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eclecticvalue

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    Live Chat with Joel Greenblatt

    in General Discussion

    Posted

    I thought it was interesting that he mentioned he is basically not doing any sort of bottom up analysis anymore.  He is full time working on his quantitative investment firm.  He said he still loved bottom up analysis, just that his other research was a full time job. 

     

    I wonder if he thinks that after a certain point (maybe when you manage above $5 Billion) that quantative is just as good as bottom up analysis.

     

    This is kinda what i've been thinking lately.  I guess we'll have to wait a bit longer to see, but besides David Tepper, is there anyone who is beating the MFI (over the past 5 years) by a large margin, who is managing above $5 Billion?

     

    I still think he is tired of doing security analysis. At a certain point when you are a successful money manager. You want to move to other areas such building an empire e.g. berkshire and sears or figure out quantitative strategies like Graham or Greenblatt. Obviously there are exceptions. In fact he doing interesting research. Since he is putting real money at risk. We shall see if his theories are true.

    Audio books and podcasts

    in General Discussion

    Posted

    For Podcasts: If you interested in technology, there are the TWIT network podcasts. They have podcasts in different topics of the technology field. Their flagship podcast This week in Tech. It is a roundtable with people who have worked in the business for quite sometime. Their discussions, insights, and experiences are interesting.

     

    If you want to hear another interesting podcast there is one called grammar girl. The only investing podcast that is amazing to listen to is Geoff Gannon's investor questions podcast. He is always insightful.

    Dr. Michael Burry Will Give a Lecture...

    in General Discussion

    Posted

    Did anyone but me notice the edit in this video it appears that he made some unflattering comments about some participants and it appears that this was deleted.

     

    I noticed at the end of the video when it got to Q/A. There was only one question that was shown. I wanted to hear the other questions that was asked.

    Joel Greenblatt's new book anticipation thread

    in General Discussion

    Posted

     

    Could there be a very simple shorthand for "beating" the market?  I guess.  But it seems like by definition, once it's discovered, it ceases to exist.  I don't believe in efficient markets but I do believe that if there is a simple stat program that could vastly outperform the market - the computers will "efficient the shit out of it". 

     

    That is my problem with the magic formula also and using any type of formulas in general

     

    So is the secret in his new book the value weighted index? From previewing the first few chapters on amazon he does talk about the different valuation methods and explains the time value of money very well as usual. At first I wanted to guess he was going to talk the reverse dcf and explains on finding the embedded expectations of the stock. But I guess I am wrong.

     

     

     

    I bought Joel's new book and look forward to reading it.  I actually respect what he's trying to do.  We all get asked all the time how someone should invest and it's am impossible question to answer.   The default is usually index funds and set it and forget it and don't expect to get rich off of it.   Maybe there is something better...but I doubt it.

     

     

    I would tell them to invest it with value oriented money managers and compile a list and hand it to them and tell them to find the one whom they can trust their capital with.

     

    Berkshire 13F

    in Berkshire Hathaway

    Posted

     

    In other words - what businesses will be around 20 years from now.  Pipelines.  Utilities.  Railroads.  This is the criteria.

     

    Starting a new thread on Buffett.

     

    I wonder if Buffett will try to buy Constellation Energy again. When Constellation went under in 2008 they tried to buy it but got outbid for it. The only problematic thing is Berkshire will have to get rid of the current management.

    Does the Motley Fool suck?

    in General Discussion

    Posted

    They seem to be hypocrites. One day they can be bullish or bearish depending on how the stock does that day. It is ironic, they call themselves long term investors. They publish these pieces regularly to generate buzz for their services. At the end of their articles; there is a small paragraph offering their services.

    Fund recommendation

    in General Discussion

    Posted

    Hey there is this guy named Ryan Morris of Meson Partners I saw his name on the notes of the Wesco meeting. Supposedly he will be a star fund manager in the future. The website is http://www.mesoncapital.com/

     

    Another Fund family not many people talk about are the Tocqueville Funds http://www.tocquevillefunds.com/index.html

     

    Also check out Royce funds http://www.roycefunds.com/#

     

    Paul Sonkins Hummingbird value fund http://www.hummingbirdvalue.com/

     

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