In their latest Q4 2021 Letter, Ruane Cunniff explain why Mr. Market has evolved into a much more formidable foe. Here’s an excerpt from the letter: We would be lying if we said we didn’t occasionally long for the days when value investing was still a secret, “scuttlebutt” research was … Read More
Ruane Cunniff: The Secret Sauce Of Investing
During last month’s investor day, Ruane Cunniff discussed the secret sauce of investing. Here’s an excerpt from the transcript: The analogy that I always think of to illustrate the challenge is cooking, where if you put me in a room with a Michelin starred chef and you gave us the … Read More