Below is a great article that was on Gurufocus describing some of Warren Buffett’s past sales of naked put options.  This is a strategy we use extensively at T&T Capital Management and we believe it is akin to Buffett’s “workout” strategy, which he used when he was running the Buffett Partnership L.P.  The L.P. was...Read More

“Diversification is protection against ignorance, but if you don’t feel ignorant, the need for it goes down drastically.” – Warren Buffett   Probably the biggest misconception of the financial services industry is the idea that there is a direct correlation between diversification and safety.  This might apply to an advisor that doesn’t perform extensive research...Read More

Severe disruptions in emerging markets are roiling financial markets across the globe.  Ineffective government leadership in Argentina and political upheaval in Ukraine and Turkey are some of the primary contributors.  In addition, data out of the Chinese economy, which is the world’s 2nd largest, has been quite poor.  While the S&P 500 was down about...Read More

Many people ask me why we don’t just buy stocks when we find an undervalued business, as opposed to some combination of buying stock and selling cash-secured puts, among other strategies.  If a stock is more than 50% undervalued, we will usually primarily buy the stock outright.  If the discount isn’t as great, selling puts...Read More

Below is a link to our most recent research report on J.P. Morgan.  We feel that the stock is still reasonably attractive and that market participants are far too critical on the bank and Jamie Dimon.  I hope that you enjoy!   http://seekingalpha.com/article/1945941-perception-is-not-reality-for-jamie-dimon-and-jpmorgan  Read More

One of the best investment books that I’ve ever read was Seth Klarman’s Margin of Safety.  His investment prowess is exceptional as is his ability to articulate his ideas.  I do find his investments to be rather difficult to follow as many are quite obscure.  I believe that he does quite a bit with options,...Read More

It has been a great couple of years for T&T Capital Management (TTCM) and I believe that we are well positioned for the future.  Please click the link below to see our performance report and portfolio manager commentary.   Performance Report and Portfolio Manager Commentary    Read More

Below is a link to another outstanding letter from the managers of the Third Avenue Funds led by the legendary Martin Whitman.  There is tremendous insight about a variety of companies across the globe and extremely sound investment advice.  It is a bit lengthy but is certainly worth your time.  I hope that you enjoy!...Read More

Below is my most recent research report on SandRidge Energy (SD).  This is a company that has been cutting costs and improving its capital allocation, which were both serious problem areas under the leadership of former CEO Tom Ward.  Moving forward and assuming that oil and natural gas prices stay high, I believe the stock...Read More

Below is our most recent research report on 3D Systems Corporation (DDD).  This seems to be an obviously overvalued company that will likely be extremely disappointing for market participants speculating on it.  I hope that you enjoy!     http://seekingalpha.com/article/1879061-3d-vision-is-not-necessary-to-see-3d-systems-is-overvalued?v=1386232017&source=tracking_notifyRead More