Hedge Fund Insiders

ValueAct Capital Just Bought $1.2 Billion Of This Stock….

ValueAct Capital Just Bought $1.2 Billion Of This Stock….

If you ask me, $1.2 billion is a lot of money. Even for Jeffrey Ubben (that handsome devil!) and ValueAct Capital $1.2 billion is a lot of money. Therefore I think I can safely conclude that when Ubben has ValueAct invest $1.2 billion into a single company…….that he must have serious conviction in the investment idea. ValueAct Capital’s Q1 letter disclosed this $1.2 billion position […]

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Charlie Munger Actually Likes Something!

Charlie Munger Actually Likes Something!

As far as curmudgeons go, Charlie Munger takes the cake. Serving for decades as Warren Buffett’s vice-chairman at Berkshire Hathaway Munger has a reputation for hating everything. Buffett has often joked about the fact that when he calls Charlie to discuss a possible investment for Berkshire the expected response is “no”. In the rare instances where Charlie says “yes” Buffett knows that he has found […]

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About That Index Fund That You Thought Was Diversified……

About That Index Fund That You Thought Was Diversified……

Everyone knows that when you buy an index fund that you are getting a widely diversified investment right? The S&P 500 is after all made up of 500 different companies. Look more closely my friends. Those index funds that you are buying today are much more concentrated in a few names than you think. Investors owning an S&P 500 index fund have more than 15 […]

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Buffett Was Right – Micro-Caps Smash The Overall Market

Buffett Was Right – Micro-Caps Smash The Overall Market

Are you ready for a bold claim? At the 1999 Berkshire Hathaway annual shareholder meeting Warren Buffett said the following: Shareholder: Recently, at Wharton, Mr. Buffett, you talked about the problems of compounding large sums of money. You were quoted in the local paper as saying that you’re confident that if you were working with a small sum closer to $1 million, you could compound […]

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