It is with great pleasure that we are able to release the latest performance figures for T&T Capital Management (TTCM).  To put it in perspective, we manage roughly 220 accounts currently and while we hold our stock and bond positions for a long time generally, we have thousands of options trades that must be accounted...Read More

When I review different investors portfolios, I’m quite often surprised at the exposure to bond mutual funds.  This has a lot to do with the cookie-cutter asset allocation philosophy that is pervasive throughout the financial advisor community, where recent historical returns are used as a proxy in building a portfolio allocation.  Of course the last...Read More

Last week’s semi-encouraging jobs report has once again brought about calls for the Federal Reserve to begin the tapering process.  I find myself to be rather agnostic and wouldn’t make an investment decision based on this type of short-term issue, but the key is understanding that interest rates are likely to stay very low due...Read More

Below is our most recent research report on AIG.  The stock sold off a little bit after earnings results but is still highly attractive in our estimation.     http://seekingalpha.com/article/1829992-ignore-wall-street-analysts-aig-is-still-a-compelling-valueRead More

With the stock market ascending to record heights and bonds having very little upside given the low interest rate environment, it is very logical to argue for increasing the percentage of cash in your portfolio.  While money market interest rates aren’t even close to 1%, inflation is fairly low at the time, and the optionality...Read More

This was an interesting little interview with Jeff Matthews and Robert Miles discussing Buffett’s changing investment strategy, which has evolved to Berkshire Hathaway’s (BRK.A) increasing size.  For an investment to make an impact for such a large company it has to be of significant size, so for outside passive minority stock investments, Buffett really needs...Read More

Below is a very interesting article on Managed Futures.  This is an asset class that I couldn’t think more negatively of due to the egregious fees and immense conflicts of interests that exist within it.  Unscrupulous salesmen that feel that it is their right to make a profit off of other people’s money, instead of...Read More

The current investment climate does bring back some memories of the late 1990’s for a small group of glamour stocks.  Market participants seem willing to pay 100-250 times earnings for companies that are barely profitable and that lack substantive assets, which often can be a good indicator towards future earnings.  Tesla is probably my favorite...Read More

The combination of greed, ego and charisma has been a common characteristic of many that have lost fortunes for their investors’ and Eike Batista is one of the largest examples.  He built an empire of businesses, capitalizing on the excitement surrounding the emergence of the Brazilian economy utilizing other people’s money primarily.  The most poignant...Read More

Sears Holdings (SHLD) is undoubtedly one of the most hated stocks on Wall Street.  A major reason for the animosity is Wall Street’s focus on the primacy of the income statement and Sears is not a profitable retail operation.  Analysts’ that also cover profitable retailers such as Wal-Mart (WMT) or Target (TGT) are befuddled by...Read More