Submitted by jacobwolinsky on Tue, 2015-03-03 10:30
- Pico Far East Holdings Limited designs exhibition stands as well as fabricates museum interior fit outs, and advertising signs.
- Pico is still the largest player in the Exhibition Services space with the highest revenue and highest segment net margins among its competitors.
Submitted by jacobwolinsky on Tue, 2015-03-03 09:15
- He has more than 25 years experience in the investment industry, beginning his career with Royce & Associates, a New York City-based investment advisory firm managing the Royce Mutual Funds.
- Paul spent nine years, with the last five as a partner at Ruane, Cunniff & Goldfarb, Inc.
- An investment advisory firm managing more than $9 billion including the Sequoia Mutual Fund.
Submitted by Dividends4Life on Tue, 2015-03-03 07:34
For many investors, there is no clear conviction as to how they should invest. Today's investments are guided by what was read or heard yesterday, and the popular media is constantly churning out new and different ideas. Granted it makes for some "interesting" reads, but it certainty is no way to run a portfolio...
Submitted by jacobwolinsky on Mon, 2015-03-02 17:00
- Many outstanding investors have been fanatical students of history because history teaches you to place events into perspective, to understand that industries boom and fade; cycles repeat and human folly is never-ending.
- The venerable Ben Graham argued that an investor should "Have an adequate idea of stock market history, in terms, particularly, of the major fluctuations. With this background he may be in a position to form some worthwhile judgment of the attractiveness or dangers.of the market."
Submitted by jacobwolinsky on Mon, 2015-03-02 16:44
Submitted by jacobwolinsky on Mon, 2015-03-02 15:59
- This interview was conducted after a 2-Day Valuation Workshop conducted by Professor Aswath Damodaran.
- We are grateful to Prof. Aswath for the last minute request and we recorded the interview using an iPhone.
Submitted by jacobwolinsky on Mon, 2015-03-02 14:30
- Biggest Mistake: My biggest mistakes almost always stem from buying companies where the balance sheet is deficient.
- Biggest Mistake: The biggest mistake I ever made as an investor didn't have to due with any individual stock pick - it was failing to accurately assess my own time and investment skill set which lead me to try to replicate the investment style of gifted people like Warren Buffett and Peter Lynch.
Submitted by George on Mon, 2015-03-02 14:00
This screen-cast tutorial shows you how to look up annual reports (10-K) and quarterly reports (10-Q) for companies using the SEC EDGAR search tool. If you are a new investor, you definitely want to learn how to find these essential documents for the companies you are researching. More experienced investors may find this tutorial helpful in highlighting some of the SEC EDGAR features you are not currently fully utilizing.
Submitted by jacobwolinsky on Mon, 2015-03-02 13:45
- Reinsurance business plan complements our investment management strategy: no property catastrophe excess treaties on rated balance sheet and premium and reserve leverage lower than peer group Company-wide focus on risk management Robust underwriting and operational controls.
Submitted by jacobwolinsky on Mon, 2015-03-02 13:30
- We have instilled throughout Leucadia and its businesses a sense of urgency,as well as a constant drive to make things better and more valuable.
- Finding unique value opportunities where our entry terms afford us a favorable risk-reward tradeoff-so far, Harbinger Group Inc, FXCM and Golden Queen; and Building businesses with great managers one asset at a time and thereby creating enterprise value-so far, the various Leucadia Asset Management businesses, Juneau Energy and Vitesse Energy.
Submitted by jacobwolinsky on Mon, 2015-03-02 13:29
- Whitney Tilson, Kase Capital managing director, responds to Jim Chanos' comments on potential conflicts of interest with short-selling.
- Tilson who has supposedly taken a media "Hiatus" was on 60 minutes last night and CNBC this morning.
- Whitney Tilson, Kase Capital managing director, says he would short Lumber Liquidators right now if he could.
Submitted by jacobwolinsky on Mon, 2015-03-02 13:02
- HSA Bank has been at the forefront of this trend, growing its deposits organically at a 29% CAGR since 2005; today, with more than $4 billion under management and approximately 15% market share in a sector that is forecast to more than triple in size over the next several years, HSA Bank is poised for even greater success.
- There is now a very clear comparable: last July, an HSA Bank competitor called HealthEquity, which is roughly half HSA Bank's size, went public and has now garnered a $1 billion valuation.
Submitted by jacobwolinsky on Mon, 2015-03-02 12:50
- Intrinsic Value: Buffett reiterates that it is not a precise number for Berkshire nor, in fact for ANY stock.
- Stocks were unchanged from 1964-1981, please see page 79: A Study of Market History through Graham Babson Buffett and Others.
- Read what Warren Buffett has to say about stock markets.
Submitted by jacobwolinsky on Mon, 2015-03-02 10:31
- When Howard Marks graduated from the Booth School of Business of the University of Chicago, he was turned down for the one job he really wanted.
- Luck is very important, according to Marks, and he advised the future MBAs to "Put themselves in the way of good luck" as opportunities only come around once in a while and you have to take them.
- Forecasters have been very poor and consistently so, Marks said.
Submitted by jacobwolinsky on Mon, 2015-03-02 09:15
- Like many value investors, Cundill's style of investing can trace its roots back to Benjamin Graham; Cundill liked to buy $1 for $0.40.
- Unlike Graham, who brought as many companies as he could, as long as each company met his strict criteria, Peter Cundill only considered companies with strong balance sheets and an upcoming catalyst that could unlock value for investors.
- Peter usually scrutinized each company's balance sheet to discover off balance sheet financing and assess the company's true debt load. Peter Cundill Resource Page.