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Master Series: Francois Rochon
Let’s face it, for most, achieving decent returns from investing can be remarkably difficult at times. Achieving consistent returns is even more so, and outperforming the markets over the long term is harder still. Few investors can do it. Francois Rochon is one of those who can and has; his Rochon Global portfolio (that serves as a model for clients at Giverny Capital) has delivered a 15.3% annual compound return for nearly three decades, outperforming the benchmark by more than five percent per annum. By 2020’s year end, the Rochon Global portfolio’s cumulative return since inception in 1993...
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Hear New Investment Ideas From Two Of The Top Shortsellers
ValueWalk will co-host the next Contrarian Conference on April 20 at 9 a.m. Eastern with The Contrarian Investor Podcast and Breakout Point. This time around, Grizzly Research and Bleecker Street Research will be making presentations. Grizzly ResearchThis year, Grizzly has published short reports on Alpine 4 Holdings Inc (OTCMKTS:ALPP), National Beverage Corp. (NASDAQ:FIZZ) and DouYu International Holdings Ltd (NASDAQ:DOYU). The firm has had an excellent year so far and is one of the top short-sellers in terms of performance of the shorts it has reported on. Alpine 4Grizzly describes Alpine 4 ...
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Dow, S&P 500 again end at records as Wall Street rally continues
New York (AFP) - Wall Street saw no reason to stop rallying as the US economy pulls out of its downturn, lifting the Dow and S&P 500 to their second consecutive record on Friday. At the close of US trading, the benchmark Dow Jones Industrial Average had gained 0.5 percent to end at 34,201.13. The broad-based S&P 500 rose 0.4 percent to hit 4,185.53. The tech-rich Nasdaq Composite Index saw slightly less ebullient trading, gaining 0.1 percent to close at 14,052.34, about 125 points below its all-time high. Both the S&P 500 and Dow also posted their fourth consecutive weekly gains, ending a week...
AFP
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HVS 1Q21: Grizzlyrock’s Investment In Ciner Resources
Hidden Value Stocks issue for the first quarter ended March 31, 2020, featuring interviews with Connor Haley, the Managing Partner of Alta Fox Capital Management, and with George Livadas, the Portfolio Manager of Upslope Capital. Blue Tower’s top value investment, EZCORP Inc (NASDAQ:EZPW), from their 2020 annual letter. GrizzlyRock Value Partners’ new investment idea Ciner Resources LP (NYSE:CINR), as highlighted in their 2020 annual letter.
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HVS 1Q21: Alta Fox Stock Idea – Pollard Banknote
Hidden Value Stocks issue for the first quarter ended March 31, 2020, featuring Alta Fox Capital Management and their stock idea, Pollard Banknote Ltd (TSE:PBL) (OTCMKTS:PBKOF). Alta Fox: IntroductionAlta Fox Capital Management is a Fort Worth, Texas-based investment manager that primarily focuses on identifying under the radar, high-quality businesses with competitive advantages at cheap multiples of mediumterm (three to five years) earnings power. Last year, the firm was able to take advantage of the market volatility to buy companies conforming to this framework. Alta Fox’s desire to find u...
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Black Bear Value Partners 1Q21 Commentary
Black Bear Value Partners commentary for the first quarter ended March 31, 2021. Q1 2021 hedge fund letters, conferences and more "In times of joy, all of us wished we possessed a tail we could wag." - W.H. Auden To My Partners and Friends: Black Bear Value Fund, LP (the “Fund”) returned +13.6%, net, in March and is +25.2% YTD.The S&P 500 returned +4.4% in March and is +6.2% YTD.The HFRI index returned +2.0% in March and is +10.1% YTD.We do not seek to mimic the returns of the S&P 500 and there will be variances in our performance.Amidst the turbulence of the financial crisis in 2008 I met my ...
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2021 Sohn Investment Conference Featuring Einhorn, O’Shaughnessy And More
The 2021 Sohn Investment Conference will be held virtually on May 12, 2021 and Valuewalk will be covering the event. Stay tuned for our in-depth coverage! Q4 2020 hedge fund letters, conferences and more Check out our coverage of the 2020 Sohn Hong Kong Conferences here. All proceeds from The 2021 Sohn Investment Conference will be directed to Rockefeller University, which will provide unrestricted funding for scientists working on some of the highest-risk, highest-reward projects primed to advance the treatment of pediatric cancer as well as other public health priorities. Rockefeller Univers...
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Uncovering Value: Equity Commonwealth
In this piece, “Uncovering Value: Equity Commonwealth (NYSE:EQC),” John shares his take on EQC which was front and center in our letter. Q1 2021 hedge fund letters, conferences and more Commonwealth Equity: Ready to SwingWith no called third strikes in investing, value investors are well served to wait patiently for the best pitches to hit. That's what real estate investor Sam Zell is doing with Commonwealth Equity – Chris Pavese suggests joining him. They’ve been around for a long time, but special-purpose acquisition companies are all the rage today. Celebrated (and notso- celebrated) execut...
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Del Principe O’Brien Financial Advisors March 2021 Commentary: Biogen Inc
Del Principe O’Brien Financial Advisors commentary for the month ended March 2021, discussing their portfolio holdings and their recent investment in Biogen Inc (NASDAQ:BIIB). Q1 2021 hedge fund letters, conferences and more Dear Fellow Investors, “There's nothing particularly earth-shattering about what we try to do. We believe the market often misprices stocks due to neglect, emotion, misinterpretation or myopia, so our value-add comes from bottom-up stock selection. We're trying to buy at low prices relative to our current estimate of intrinsic value and we want to believe that intrinsic va...
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Is Shiller Losing Confidence in His Own Research?
I believe that Robert Shiller is gradually losing confidence in his own research. He still has confidence in the findings. The findings are rock-solid and there is no reason to doubt them. But what really matters are the how-to implications of the research — what should investors be doing differently because of Shiller’s finding that valuations affect long-term returns? Shiller has made several statements in recent months indicating that he is pulling back from an expansive understanding of the significance of his work. Q4 2020 hedge fund letters, conferences and more Timing The Market With Th...
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