I often see interviews with the well-known value investors out there. Usually they get asked the same old questions, including “What do you look for in an investment?” Can any of you really remember, recite and have implemented what they said? Sure, their views are interesting, but for me, value investing is a philosophy (the fundamental nature of knowledge), not a science.
News & Press
Don’t Fear Technology – Embrace the Machines
Jun 2, 2017
Machines are here and live. Don’t kid yourself. Did you know that soda vending machines are being price manipulated now per the temperature outside? When it’s hot, these machines price the item higher. Well, it stands to reason that the hotter it is, the thirstier you become, the more likely you need to replace the lost fluid and let’s face it, we’ve all bought that $5 (normal price $1) bottle of water in desperation, right?
The Incredible Shrinking Financial Industry
May 5, 2017
I was in London last week for the first time since I moved the firm over from London 18 months ago, and I saw 37 funds. In between meetings, I met with a few old colleagues. Nothing generally surprises me these days, but it really did surprise me the amount of people that I knew that were in the industry and now are in completely different areas or even doing nothing at all. How times change, and at a fast pace too.
Types of Mouse Traps
Apr 21, 2017
I live in the suburbs in the state of NJ and my neighbors are bears, deer and raccoons. It’s the way I like it. One of our close friends lives in an even more remote part and he is having a mouse issue. We were discussing mouse traps. Did you know there are at least 5 types on offer?
Free Cookies Inside…
Apr 7, 2017
It’s an old trick, I know, but how many emails claiming free stuff inside do you open? Hopefully you’re not offended, and here is something for free indeed!
The Death of The Sell-Side Analyst
Mar 24, 2017
So, what’s it all about? There is a huge change in Europe coming. Are you ready? Ready for what? The murky area of accountability in our industry is about to become a whole lot clearer. Amongst other things, it will have a huge impact on investment research. It will not only have an impact on Europe, but globally too. Very few firms are talking about it right now but if you are an investment manager anywhere in the world, you should be thinking about positioning yourself.
Introducing Your New Boss
Mar 10, 2017
Let’s face it: the machines have arrived. Are you sitting there wondering when you are going to be replaced by one? A 2013 study by Oxford economists Carl Benedikt Frey and Michael Osborne concluded (using a sophisticated algorithm, of course) that some 47 percent of US jobs were at high risk from automation in the next 20 years.
The Secrets to Finding Good Investments
Feb 24, 2017
I hear you thinking before we start: “Jim is going to tell me a story about how The Edge is so great and that you need to use them to have success.” Well, I’m not. I want to give you the benefit of my 25 years in the industry for you to be a more comprehensive investor. Sound better? Good. Let’s go.
ESC Credit Idea: Intelsat S.A.
Jan 25, 2017
(NYSE: I) (Debt: $15bn) One of the Leading Fixed Satellite Service Provider with a Market Share of 21% / New Generation HTS Satellites Will Partially Offset Weakness in the Network Services Segment / Ongoing Management Initiatives Move to Balance Sheet Improvement / Gradual Improvement in Leverage and Free Cash Flows Expected / Sizable Contracted Backlog of $8.9bn as of Sept. 2016
ESR Overview: METRO AG
Jan 19, 2017
(DAX: MEO GY) (€10bn, $11bn) Germany-Based Retail Group, METRO AG, to Create Two Separate Listed Entities / Split to End Spat Between German Billionaire (Mr. Kellerhals) and CEO Koch? / Break-Up Likely to Take Place Summer 2017