From Warren Buffett to Bill Gates: How auto dealerships are attracting a whole new class of investor

From Warren Buffett to Bill Gates: How auto dealerships are attracting a whole new class of investor

There are certain must-have status symbols for the rich and famous: yachts, private jets, mansions in the Hamptons – and now, apparently, car dealerships. AutoCanada shares plunge as Alberta slowdown hits car dealerships Declining consumer confidence in the oil-dependent economy of Alberta dented sales at AutoCanada Inc.’s car dealerships in the first two months of the…

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More