Hello Everybody, Today, the results of the stress tests including capital allocation plans were announced and the results were quite favorable.  These tests are honestly rather silly as the Fed uses hypothetical models and the most draconian assumptions possible to forecast the results.  Also, there are extremely subjective measurements made by a lot of bureaucrats,...Read More

Hello Everybody, This week a milestone was reached with the Nasdaq crossing 5,000 for the first time since the Tech Bubble busted in 2000.  Any credible analyst would have told you that the Nasdaq was in a bubble at that time.  The problem is that they also would have said that starting in 1996, so...Read More

Read our latest research report from Chief Investment Officer Tim Travis on Assured Guaranty (AGO).   Assured Guaranty – Significant Intrinsic Value Per Share Growth ContinuesRead More

Hello Everyone, Over the weekend Berkshire Hathaway’s Chairman’s Letter to Shareholders came out and as usual it was a must-read.  There are numerous fabulous points on it so it if you get the time read it, but I wanted to direct your attention to an excerpt on the reality of risk versus the perception of...Read More

Listen and learn more about our very own Tim Travis and T&T Capital Management on Strategic Investor Radio with Charley Wright. Listen Now   OC Talk Radio – www.OCTalkRadio.net Orange County’s only community radio station, giving businesesses a voice on the internet @ www.OCTalkRadio.netRead More

Hello Everybody, Oil prices continue to be immensely volatile, with prices rising roughly 30% from the lows earlier in the year.  After OPEC decided to keep production steady in November, many market prognosticators wrote about how the shale drillers were likely to go head-to-head and keep producing as much as possible.  This was a very...Read More

Read our latest research report from Chief Investment Officer Tim Travis on American International Group Inc. (AIG)   American International Group Inc. – Extraordinary Value in a Subpar Investment Environment  Read More

Hello Everybody, Value investing is all about understanding the fundamentals of individual businesses and buying them at large discounts to intrinsic value.  Short-term swings are completely irrelevant to this type of investment strategy.  In a market where almost everything is expensive and unattractive, this is one of the most obvious irrationalities I’ve ever seen and...Read More

Hello Everybody, For those of you that have been with me for years, you are likely aware that one of my favorite investment managers is Bruce Berkowitz of Fairholme Funds.  This is a guy with one of the best long-term track records of any investor and like us, he takes relatively concentrated positions on out...Read More

Hello Everybody, January has been a month of extreme volatility in everything including stocks, bonds, commodities and currencies.  Historic moves have occurred causing massive distortions throughout financial markets.  For instance; to deposit money at the German or Swiss central banks’, the depositor has to pay the bank.  Earnings season started with financials selling off and...Read More