bruce_berkowitz

Bruce Berkowitz Wealth Track Interview – Financial Stocks

On behalf of our Chief Investment Officer Tim Travis… Hello Everybody, For those of you that have followed me for a while, you likely know that there are few money managers that I regard as highly as Bruce Berkowitz of Fairholme Funds.  Similarly to T&T Capital Management, Berkowitz runs a focused portfolio and has no […]

liquidity

Liquidity – An Investor’s Worst Friend?

Carl Gustav Jacob Jacobi, the famous German mathematician from the 1800s, said “man muss immer umkehren” which translates to “invert, always invert.”  From my experience as an investment manager and as an ardent student of history, I’ve found that identifying the characteristics which make for unsuccessful investing can be just as helpful as identifying the […]

exit

Calpers to Exit Hedge Funds – Victim of Recency Bias?

On behalf of our Chief Investment Officer Tim Travis… Hello Everybody, In today’s WSJ, there is an interesting article about the largest U.S. pension plan’s decision to exit their hedge fund portion of the portfolio.  The rationale behind the decision is that the hedge funds have underperformed the overall market and the costs are higher […]

Magnifying glass search

In Search of Income from Investments? – TTCM’s Unique Solution

Due to the Federal Reserve’s zero interest rate policy (ZIRP) and quantitative easing measures, retirees and savers find themselves with very few investment options for generating much needed income.  Conventionally, as people get closer to retirement or are indeed actually retired, financial advisors have recommended a shift towards income-generating investments such as bonds and annuities.  […]