Tag Archive

GMO recently released its latest commentary titled – Tonight, We Leave The Party Like It’s 1999, which includes the similarities for value investing between what we’re seeing today and 1999. Here’s some excerpts from the commentary: Growth Trouncing Value Today…Just Like 1999 In the late 1990s, Value managers were on the … Read More

Here’s a list of this week’s best investing reads: Schrodinger’s Market (Jamie Catherwood) Common Probability Errors to Avoid (Farnam Street) Presidential Terms & Market Cycles (A Wealth of Common Sense) A Tale of Two Cults (Epsilon Theory) This Is The Textbook Definition Of ‘Late Cycle’ In The Stock Market (Felder Report) Even if We Knew (The … Read More

Here’s a list of this week’s best investing reads: The Great Equalizer (Verdad) Oh No, Here It Comes Again, That Funny Feeling (Epsilon Theory) Descriptions Aren’t Prescriptions (Farnam Street) Tobias Carlisle – Diamonds In The Rough (Premium) (Real Vision) Making an Impact (Jamie Catherwood) Who Owns the Stock Market? (Irrelevant Investor) ‘Our Recent Performance Sucks.’ … Read More

Here’s a list of this week’s best investing reads: Early Work (Paul Graham) Psychology, Behavior & Markets (Jamie Catherwood) United States v. Google (Stratechery) A Quantitative Look at the Movie Business (Verdad) Rotation (The Irrelevant Investor) Are investors getting smarter? (Reformed Broker) Lots of Overnight Tragedies, No Overnight Miracles (Collaborative Fund) Why category leading brick and … Read More

Here’s a list of this week’s best investing reads: Elections and Markets (Jamie Catherwood) This Time Was Different (Irrelevant Investor) Activist Investor Dan Loeb on Why Disney Needs to Double Its Streaming Spending  (Variety) COVID & Global Valuations (Verdad) Tobias Carlisle – How To Play On Market’s Reversion To The Mean (Economic Times) … Read More

Here’s a list of this week’s best investing reads: FANMAG Envy (Verdad) Accountable to Darwin vs. Accountable to Newton (Collaborative Fund) Anti-monopoly vs. Antitrust (Stratechery) New WAYT! (Irrelevant Investor) How Comfortable Are You Holding Stocks For 30 Years? (A Wealth of Common Sense) Investors Are Doing Fine as Their Own Money Managers (MSN) First Eagle … Read More

Here’s a list of this week’s best investing reads: Gambling, Lies & Markets (Jamie Catherwood) The Path Not Taken (Humble Dollar) Being Smart is Not Enough (Farnam Street) The opposite of stimulus (Reformed Broker) Sales and Distributions (Verdad) Hook, Line and Sinker (Epsilon Theory) Luck and Success (The Irrelevant Investor) Common Causes of Very Bad Decisions (Collaborative Fund) … Read More

Here’s a list of this week’s best investing reads: There Is No Size Effect: Daily Edition (Cliff Asness) The Road Ahead (Jamie Catherwood) Negativity Is Not an Investment Strategy (A Wealth of Common Sense) Sounding good or Doing good? A Skeptical Look at ESG (Aswath Damodaran) A Few Rules (Collaborative Fund) What’s in an Equity Return? … Read More

Here’s a list of this week’s best investing reads: The Same Old Boom (Jamie Catherwood) Berkshire in Techland (The Reformed Broker) When Technology Takes Revenge (Farnam Street) Where Are they Going? (The Irrelevant Investor) There Is No Size Effect: Daily Edition (AQR) Obvious Things That Are Easy To Ignore (Collaborative Fund) Buffett’s Warning in 2000 Still … Read More

Here’s a list of this week’s best investing reads: Upside-Down Markets: Profits, Inflation and Equity Valuation in Fiscal Policy Regimes (OSAM) Most Stocks Suck (The Irrelevant Investor) A Primer on Algorithms and Bias (Farnam Street) Beating the Market One Wide Moat at a Time (Morningstar) Why Even the Best Stocks Have to Crash … Read More

Here’s a list of this week’s best investing reads: The Blunt Ratio (Verdad) The Next Frontier (Jamie Catherwood) All Wrapped In One (The Irrelevant Investor) How Much Money is Enough? (A Wealth of Common Sense) Save Like A Pessimist, Invest Like An Optimist (Collaborative Fund) ‘I Can’t Believe I’m Saying This, But I’m Passing on … Read More

Here’s a list of this week’s best investing reads: The Public and Private Markets (Jamie Catherwood) Sacrifice for Thee, Vast Wealth for Me (Epsilon Theory) The VIX Is Raising A Red Flag For The Rally (Felder Report) Are passive ETFs distorting prices in small-cap stocks? (Verdad) Modern Market Cap Theory (The Irrelevant Investor) Dot-Com … Read More

Here’s a list of this week’s best investing reads: Gold, Bitcoin & Markets (Jamie Catherwood) Apple, Epic, and the App Store (Stratechery) 50 Of The Best Investing Podcasts On The Planet (2020) (Acquirer’s Multiple) Why Warren Buffett Is Buying Precious Metals (Again) (Felder Report) Post-Reorg Equities (Verdad) Modeling a Wealth Tax (Paul Graham) Rational Exuberance (Daily … Read More

Here’s a list of this week’s best investing reads: Speculation & Innovation (Jamie Catherwood) Expiring vs. Permanent Skills (Collaborative Fund) Berkshire Makes a Bet on Gold Market That Buffett Once Mocked (Bloomberg) Duration as Leverage (Verdad) The Most Counterintuitive Recession Ever (A Wealth of Common Sense) This Is What ‘Fiscal Dominance’ Looks Like (Felder Report) … Read More

Here’s a list of this week’s best investing reads: What Always Changes (Collaborative Fund) Big Tech, Anti-Trust & Kodak (Jamie Catherwood) The Keyser Söze of investing – Nicholas Sleep (FT) Discounting, Death, and the Demand for Growth Stocks (Verdad) Why Housing Could Be One of the Best-Performing Asset Classes of the 2020s (A Wealth … Read More

Value investing firm Lakewood Capital Management recently released its Q2 2020 saying – a mentality has firmly set in that if a company has prospects for growth, you simply can’t lose. The higher the price of the stock, the more appeal it seems to have. Conversely, it seems no matter … Read More

Here’s a list of this week’s best investing reads: The Grifters, chapter 1 – Kodak (Epsilon Theory) The Four Quadrants of Conformism (Paul Graham) Sad State (Reformed Broker) The Ugly Scramble (Collaborative Fund) Seth Klarman Says Fed Is Infantilizing Investors in ‘Surreal’ Market (Bloomberg) Corp Governance “Dark Arts”: Part 5 (Non-GAAP) Stranger Things (Verdad) Financial Contraptions … Read More

Value investing firm First Eagle Investment Management recently released his Q2 2020 Market Commentary in which they discuss the importance of patience and fortitude at a time when investors are being drawn to the tech stock market darlings. Here’s an excerpt from the letter: The current equity market rally has … Read More

The latest article from Miller Value Partners titled – Don’t Forget Value – makes a very strong case for a comeback in very attractive long-term returns for value investors based on the history of valuation spreads. Here’s an excerpt from the article: In our last quarterly letter, we highlighted a piece … Read More

Here’s a list of this week’s best investing reads: The Bubble 500 (Verdad) The Greatest Danger Investors Face (A Wealth of Common Sense) Securitization & Markets (Jamie Catherwood) Jim Chanos – We Are In The Golden Age of Fraud (FT) A Viral Market Update XII: The Resilience of Private Risk Capital (Aswath Damodaran) … Read More