Gotta Love the Media….Same Data, Two Completely Different Stories

I love this ….same data to completely different media stories….FYI…IMO the latter is more accurate


“Davidson” submits;

Li Lu’s Four Basic Principles of Value Investing

li Lu valuewalk great value investors BYD charlie munger Warren Buffett Chinese investors concentrated investingLi Lu is undoubtedly one of the most under-appreciated investors. The founder and Chairman of Himalaya Capital Management established his firm in 1997 based on the principles laid out by Benjamin Graham. Lu is a close friend of Charlie Munger and was once thought to be in-line to succeed Warren Buffett as the chief investment Read More

Story in April implies lined up supertankers sign of oil ‘Glut’ in China with no place to go. Same situation in May story says the demand is there but the facilities are slow to unload. The issue is not lack of demand, but lack of infrastructure.


Always interesting to see the identical information portrayed in opposite ways.


Wed Apr 13, 2016 3:05pm EDT

Band plays on, as global oil glut leaves supertankers in a huge jam

SINGAPORE | By Keith Wallis and Henning Gloystein


‘Teapot’ Refineries Shore Up China’s Demand for Crude

In April privately-owned refiners imported 1.2 million barrels of oil a day, around 15% of China’s total crude imports


In a bid to increase competition in China’s oil market, Beijing has begun granting teapots licenses and a quota to import crude oil. Photo: AGENCE FRANCE-PRESSE/GETTY IMAGES

By Jenny W. Hsu

May 30, 2016 9:48 a.m. ET

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Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.