jacobwolinsky

PPl loved this, Im surprised there were no comments.

No offense to the writer (he is far better than I am), but I think this article was a lot of fluff. I have been following the quarry story for over a year, here is an article I wrote on things I think Scott left out-http://www.valuewalk.com/2012/02/baupost-mega-quarry-more-unanswered-questions/#.Tz2MR072a8A

Why did he put so much money into something that needed Gov approval from more than one agencies? Hubris? Or am I missing something?

http://www.valuewalk.com/2012/02/whitney-tilson-likes-netflix-but-not-apple/

I didnt want to disclose name in article but here is a white paper from Mitch Julis, CEO of Canyon. He is a big value guy and very close with Steve Romnick. Anyone who is into credit will appreciate this article-http://www.valuewalk.com/2012/02/distressed-non-agency-rmbss-great-area-to-find-value/#.TznbTc7xFsI

How is this old? The company just started. I have no idea why its in the UK, maybe tax reasons? If you consider Feb 2011 just starting, then yes it is new. It is most likely UK based because this is Berggruen's baby, not Ackman's. Berggruen has raised 1 maybe 2 UK SPACs already and this is just another iteration. Hi Sdev, Thank you for clearing that up. I did not think it was new bc I thought it was 11, I asked a friend who is analyst at distressed hf in London and follows Ackman if he could confidentially find out more information. At the conference Ackman talked about the company for maybe 3 minutes. My friend couldnt find any info, neither could I. He thought it was new. Ackman does not even show up as one of the shareholders (as of yesterday at least). You seem to know this company well so if you have any insights please share. Hey Jacob, I just read about it a while ago when I was reading about Berggruen. He has a really interesting story, and if you look up his wikipedia, there are some great profiles on him. They talk about some of the SPACs he's done in the past and one of them most likely mentions the Justice SPAC. All in all, I don't think there's anything particularly special about it, aside from the fact that it may be selling at a discount (I haven't looked at it). I think Berggruen's last SPAC didn't do so hot if my memory serves me correctly, but overall his track record has been amazing. Thanks Sid, appreciate the explanation. I am also not interested in this stock, but am curious about the story. Will find some more info about Berggruen. I appreciate the help.

Feel free to critique. Unfortunately some of the best investors get so little press bc they are not in US/Canada http://www.valuewalk.com/francisco-garcia-parames-resource-page/#.TzAVelyCkhV

How is this old? The company just started. I have no idea why its in the UK, maybe tax reasons? If you consider Feb 2011 just starting, then yes it is new. It is most likely UK based because this is Berggruen's baby, not Ackman's. Berggruen has raised 1 maybe 2 UK SPACs already and this is just another iteration. Hi Sdev, Thank you for clearing that up. I did not think it was new bc I thought it was 11, I asked a friend who is analyst at distressed hf in London and follows Ackman if he could confidentially find out more information. At the conference Ackman talked about the company for maybe 3 minutes. My friend couldnt find any info, neither could I. He thought it was new. Ackman does not even show up as one of the shareholders (as of yesterday at least). You seem to know this company well so if you have any insights please share.

How is this old? The company just started. I have no idea why its in the UK, maybe tax reasons?

http://www.valuewalk.com/2012/02/bill-ackman-bought-30-of-justice-holding-limited/#.TyxLRlyCkhU

http://www.valuewalk.com/2012/01/david-einhorn-and-marc-lasry-purchase-eastman-kodak-debt/

Thank you! Looks like 2012 is shaping up so far to be better for Berkowitz, but it is far from certain yet.

Thought you guys would enjoy, just posted-http://www.valuewalk.com/2012/01/baupost-might-lose-money-on-mega-quarry-investment/#.TybMhVyCkhU

I think this is political because of the recent developments today, I explain in more detail here-http://www.valuewalk.com/2012/01/fsa-angry-greenlight-capital-saga-continues/

I checked out WSJ and not to gloat but think I did a better job for anyone interested in reading it-http://www.valuewalk.com/2012/01/greenlight-conference-call-live-updates/#.TyB5uW-CkhU

I know I agree this story is being updated. Greenlight also issued press release.

Curious for your guys thoughts http://www.valuewalk.com/2012/01/is-david-einhorn-guilty-of-insider-trading/#.TyA1WG-CkhU

While inception may be important, they are only underperforming vs the S&P in the 5 year number. The mid cap blend does outperform over the 5yr and 10yr, but that is an unfair comparison as they are an all cap fund. Holding the likes of MSFT and INTC. 2008 was a tough year, and clearly erased a lot of alpha. Since 1975, they have outperformed, which is pretty impressive. Their 3yr number is very good and everything under and including the 1yr number is solid. You can continue to have your own opinion about the fund, but the story is solid and there are few funds that invest the right way.

Not a value fund but still pretty impressive returns-http://www.valuewalk.com/2012/01/exclusive-brevan-howard-returns-12-12-in-2011/ Not only 2011 I can see from prior years, not bad...

Good point. He experienced it first hand growing up in Hungary. Psychological factors are always at play, even for the best investors.

Thoughts? http://www.valuewalk.com/2012/01/george-soros-expect-civil-unrest/

I actually spoke to my friend who is an analyst there and the returns for the mutual fund are better. Ill get you direct link.

Your welcome. The l/t record of the fund is good although the past 10 years havent been great. Either way (personally) I think 35 years speaks for itself. With mf also you have to deal with investors, redemptions etc.

This is my interview with Mark Foster, CIO of KM & Co. The company does ZERO press but they have outperformed the market for the past 35 years. They are totally value oriented and focus mostly on special situations. They also have a top performing smid cap mutual fund. Full interview is here-http://www.valuewalk.com/2012/01/exclusive-interview-with-mark-foster-cio-of-km-co/

Great value investor, had a nice year, this is exclusive boys and girls http://www.valuewalk.com/2012/01/exclusive-sandler-plus-returns-8-8-in-2011/