July 29th, the Federal Reserve announced the results of the CCAR process including the requested capital return actions for the big banks. Unsurprisingly to those that have been reading this newsletter, the results were very good and we have seen an influx of dramatic dividend increases and stock buybacks. Below I’ll outline a few of...Read More

Please enjoy TTCM’s latest research report on Bank of America: Valuation And Earnings Growth Potential Make BofA A BuyRead More

It doesn’t get much better than Lecuadia (LUK) when it comes to value investing.  These low profile investors have bought and sold a variety of different businesses in different industries and during the process have accumulated one of the best track records in the business.  Between 1979-2011 they have compounded book value by 19.1%.  This...Read More

Jamie Dimon the CEO of JP Morgan Chase came out with his shareholder letter today.  I always enjoy reading it as Dimon is honest, insightful, and outspoken.  He touches on a variety of subjects but I found most interesting his belief in buying his stock, and his rationale for doing so which I completely agree...Read More