While I believe Bill Ackman to be one of the smartest investors in the field, I don’t believe with his original assessment on Herbal Life (HLF).  There was nothing in his research report that really told me that it was a Pyramid Scheme by any stretch of the imagination and being so public about it,...Read More

Few individuals understand the nature of markets better than George Soros and I believe that he is right on in regards to his thoughts on Europe.  The EU has proved to be extremely problematic and ripe with unforeseen consequences.  I also think he is right on that austerity was a terrible idea given the risk...Read More

Below is a link to our most recent article BlackBerry Workout Strategy 101.  In this article we discuss our belief that value investor Prem Watsa of Fairfax Financial understands that the breakup value of BlackBerry is likely greater than the Enterprise Value being paid for the company, and we believe that the company should be...Read More

I’m not surprised to see that Prem Watsa’s Fairfax Financial (FRFHF) has made a bid for Blackberry (BBRY) at $9.00 per share in cash.  Fairfax owns roughly 10% of the company and by taking the company private, I’d expect to see Fairfax monetize the patent portfolio and focus on the Enterprise and Government businesses, while...Read More

When Bruce Berkowitz talk about investing I always listed and appreciate his insights.  Below is his thesis on Fannie Mae and Freddie Mac, as discussed with David Faber in a CNBC interview.  The Fannie Mae preferred stock should be an incredible investment but of course there is tremendous uncertainty with government involvement.  I see no...Read More

This was a fascinating article on the career and life of Jorge Paulo Lemann.  Lemann is one of the most impressive businessmen that I’ve learned about and Warren Buffett’s immense confidence in him is quite a statement. http://www.businessweek.com/articles/2013-08-29/the-brazilian-billionaire-who-controls-your-beer-your-condiments-and-your-whopper#r=rss INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More