Value Investing News

The Special Situations Real Money Portfolio returned 25.94% in 2010. The compound annual growth rate since inception was 29.73% at the end of 2010.

The following article details the presentations from Zeke Ashton (Centaur Capital Partners), Guy Spier (Aquamarine Fund), and Michael Lewitt (Harch Capital Management).

Geoff Gannon interviews Jon Heller of Cheap stocks about net/nets, water stocks, and land stocks. This 1 hr 30 minute interview focuses mainly on small stocks trading below their net current asset value.

Geoff Gannon interviews George of Fat Pitch Financials and Value Investing News. In this 61 minute interview George talks about special situations investing, wide moat investing, social media, and other investing and technology topics.

Geoff Gannon interviews Tariq Ali, author of the Street Capitalist value investing blog. In this 38 minute interview, they discuss Tariq's investments past and present. Stocks include: Fairfax (FFH), Madison Square Garden(MSG), and Air Transport(ATSG).

In one stroke of the pen Sardar Biglari has simultaneously made Richard Dunning, the inept CEO of Fremont Michigan Insuracorp, appear underpaid and distanced himself from his most loyal followers. Regardless of his capital allocation skills, gone are the days when he's compared to the man he's clearly trying to emulate.

Now this is interesting. (Especially when you consider the long-term average return on equity is 10%.)

One of Biglari’s goals is to add an insurance operation to the holding company. This would add a number of benefits to BH, namely the fact that its float could be redeployed into accretive investments. Lawmakers in Michigan seem intent on curbing his efforts...

Steven Kiel of Arquitos Capital Management discusses his favorite stock for the next decade, Biglari Holdings (BH).

Nick Nejad provides some great notes from the latest Steak N' Shake annual meeting.