Circle of Competence

You are browsing the archives of 2008 May.

Last week, I argued why Eddie Lampert’s current strategy for investing Sears’ capital was rational. This week, I’d like to write a little about why the future is bright as well.
With all the nonsense media hullabaloo over Sears’ awful fiscal first quarter, I thought it might be nice to put the whole situation in [...]

With much thanks to one of my favorite blogs, Controlled Greed, I found a terrific article written by the Canadian magazine Moneysense.
The article is called The Next Buffetts, and it profiles 4 investors whom are thought by many to be “Buffett-like.” While this is a recurring article topic, (remember The Buffetteers?) I find each [...]

Welcome Everyone to the May 26, 2008 Festival of Stocks!
We had a lot of great submissions this week to the Festival, so pay attention and read up! They should provide you with much reading material for the week ahead.
For Past posts on the Carnival, or a description of how it works, please go here.
Some [...]

I read David Einhorn’s speech at the TCF charity conference, and once again, I’m impressed.
In the first part of the speech, Einhorn goes through some thoughts on Allied Capital, recapping the trouble he’s felt since 2002. In one swift analogy, Einhorn crushes the Allied naysayers:
“When I speak of investors I am including hedge fund [...]

Here’s a cool interview with David Einhorn by TheStreet.com on Allied Capital (ALD) and its devious ways… one I thought you guys might enjoy viewing. To this point, nothing about the man has struck me as fake or deceptive, and it’s a shame that honest, analytical individuals like Mr. Einhorn are vilified in [...]

I put up a new Reflection this evening on the use of ROIC metrics to improve and value an organization. Go over to Reflections on Value Investing and enjoy.
Here’s an excerpt:
Warren Buffett has made it clear that Return on Capital is one of the most useful metrics in evaluating the strength of a given [...]

Just a quick note for you guys today: Primus (PRS) presented at a Lehman Brothers Investor Conference this morning and they have posted the webcast from the event, along with their supplemental Powerpoint (32 slides), on their Investor Relations Page.
If my last post on the company interested you at all, I’d highly recommend you read [...]