Bill Ackman had a rough and controversial 2013 but 2014 appears to be starting much better.  Today it was announced that Beam Inc. (BEAM) was being taken over by Japanese whiskey and beer maker Suntory.  Ackman helped engineer the spin-off of Beam from Fortune Brands with the idea that BEAM would likely be a hot...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