Tuesday, July 7, 2015

Confidence Game

Several years before the credit crisis, Bill Ackman warned investors that the large bond insurers, MBIA in particular, were taking on too much risk. He started shorting the stock and talking about the company's problems to anyone who would listen. He was attacked by many, including MBIA management, regulators who don't appreciate the role of short-sellers, and the media. He was eventually vindicated as his predictions turned out right and he generated an incredible profit as a result. In Confidence Game, Christine Richard tells this story.

Friday, July 3, 2015

Karsan Value Funds: 2015 Q2 Results

Karsan Value Funds (KVF) is a value-oriented fund, as described here. Due to securities regulations, the fund is not open to the public at this time. Should that change in the future, there will be an announcement on this site.

Tuesday, June 30, 2015

The Magic Of Reality

The world of science has led to discoveries more wondrous than anything we can make up, and Richard Dawkins takes us through a number of examples in The Magic of Reality. This was an excellent book from which I learned a heck of a lot.

Thursday, June 25, 2015

Dream Big

3G Capital has become a well-known outfit thanks to its buyouts of some large American firms and its partnership with Warren Buffett's Berkshire Hathaway in some of its purchases. While this company may appear to be an overnight success, it is actually the result of decades of the blood, sweat and tears of its Brazilian founders. Cristiane Correa's book Dream Big tells the story of this firm and its predecessors.

Wednesday, June 24, 2015

Notifications for London Stocks

The FTSE 100, the index of large caps in London, still sits below its 1999 high! I myself have had some luck finding some value on the London Stock Exchange, though mostly with smaller names. To track the filings of these stocks, I have now made notifications available on conferencecalltranscripts.org for stocks on the LSE.

Monday, June 22, 2015

When To Rob A Bank

Long-time readers will know that I'm a big fan of the Freakonomics franchise, having reviewed many of their previous books on this site. While none of the subsequent books has been as good as the first (which I highly recommend), they are all still very good.

Tuesday, June 16, 2015

Making of the Modern World

If you enjoy drowning in a sea of numbers, Making of the Modern World is for you. This Bill-Gates-recommended book is about all the different materials we use and have used, with emphasis on changing trends and directions.

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