Hottest links for Tuesday, March 11th, the late edition. Get our free daily newsletter 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 included below. Today, we’ve got more on the mysterious creator of Bitcoin, the stupidest hedge fund names in the world, and 10 warning signs that stock market exuberance is getting out of hand.
Hottest Links: Stories
The Wide-Moat “Everlasting King” Derailed by India’s General Elections 2014?
The Talas Turkey Value Fund returned 9.5% net for the first quarter on a concentrated portfolio in which 93% of its capital is invested in 14 holdings. The MSCI Turkey Index returned 13.1% for the first quarter, while the MSCI All-Country ex-USA was down 5.4%. Background of the Talas Turkey Value Fund Since its inception Read More
A wide-moat “Everlasting King” powered the cars on the roads in India and Singapore, the Bamboo Innovator shared last Saturday 8 March in Singapore at our seventh run of the seminar series on value investing to a special group of Moat Report Asia subscribers, serious value investors, corporate executives and lifelong learners. [Koon Boon Kee, BeyondProxy]
Top 10 Rules for Forecasting
Forecasting is very difficult, especially if it’s about the future. [Wesley R. Gray, Turnkey Analyst]
The Warren Buffett passive portfolio
Warren Buffett: One of the world’s richest men, perhaps its greatest living investor, a global philanthropist, sage, paragon of modesty, and a damn fine letter writer to boot. [The Accumulator, Monevator]
The “Easy Money” Myth
On the five-year anniversary of the market’s bottom, you’re hearing quite a bit of revisionist history – mostly from people who’ve worked against your well-being, even if it wasn’t intentional. [Joshua M Brown, The Reformed Broker]
Herbalife Ltd. (HLF) China Questions: Bill Ackman Speaks
Activist investor Bill Ackman continues to try to convince investors and regulators that Herbalife Ltd. (NYSE:HLF) is a pyramid scheme. In a few minutes, he will begin a new presentation which he claims proves that the company is operating outside the law in China. [Michelle Jones, ValueWalk] Related; Herbalife in China Event Webcast. [factsaboutherbalife]
Is BYD The Next Tesla Motors Inc?
Tesla Motors Inc (NASDAQ:TSLA) shares have had an incredible run, and now one firm says there’s a Chinese EV maker that’s being overlooked. Longboard CEO Cole Wilcox says BYD Company Limited (HKG:1211)’s story is under told and that it’s time investors sat up and took notice. [Michelle Jones, ValueWalk]
My Bologna has a First Name, It’s K-E-I-T-H
What is fraud? Is it like pornography where it can’t be defined but we know it when we see it? Is it the purposeful execution of a falsified reality to garner attention or wealth? [Cramer’s Shirt]
The past year, and in particular, the past six months have been quite a ride. The markets have reached their all-time highs, the IPO market is quite hot and it appears that the general consensus is that the future couldn’t be brighter. [Gianluca Ferrari, BeyondProxy]
Bitcoin creator unlikely to be man Newsweek identified
A linguistic analysis conducted at Forbes’ request suggests Newsweek identified the wrong man as the creator of bitcoin last week. The creator of bitcoin has been known only from online postings under the name Satoshi Nakamoto, generally believed to be a pseudonym. [Tom Bemis, The Tell]
Global ETF And ETP Assets Reached US$2.44 Trillion – A New Record High
Dissecting the overall net inflows we find that fixed income ETFs/ETPs gathered US$16.8 Bn – the largest net inflows – followed by equity ETFs/ETPs with US$10.2 Bn. Commodity ETFs/ETPs saw net inflows of US$870 Mn. [ETFGI, AlphaNow]
10 Warnings Signs Of Stock Market Exuberance
Imagine that you are speeding down one of those long and lonesome stretches of highway that seems to fall off the edge of the horizon. As the painted white lines become a blur, you notice a sign that says “Warning.” [Lance Roberts, Pragmatic Capitalism]
Cubist Systematic and other stupidly named hedge funds of the world
Steve Cohen does not seem to have consulted it when renaming one of his funds Point72 Asset Management after SAC’s office address, but he may have hit the button when choosing to call two of his other funds EverPoint Asset Management and Cubist Systematic Strategies. [Sarah Butcher, eFinancialCareers]
Hottest Links: Not The Onion
Porn channels face CRTC review for lack of Canadian content
All three channels are owned by the Toronto-based company, Channel Zero. In addition to failing to provide at least 35 percent Canadian content, they also failed to provide at least 90 percent closed-captioning for the hearing impaired. [Colin Kerr, LifeSiteNews]