Category: Research
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Inflation Turned Me Into A Cannibal…
In his textbook study of historical inflation titled “The Great Wave,” David Fischer recounts a tumultuous period in Europe that reached its climax in 1316, writing: Then, inconceivably, torrential rains came again in 1316. The grain crop failed a third year in a row. Europe began to experience the worst famine in its history. When…
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Value Investing Q3 Letter Recaps: PX, TRMR, HGTY
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in 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? Quick…
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Why Mexico Is Set To Outperform… [DIRTY DOZEN]
The most obvious way to do something complex, such as govern 100 million people or walk on two skinny legs, is to come up with a list of all the tasks that need to be done, in the order they are to be done, and then direct their completion from a central command, or brain.…
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Value Investing Q3 Letter Recaps: SECU, SSNC, META
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in 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? Quick…
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Oil’s Fall Is Temporary… [DIRTY DOZEN]
The less successful you are, the more you’re going to have to work to correct the situation. If the portfolio is doing well, you’ll have to work less. There is an inverse relationship. ~ George Soros In this week’s Dirty Dozen [CHART PACK], we look at seasonality cycle composites, Bull regimes in Europe, check in…
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Value Investing Q3 Letter Recaps: SATS, ENVA, HAT
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in 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? Quick…
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Liz Ann Sonders’ Top 3 Investment Principles
Liz Ann Sonders is the Chief Investment Strategist for Charles Schwab. She handles strategy and research for their retail and institutional clients. Over the years, Sonders has shared plenty of investment insights in her interviews with outlets such as the Wall Street Journal and Barron’s. Here are the top three investment principles we can learn from…
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Homebuilders Are Set To Rise… [DIRTY DOZEN]
What winning traders share, however, is that they all understand that losing is part of the game, and they all have learned how to lose… ~ Jim Paul’s, What I Learned Losing A Million Dollars In this week’s Dirty Dozen [CHART PACK], we look at changing cyclical leadership and explain why this risk-on rally has…
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Value Investing Q3 Letter Recaps: LAZ, Small Banks (MFBP & CZBS), and BOX
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in 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? Quick…
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Value Investing Q3 Letter Recaps: EMBRAC_B, JOE, and API
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in 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? Quick…