Category: Research
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Yields Are Headed Higher For Longer… [Dirty Dozen]
Remember the last time you sold a currency at what proved to be the bottom, or bought at the exact top? That wasn’t just bad luck — nor even just foolishness. You and the crowd caused the bottom, or the top. ~ John Percival, “The Way of the Dollar” In this week’s Dirty Dozen [CHART…
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Michael Burry’s Investment Strategy Explained
We analyzed every Michael Burry write-up on Value Investors Club (VIC) to break down his investment strategy and learn how he dissects stocks.The following are Burry’s five factors for approaching potential investments. He looks for: Small and micro-cap companies that are illiquid Downside protection Low share counts Value on an absolute basis Unrestricted parameters Let’s…
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Value Investing Q4 Letter Recaps: ROST, EW, SPOT
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in roughly three minutes. Within each idea we answer four main questions: What does the business do? Why is it a good bet? Why does the opportunity exist? What is the prize if you’re right?…
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Top Bruce Greenwald Value Investing Resources
Bruce Greenwald is one of the most prolific Value Investing teachers out there.His superpower is simplifying complex subjects like valuation and competitive analysis to help investors beat Mr. Market.Here’s my collection of my favorite Bruce Greenwald Learning Resources. You’ll have hours upon hours worth of MBA-level value investing lectures, resources, documents, PDF’s and podcasts at…
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Double-Barrelled Buy Signal… [Dirty Dozen]
Price makes news, not the other way around. A market is going to go where a market is going to go. ~ Paul Tudor Jones (h/t @MikeWShell) In this week’s Dirty Dozey [CHART PACK], we look at a triple-barrelled buy signal in risk-assets and go through last week’s rare multiple breadth thrusts and what they…
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Value Investing Q4 Letter Recaps: MFG.AX, BJ, ARW
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in roughly three minutes. Within each idea we answer four main questions: What does the business do? Why is it a good bet? Why does the opportunity exist? What is the prize if you’re right?…
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Macro Ops 2022 Performance Review (Part 1)
At the end of every year, we (the MO team) spend a couple weeks dissecting last year’s trading performance. We analyze what did/didn’t work, and hopefully come away with some valuable lessons to up our game in the new year. This was a tough trading year, especially for our type of trading that seeks to…
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Value Investing Q3 Letter Recaps: CLAR, UD, TIGO
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in roughly three minutes. Within each idea we answer four main questions: What does the business do? Why is it a good bet? Why does the opportunity exist? What is the prize if you’re right?…
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Your S&P Targets Are All Wrong… [Dirty Dozen]
When a new bull market is launched it is *not* typically widely accepted or believed at the outset. A new bull market needs a “wall of worry” to climb. So rather than cheering for a Fed Pivot, sentiment should turn deeply skeptical of the Fed’s efforts: “The Fed will be pushing on a string” rather…
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What Really Drives Cyclical Inflation [Part 2]
***Note: The following is a sample of a premium report that’s only available to members of the Macro Ops Collective. If you want to protect your portfolio against the big macro changes coming in the new year, then make sure you sign up for the Collective today. Enrollment will remain open until Sunday, January 1st…