In the most recent shareholder letter Daniel Loeb talks about interesting investments in Unicredit and Yahoo.  Loeb’s involvement is certainly a positive for Yahoo as we have long argued that the sum of the parts is worth far greater than the current price.  Scott Thompson seems to be the man for the job and I...Read More

He is exactly right.  Goldman turned into a trading firm where the focus is far too short term in nature.  They have really talented people but the model is more hedge fund oriented, as opposed to client focused.  John Pierpont Morgan is probably rolling in his grave at how things have changed. http://www.bloomberg.com/news/2012-03-15/goldman-s-change-in-culture-hurts-clients-greenberg-says.html INVESTING IN...Read More

Here is an article providing more evidence of the resources that Edward Lampert the Chairman of Sears Holdings, is putting towards protecting the company.  The late December stock crash and poor financial results caused large factoring suppliers such at CIT to reassess their ongoing relationship with the company.  These institutions that provide financing on account...Read More

This article was pretty interesting in that most of these companies are rarely talked about by the financial media, but have been unbelievable investments.  It really goes to show that if you buy something at the right price and are willing to hold it substantial returns can be made.  Obviously for some of the tech...Read More

http://www.cnbc.com/id/46731508 http://www.cnbc.com/id/46737336 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

I tend to agree with this analyst in that I think China is in a lot more trouble than the consensus believe.  If they were able to avoid a collapse after their immense building spree of the last decade, it would be an exceptional accomplishment, and would go against quite a bit of economic history....Read More

I applaud Greg Smith for speaking up for his values and I believe that he is probably trying to shed some light on some of the nastiness that is most certainly present in the financial services industry.  His comments on selling products with no thought in regards to whether or not they are right for...Read More

David Dreman’s book “Contrarian Investment Strategies” was one of the keys to formulating my investment methodology.  In the book and the updated versions that have followed, Dreman outlines extensive statistical analysis pointing to the follies of the Efficient Market Theory.  The statistics demonstrated that stocks with low p/b, p/cf, and p/e tend to outperform over...Read More

Today we had some big news with the Federal Reserve announcing the results of the dramatic stress tests.  As a whole the US banking industry did quite well, which is to be expected considering they have double the capital that they had three years ago. I was somewhat surprised to see Citigroup, which has one...Read More

While value investing is practiced by a small minority of market participants, even fewer understand, or have the patience to see it through.  Many people think it is as simple as buying a stock that is cheap, and then it goes up from there, typically within a few months to a year.  Sometimes investments do...Read More