And what I’m interested in is investing in people.– Arthur Rock
As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you’re a financial genius. –Ron Chernow
OPPORTUNITIES IN LIFE INSURANCE STOCKS BY SHELBY CULLOM DAVIS
The present (August 1957) opportunity in life insurance stocks stems from three factors: (1) They are desirable long-term growth investments. (2) They are attractively priced at 10-12 times estimated 1956 adjusted earnings. (3) They have undergone a price correction for 18 months which has carried many issues as much as 30% to 40% below their highs. Yet earnings this year will be at an all-time high and the fundamentals on which earnings rest (sales, improved mortality, high interest rates) appear favorable for the foreseeable future. The present opportunity exists largely because of market congestion.
Canyon Distressed Opportunity Fund likes the backdrop for credit
The Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More
The research report is here:https://rcpt.yousendit.com/1422135444/8aea00fbe09e0b2b58586a585283b49a And this will be in the Value Vault Investor folder under Davis.