Category: Research
-
Fresh Ideas From Q4 Investor Letters
Futures down, Coronavirus cases up. I’m not a doctor nor an epidemiologist. I have no idea how bad the Coronavirus could get.Here’s what I do know. Erratic price movements based on non-fundamental factors present buying opportunities. Remember, volatility a friend to those with level heads and rational behavior.We’re covering three new Q4 letters this week.…
-
Your Monday Dirty Dozen [CHART PACK] #22
Being prepared, on a few occasions in a lifetime, to act promptly in scale in doing some simple and logical thing will often dramatically improve the financial results of that lifetime. A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind, loving diagnosis…
-
A Record-Breaking Market
Back in October, I wrote a piece for Real Vision titled Market Tops and Archimedes’ Lever. I talked about why I was bullish the market. If you can remember, those four very long months ago, people were very — and I mean very — bearish. I believe I was one of the only bulls on…
-
We’re Not Done Yet: More Q4 Investor Letters
We hope you enjoyed your extended weekend with friends and family. You might be thinking, “does Value Hive take a day off?” The answer is no! In fact, we’re writing this intro on Monday morning.We don’t snooze so you can stay up-to-date on all things value investing.This week we’re diving into two of my favorite…
-
Your Monday Dirty Dozen [CHART PACK] #21
As an alternative approach, one of the traders I know does very well in the stock index markets by trying to figure out how the stock market can hurt the most traders. It seems to work for him. ~ Bruce Kovner Good morning!In this week’s Dirty Dozen [CHART PACK] we look at positioning in the…
-
Jakob Fugger: Timeless Investing Lessons From The World’s Richest Man
“Through a combination of businesses in precious metals, goods and financing, he was able to become the leading merchant and financier of his time. Jakob Fugger is the best-known face of the Fugger family. His portrait with the gold cap, which was made by Albrecht Dürer, shows him at the high point of his powers.”…
-
Musings: Pareto’s Law, Fed Independence, and Retail Traders Gone Wild
Alex here with your latest Friday Macro Musings…As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Latest Articles/Podcasts/Videos — Your Monday Dirty Dozen [CHART PACK] — I look at buy climaxes, wild speculation, some strangely muted sentiment, and positioning data, then get…
-
Ackman Nets 50%, More Investor Letters & Housel’s Latest Long-Form
Hope you’ve had a great week so far! Lots going on in the value corners of the markets. As always, we’ve got a bunch of Q4 Letters to roll through.But before we do that, check out my latest podcast with Cliff Sosin of CAS Investment Partners. I had a blast listening to Cliff spout off…
-
Your Monday Dirty Dozen [CHART PACK] #20
Try as one might, when one looks into the future, there is no such thing as ‘complete’ information, much less a ‘complete’ forecast. As a consequence, I have found that the fastest way to an effective forecast is often through a sequence of lousy forecasts. ~ Paul Saffo Good morning!In this week’s Dirty Dozen [CHART PACK] we look at buy…
-
Illiquid Stocks: The Good, The Bad and The Ugly
Illiquid stocks are the last frontier for investors seeking an informational edge. It’s the wild west of financial markets. A stock picker’s dream. But it’s not all glam and gold on the lower end of the liquidity spectrum. Illiquid stocks are as great as they are dangerous. Like anything, it’s what you don’t know that…