Business

Surviving The Pandemic: Five Great Lessons, Many Great Teachers From Munger to Churchill Q2 2020 hedge fund letters, conferences and more The world is unpredictable. Anything can happen. If you didn’t know before the pandemic, you know now. So people seek comfort in predictions Charlie Munger, famed investor and polymath, is rightly contemptuous of prognosticating […]

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Activities to take Fannie Mae and Freddie Mac out of conservatorship continue, and as more and more information comes out, it’s sounding like the government will have a lot to answer to when the Supreme Court hears the Collins case in December. Odeon Capital hosted a conference call with former Fannie Mae CFO Timothy Howard, […]

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Did you believe that the monetary policy of Ben Bernanke in a response to the Great Recession was extraordinary? Nah, Bernanke was an amateur compared to Jerome Powell. The latter quickly reintroduced ZIRP, implemented unlimited quantitative easing, and provided bailouts to Wall Street – and now he risks higher inflation as a result. Q2 2020 […]

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Tesla stock is slipping after the company announced its Q3 2020 deliveries. The automaker beat consensus estimates for its Q3 2020 deliveries, but given that Tesla stock was priced for perfection, it isn’t a big surprise that the beat wasn’t good enough to boost the shares. Q2 2020 hedge fund letters, conferences and more Tesla […]

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New S&P Report: Technology M&A goes from locked-down to free-spending as Q3 soars to historic heights Q2 2020 hedge fund letters, conferences and more The M&A backlog that built up in the early days of the COVID-19 lockdown flooded into the market in Q3, pushing acquisition spending to the second-highest quarterly level in nearly two […]

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Back in the early 1970s, there was a group of companies which are referred to as “The Nifty Fifty” in the US. These were companies which were expected to grow earnings forever, by taking advantage of trends in demographics and the economy of the future decades. The stocks were often described as “one-decision”, as they […]

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It was one of our most “unluckiest” trades at RiskHedge. We recommended this trade to our premium subscribers on February 19, which was the exact day the US stock market peaked before the “corona crash,” as you can see here: Q2 2020 hedge fund letters, conferences and more The next morning all hell broke loose. […]

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Cintas Corporation (VIE:CTAS) provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other […]

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Excerpted from Stanphyl Capital’s September 2020 letter to investors. We remain short the biggest bubble in modern stock market history, Tesla Inc. (TSLA), which currently has a fully diluted market cap of approximately $445 billion, roughly equal to those of Toyota, VW, GM, Daimler, BMW and Ford combined despite unprofitably selling fewer than 500,000 cars […]

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