indythinker85

http://www.valuewalk.com/2013/11/steve-romick-letters/ http://www.valuewalk.com/2013/11/fpa-international-value-fund-letters/ http://www.valuewalk.com/2013/11/fpa-new-income/ http://www.valuewalk.com/2013/11/fpa-perennial-fund-inc/ http://www.valuewalk.com/2013/11/fpa-paramount-fund-letter/ http://www.valuewalk.com/2013/11/fpa-capital-fund/

I know but I wanted to stick with "safer", but they have appreciated nicely in a few months you have valuation metrics on hand on A shares vs HK? EV/EBITDA, PB, CAPE etc handy?

This decent (short) article on the topic http://blogs.barrons.com/focusonfunds/2013/11/05/its-a-communist-party-kraneshares-gets-chinas-a-shares-nod/?mod=BOLBlog

http://www.marketfolly.com/2013/11/hedge-fund-investment-conferences-in.html

Interesting comments from Lipper: I do not know when and from what sector a bubble will appear. Others have identified bubbles in 1929, 1962, 1987, 1998, 2000 and 2008. I could add some others that I have lived through. The main point is that we could be due for one, and it will be called an upside breakout to recognize how productive the world will be in the future. What has me particularly concerned is that various studies at Caltech and elsewhere have found that many participants in a simulated bubble knew it was risky, but were playing the so-called “bigger fool theory” — knowing full well that were paying too much but believing that they could sell at a bigger price. When the eventual decline is underway the most likely panickers will be the bigger fools turning on themselves. http://www.valuewalk.com/2013/11/behavior-patterns-help-hurt/

ill Ackman, American Hedge Fund Manager and CEO of Pershing Square, joined Dean Peter Tufano in conversation at Saïd Business School, University of Oxford on Tuesday 29 October 2013 as part of the School's Distinguished Speaker Series.

Ackman’s controversial Herbalife short also gained during October, as the stock fell 7 percent for the month after he announced in early October that he restructured his short bet. It has moved against him all year, with investors like Carl Icahn taking the opposite side. Ackman covered 40 percent of the equity short, replacing it with long-dated over-the-counter puts. The equity short is now about 10 percent of the portfolio. http://nypost.com/2013/11/04/ackman-making-a-4th-quarter-comeback/

I saw that outside my core competence but bought HK ETF. I doubt it, but any way to find out names from Oak filings?

I couldnt evaluate these banks (or US ones) but iv been looking and invested in Europe (mostly Greece for two years already) anyone have list of some Italian banks with stronger balance sheets at cheap valuations? Id consider some as a basket. Thanks!

I agree i dont consider myself a monetary realist but I enjoy Cullen's insights. However, I thought this piece was very weak for many reasons, least of which is he only referred to market valuations not stock specific valuations.

LOL such a good quote. Its outside my circle but was just curious, I dont plan to buy the company. Interesting earlier post about Boston and medicine i was thinking along those lines. I did not realize Baupost has 180 employees thought it was closer to 100.

LOL

Looks like a small position: According to the October stat sheet, Pershing Square has 11 long positions and 2 short positions. The fund has -10% gross exposure in a large cap short and -1% gross exposure in a mid cap short. It would appear that the -10% net exposure in large cap short is Herbalife Ltd. (NYSE:HLF) whereas the new short is a smaller one worth roughly $100 million. http://www.valuewalk.com/2013/11/ackman-herbalife-short/

Ackman up big in October; new short http://www.cnbc.com/id/101167553

Does anyone get Klarman's investments in these small bio-tech companies? http://www.valuewalk.com/2013/11/baupost-group-idix/

LOL OPAP they are making some big changes there CFO just left this week I saw in their press release

http://www.bloomberg.com/news/2013-10-31/greek-recovery-makes-stocks-world-s-best-as-paulson-buys.html

http://www.vanityfair.com/business/2013/12/dan-loeb-cuba-car-accident

http://www.marketfolly.com/2013/10/invest-for-kids-chicago-notes-2013.html http://www.valuewalk.com/2013/10/invest-for-kids-notes-gundlach/ http://blogs.wsj.com/moneybeat/tag/invest-for-kids-2013/ Different conference but Michael Price spoke anyone see further coverage of this? http://www.valuewalk.com/2013/10/gibi-notes-michael-price/

He knows Burry...and Burry recently opened up a new hedge fund. I wonder if there's a connection here. Any news on Burry? Im guessing no, but there's always prayer! Also guessing his letters to shareholders will be very hard to obtain. If anyone has seen anything since hedge fund news came out (has anyone even seen an SEC filing?) would love to read.

Theres an extra short clip of Whitman with Consuelo Mack not sure if everyone (slightly "hidden") saw it so here is the link http://wealthtrack.com/webextra/marty-whitman-philanthropist-making/

Nice shout out congrats Parsad! I have spoken to some famous value investors (Greenblatt, Chou etc) and many seem to be daily visitors here, keep it up! :D

http://www.marketfolly.com/2013/10/notes-excellence-in-investing-san.html and here http://www.valuewalk.com/2013/10/excellence-in-investing-sohn/

Interesting Nokia purchase, found via http://www.marketfolly.com/ and http://valuewalk.com/ Cheers! Third-Point-Q3-2013-TPOI-Letter.pdf

Very helpful thread thank you guys