On behalf of our Chief Investment Officer Tim Travis…   Hello Everyone, I stumbled upon an article on MarketWatch that said we are in the 3rd biggest stock market bubble in history.  Firstly, I don’t agree with that premise, although I do believe that the market is quite expensive.  The analysis is based on a...Read More

Below are two interesting articles from today’s WSJ.  One discusses the fact that because stock prices in general are relatively expensive, but with bond yielding being so low, it is very possible that this type of range-bound market that we have seen this year could continue.  The second article discuss bond yields, which have just...Read More

  In the aftermath of the Great Recession, the biggest asset that is owned free and clear is often a 401K or IRA.  Unfortunately for investors, most of these 401Ks and IRAs are invested in cookie cutter mutual funds or ETFs, which stack the odds of even keeping up with the market against them.  Did...Read More

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

Below is a link to my most recent research report on Citigroup.  This stock is deeply undervalued and offers and extremely compelling opportunity for long-term investors.  I hope that you enjoy!   http://seekingalpha.com/article/2142653-citigroup-this-is-a-no-brainer-homerun-investment-for-the-long-term-investor  Read More

Few articles that I have read describe the investment philosophy of T&T Capital Management (TTCM) better than the below one by the great value investor Howard Marks.  My first six or seven years in the investment industry revolved around the substantive differences between the way that the most successful investors in history have invested, and...Read More

I found a wonderful article on the famous and enormously successful value investor Howard Marks that I thought would be helpful to pass on to you.  The current stock market is filled with media and speculator darlings such as Tesla, 3D Systems, Facebook and LinkedIn.  There are numerous other stocks trading at absurd earnings multiples...Read More

It was a banner 2013 for Berkshire Hathaway, which posted earnings of nearly $20 billion.  Berkshire is heavily levered towards U.S. economic growth and the conglomerate saw strong gains throughout just about all of its operating entities.  Berkshire has increasingly shifted to an owner of large operating businesses, as opposed to being seen as more...Read More

Below is a simple article with a few basic rules for successful investing outlined by Warren Buffett.  It is important to understand that cash is a depreciating asset.  When we have the opportunity to invest in attractive businesses at reasonable prices, our prospects for attractive investment returns are quite high.  The reason that most market...Read More

The story below is very interesting as Barnes & Noble has received two separate takeover offers from G Assset Management.  The idea behind the deals is to separate the unprofitable Nook business from the highly profitable bookstore business.  Barnes & Noble had some early success with its Nook reader and reached a compelling deal with...Read More