Hottest Links: Impatient Optimism, Sentiment By Demographic, And 2014


Hottest links for Tuesday, 31st December, the late edition (see Monday’s edition of hottest links). Get our free daily newsletter (which HAS BEEN RECENTLY UPDATED) and never miss a single linkfest. Also, now if you sign up you will get our new e-book on value investing.

Top stories for today are below. The new year is upon us, and Thursday we’ll be bringing you the first Hottest Links of 2014.  For now, enjoy some great stories including an interesting chart with economic sentiment broken down by demographic, 3D printing primed for a big 2014, and 2013 marking the year gold lost its glitter.

Hottest Links: Stories

Value Investing

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Exclusive: Lee Ainslie Struggled During The Third Quarter As Tech Holdings Fell

activist short selling Investing investLee Ainslie's Maverick Capital had a difficult third quarter, although many hedge funds did. The quarter ended with the S&P 500's worst month since the beginning of the COVID pandemic. Q3 2021 hedge fund letters, conferences and more Maverick fund returns Maverick USA was down 11.6% for the third quarter, bringing its year-to-date return to Read More

We are in the season of looking back and looking forward, prompted by the turning of a new year that reminds us of the relentless passage of time. [Tom Brakke, Research Puzzle]

Impatient Optimists vs Value Investors in 2014 Hottest Links

In an interesting way, the container that could have distracted value investors in the Asian capital jungles in search of compounders could be the following of quant-based checklist and rules. [Koon Boon Kee, BeyondProxy]

Winners of 2013: Boring Investors

In the best year for U.S. stocks since 1995, the smart way to play the markets has been to follow the dumb money. So-called dumb-money strategies, which involve buying and holding a plain-vanilla portfolio of U.S. stocks, did much better than the more complex approaches employed by hedge funds and other professional investors. [Tomi Kilgore And Tom Lauricella, The Wall Street Journal]


Here’s How A Bunch Of Different Demographic Groups Feel About The Economy

Bloomberg’s weekly U.S. Consumer Comfort Index tracks the economic outlook of various demographic groups. [Matthew Boesler, Business Insider]

Consumer confidence ranking Hottest Links

Commodities redemptions force Higgs fund to close

A wave of investor redemptions from commodities markets has claimed another casualty as start-up hedge fund Higgs Capital Management announced Monday it plans to close. [Gregory Meyer, FT]

Meet One Of The Hedge Fund World’s Quickest-Rising Stars

Sahm Adrangi, 32, went from pondering a journalism career to managing a $300 million hedge fund. He spoke with BuzzFeed about his career transformation, the climate for hedge funds, and some activist investor campaigns currently being waged. [Mariah Summers, BuzzFeed]

This Quirk of China’s Domestic Stocks May Be on Its Way Out

The “A shares,” as these stocks in Shanghai and Shenzhen are called, finished November at about a 7% discount to the Hong Kong ”H shares” of the same companies, according to Hang Seng’s gauge of the phenomenon. [Brendan Conway, Focus on Funds]

Top Five Alpha Stories of 2013

Dark Pools became suspect as never before, from the U.S. to Brussels to Australia; the U.S. CFTC took an unexpected stance (and used an unexpected process) in its approach to the regulation of cross-border derivatives trading;  and American asset managers began parsing what the EU’s AIFMD means to them. [Christopher Fallie,]

Paulson Funds Get $490 Million as ‘Mooch’ Rotates to Stocks

Hedge-fund manager John Paulson is one of the biggest beneficiaries of a great rotation from bonds to stocks at the firm led by Anthony “the Mooch” Scaramucci. [Newsle]

Gold Lost Some Glitter In 2013

Gold prices have slumped faster and farther than all but the biggest gold skeptic would have predicted. [Sarfraz Thind, Institutional Investor]

In 2013 I Learned That…

Roger Nusbaum (  investor behavior continues to not change. Indexing has had a great year so now too many people wonder whether they should switch to being indexers. [Joshua M Brown, The Reformed Broker]

Why It’s Time Again For Emerging Market Value Stocks

Years of playing defense have left many emerging-markets equity portfolios laden with pricey, safe-haven stocks. We think these portfolios risk missing the big opportunity that’s brewing in value stocks, especially as emerging economies begin to stabilize. [Henry D’Auria, Institutional Investor]


Revealed Cartographic Ignorance

The creator asked 30 people to draw a map of the world and then combined the results. Pretty sad. (the bottom image – it’s a mockup, not an exact replica of the real result). [Chart Porn]

image Hottest Links

Organovo Will 3D Print a Liver in 2014 (ONVO)

Advances in the 3D printing of human tissue have moved fast enough that San Diego-based bio-printing company Organovo Holdings Inc (NYSEMKT:ONVO) now expects to unveil the world’s first printed organ — a human liver — next year. [Climateer Investing]

When do the markets close on New Year’s Eve?

Some investors and traders will welcome in the new year with an abbreviated trading session on Tuesday, Dec. 31. Others will have to tough it out to the end of the normal trading day before uncorking the champagne. [Ben Eisen, The Tell]

GlaxoSmithKline Keeps Name of PwC Lead Engagement Partner Under Wraps

GlaxoSmithKline plc (ADR) (NYSE:GSK) (LON:GSK) approved an exemption to the partner naming rule and that means PwC and GSK can keep the name of the lead partner under wraps. [Francine McKenna, re: The Auditors]

Exited position in Ebix (EBIX)

I wrote in an earlier blog that I would likely exit my position in Ebix Inc (NASDAQ:EBIX) if the company had not repurchased shares in the 3rd quarter following their announcement of a $100 million share repurchase program. [Long Term Value Blog]

Hottest Links: Not The Onion

Pastor drowns when he attempts to walk on water

Pastor Franck Kabele, 35, told his congregation he could repeat the biblical miracle… [John Kafo, MJ]

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