Money and Finance
- Howard Marks Memo: Inspiration From The World Of Sports
Link to Memo: Inspiration from the World of Sports I’m constantly intrigued by the parallels between investing and sports. They’re illuminating as well as fun, and thus they’ve prompted two past memos: “How the Game Should Be Played” (May 1995)...
- What You Like A Ceo Of A Portfolio Company To Say (and Hope He's Right)...
From the Zicom Group (ASX: ZGL) Chairman's Address to Shareholders:I am pleased to announce that your Board will henceforth focus on enhancing shareholders’ value. At the end of the financial year just ended, the net asset value per share of...
- Greenlight Capital Re Investor Presentation
GREENLIGHT CAPITAL RE INVESTOR PRESENTATIONTuesday, June 3, 2008 -Agenda John Andre, Group V.P. A.M. Best – Industry Overview and Rating Process Len Goldberg, CEO – Background and Vision Bart Hedges, President and CUO – Underwriting Philosophy and...
- When To Throw In The Towel On A Stock
In Morgan Housel's excellent article, "If Other Industries Were Like Wall Street", he shares this satirical story: If we were as impatient about gardening as we are investing: Sam plants some seeds in his backyard. He checks back four hours...
- 9 Tips For Becoming A More Patient Investor
Even though the tag-line of the Clear Eyes Investing blog is, "Patience is the individual investor's greatest advantage over the market," patience is a virtue that doesn’t come naturally to me. Maybe I played too much Nintendo as a kid or something,...
Money and Finance
Broyhill Asset Management: Rational Investing in Irrational Markets - By Christopher Pavese
Yesterday, I had the pleasure of speaking with the Bowden Group at ASU and meeting with this year’s CFA Research Challenge Team. It’s still early, and we have a lot of work (and glazed doughnuts) ahead of us, but I’d say our chances of a three-peat are strong . . . to quite strong.
My presentation to the team is embedded below and covers 1) the current macroeconomic landscape, 2) the importance of finding your investment niche, 3) our own rather boring niche, 4) knowing where to fish, 5) speed kills and cheap thrills, and 5) the results of a value-oriented, high-quality investment approach.
At last year’s visit to ASU, we pitched our investment thesis in Oaktree Capital Group (OAK) to the Bowden Group. This year, we explored our investment in Cedar Fair (FUN) which was first published in last month’s issue of Value Investor Insight.
- Howard Marks Memo: Inspiration From The World Of Sports
Link to Memo: Inspiration from the World of Sports I’m constantly intrigued by the parallels between investing and sports. They’re illuminating as well as fun, and thus they’ve prompted two past memos: “How the Game Should Be Played” (May 1995)...
- What You Like A Ceo Of A Portfolio Company To Say (and Hope He's Right)...
From the Zicom Group (ASX: ZGL) Chairman's Address to Shareholders:I am pleased to announce that your Board will henceforth focus on enhancing shareholders’ value. At the end of the financial year just ended, the net asset value per share of...
- Greenlight Capital Re Investor Presentation
GREENLIGHT CAPITAL RE INVESTOR PRESENTATIONTuesday, June 3, 2008 -Agenda John Andre, Group V.P. A.M. Best – Industry Overview and Rating Process Len Goldberg, CEO – Background and Vision Bart Hedges, President and CUO – Underwriting Philosophy and...
- When To Throw In The Towel On A Stock
In Morgan Housel's excellent article, "If Other Industries Were Like Wall Street", he shares this satirical story: If we were as impatient about gardening as we are investing: Sam plants some seeds in his backyard. He checks back four hours...
- 9 Tips For Becoming A More Patient Investor
Even though the tag-line of the Clear Eyes Investing blog is, "Patience is the individual investor's greatest advantage over the market," patience is a virtue that doesn’t come naturally to me. Maybe I played too much Nintendo as a kid or something,...