimer for more details) that Europe (especially the periphery) offers value for those with the stomach for volatility. We have specifically pointed to Greece although we noted many of the ‘Northern European’ countries are also cheap. Morgan Stanley is out with a report on the cheapest stocks in Europe. They specifically use...
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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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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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On May 7, 2013, Warren Buffett sat down for an interview with Caroline Ghosn, the Co-Founder of Levo League. Office Hours with Warren Buffett transcript below: Office Hours with Warren Buffett Levo League is a new organization dedicated to helping young women in the first phase of their careers. Levo refers to the Latin root of the word “elevate.” Levo League’s mission is to eliminate the barriers to success and the income and responsibility disparity...
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Many students of investing know about the great investment record of Warren Buffett but few even know of the man Buffett called one the greatest capitalists and capital allocators of all-time, Dr. Henry Singleton, who built Teledyne Technologies Incorporated (NYSE:TDY) from scratch during 1960 to 1986. The best investors are avid history students of the market, companies, and great investors. The more you learn from others, the less expensive your own tuition will be. Not...
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Our investment process is both qualitatively and quantitatively intensive. Throughout the course of a year we look at hundreds of companies. Most of them receive only a cursory look – we don’t like the business, the valuation is too stretched, or we simply have no insight into the business. We usually glance at them and move on. But if we really like the business and/or its valuation, we build a model. Often, just from...
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I have a saying that when there is no news, the market reveals its true direction. That applies to individual securities as well as the market as a whole. Why? Think of institutional traders, who drive much of the market. They are so big that they have to spread out their orders over time, or they would move the market against their positions. On days when there is no news, volume tends to be light,...
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