Hottest Links: Nyet Tracy Britt? Moment Of Silence In Taiwan

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Hottest links for Friday November 8th, 2013 the becoming sorta on time time edition compared to how late we usually post it (see Thursday’s edition of hottest links). Get our free daily newsletter (which HAS BEEN RECENTLY UPDATED) and never miss a single linkfest.

Top stories for today are included below. A great article from a few days ago about Warren Buffett’s possible successor and it is now about his 29 year old blonde assistant, Tracy Britt; A key question for value investors… what causes a company to become undervalued; I have never been a big fan of comps for this reason, the most ridiculous chart about Twitter valuation which basically says that because so many competitors are super over-valued Twitter could be cheap; 10 seconds of Silence in Taiwan for……….

Hottest Links: Stories

Value Investing

Selective Value = Price plus Quality Neosho Capital

While each of the screens proved  successful in beating the benchmark (we chose the MSCI All Cap World) over the decade, the vast majority of the overall outperformance of the screens occurs before 2008 and very little if any outperformance is delivered after. [Chris Richey, Advisor Perspectives]

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In Ajit Jain, Some See Next Buffett

Last summer, as financial markets swooned following an unprecedented downgrade of U.S. debt, Ajit Jain got a chance to walk in Warren Buffett’s shoes. Mr. Jain, who runs Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s giant reinsurance division, made an unsolicited bid for Transatlantic Holdings, Inc. (NYSE:TRH). [Erik Holm and Serena NG, The Wall Street Journal]

When A Fundamentally Strong Company Become Undervalued

Finding the right companies and paying the right price. By right companies I mean fundamentally strong companies which are poised to deliver superior business returns for years to come. Examples of such companies include The Procter & Gamble Company (NYSE:PG), The Coca-Cola Company (NYSE:KO) and McDonald’s Corporation (NYSE:MCD)’s. [Sumit Sinha]


Poster Child

The poster child for being in the right place at the right time in 2013 has been the $11.1 billion WisdomTree Japan Hedged Equity Fund with net flows of $9.3 billion through October, ranking it second only to SPDR S&P 500 ETF Trust (NYSEARCA:SPY). [Tom Brakke, Research Puzzle Pix]

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Ex-Hedgie Now On Index Crusade

No one’s incentivized to sell investors what they really need, says ex-hedge fund manager turned author Lars Kroijer. [Paul Amery, IndexUniverse]

SoTHERLY Hotels Valuation

Sotherly Hotels Inc (NASDAQ:SOHO)’s properties produce nearly twice the EBITDA they did in 2005 and the company has made great progress in replacing expensive financing with mortgage debt. [Otcadventures]

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How JPMorgan Chase & Co. (NYSE:JPM)’s Traders Humiliated Goldman Sachs

Goldman Sachs Group Inc (NYSE:GS) reported that in the third quarter, the FDIC-insured hedge fund’s trading loss days soared to a total of 15 days: a whopping 23.4% of the total 64 trading days in the quarter. [Tyler Durden, Zero Hedge]

Take-Two: A Compelling Value With 2 Asymmetric Options

The traditional bear case on Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been it is a one-trick pony with poor management. Traditionally what investors have done is buy into every “Grand Theft Auto” release and then sell afterwards. [First Adopter, Seeking Alpha]

Inside DB’s Innovative China A-Share ETF

The way I see it, the new db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR) not only changes the China investment landscape for U.S.-based investors, but might even be a game changer for the issuer—Deutsche Bank AG (NYSE:DB) (ETR:DBK)—in the U.S. ETF market. [Dennis Hudachek, IndexUniverse]


Worst Twitter IPO Graphic Yet

Look, I get it, I really do: You are all excited — dare I say “atwitter”? — at the prospects of today’s big initial public offering. It is oversubscribed by 30X (or so we hear), priced at the high end of its range, and opened way above $40, and is trading at $45. [Barry Ritholtz, The Big Picture]

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To Buy Or Not To Buy? The Twitter

Twitter Inc (NYSE:TWTR)’s stock opened today, about an hour later than expected, at an eye-popping $45.10 a share, up 73 percent from the offering price. [Aswath Damodaran, TechCrunch]

Hottest Links: Nyet Tracy Britt? Moment Of Silence In Taiwan

These Funds Just Took Their Twitter Profits

The shares of Firsthand Technology Value Fund Inc (NASDAQ:SVVC) and GSV Capital Corp (NASDAQ:GSVC), both of whom own Twitter Inc (NYSE:TWTR)’s pre-IPO shares, are down by 6% and 13%, respectively, Thursday afternoon, after falling on Wednesday. This, as Twitter is enjoying a 73 % surge to $45.18 in its first trading. [Brendan Conway, Focus on Funds]

This Is How Much Money Twitter Owes You

Now that Twitter Inc (NYSE:TWTR) has a market capitalization of at least $24.9 billion, more than a few of the social network’s 230 million users have noticed their tweets are making other people rich. Many people want their cut. [Chris Wilson, Time NewsFeed]


Brits Debate Capping Retirement-Plan Fees, Should the USA?

We all know that the U.S. has a looming retirement crisis. The baby boomers do not save enough for their golden years. Social Security is funded at levels that are less than ideal. [Barry Ritholtz, The Big Picture]

Lisa Maria Falcone’s 2013 Is Looking Up!

The Suffolk County D.A.’s office this week said it will not proceed with its case against Lisa, who was arrested for driving while impaired and without a license following a Labor Day crash last year. [Bess Levin, Deal Breaker]

Revisiting Berkshire Hathaway’s Acquisition of BNSF

Four years have passed since Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) announced that it would acquire Burlington Northern Santa Fe (BNSF) in a cash and stock transaction.  The acquisition was explicitly meant to be an “all-in wager on the economic future of the United States” according to Berkshire Hathaway Chairman Warren Buffett. [The Rational Walk]

Hottest Links

US Rentals

US rentals sliced and diced into new asset. [Tracy Alloway and Anjli Raval, FT]

Hottest Links: Not The Onion

Earthquake Deflates Giant Rubber Duck

There have been calls for a ten-second silence after an earthquake caused a giant rubber duck to deflate. The 18m-high artwork by Dutch artist Florentijn Hofman has toured the world this year but was damaged when a 6.3-magnitude quake struck Taiwan on Thursday. [Metro]

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