In the monthly update for May 2023, Kurt Kara and the other managers give their brief update on the Maj Invest Value Aktier fund. Here they highlight, among other things Meta as one of the bright spots.
Investor Stanley Druckenmiller explains how AI companies have dominated his long portfolio over the past 5-6 months.
In an interview with Morningstar, Bill Nygren, Portfolio Manager of the Oakmark Select Fund since 1996, talks about First Eagle’s investment process and reviews five of their investments, including Alphabet.
Kim Shannon is Founder and Co-Chief Investment Officer of Sionna Investment Manager, a value-based investment firm based in Toronto, Canada.
Shannon gives an introduction to value investing, how she selects companies for the portfolio and how we can use market history to our advantage.
Howard Marks, Co-Chairman of Oaktree Capital Management was the Keynote Speaker at the Ben Graham Center for Value Investing’s 2023 Value Investing conference in Toronto Canada. Here, Marks shares some of the most important points from his many memos over the years.
Cliff Assness, Founder and CIO at AQR, gives his take on the current market and where value can be found in this interview with Bloomberg. One of the asset classes that could be challenged, according to Asness, is equities.
In this interview with Julia La Roche, Guy Spier talks about his evolution from speculative and greedy Wall Street analyst to long-term and fundamental investor.
If you already know Spier’s story, there are some interesting passages and examples from Warren Buffett’s heavy focus on risk (after 54 minutes).
As a tradition, Thomas Gayner and the rest of Markel attend the Berkshire Hathaway Annual Meeting in Omaha. With so many like-minded investors, they’ve started a tradition of hosting a brunch for their own investors.
Matthew McLennan of First Eagle gives his assessment of the structural challenges facing the US economy – beyond the current debt ceiling challenge. In addition, they discuss the real estate market and risk management in the event of an economic crisis.
A major transformation of the automotive sector and a paradigm shift in home heating make electrification a strong investment trend in Europe. Nykredit Asset Management zooms in on electrification and gives its assessment of the sector.
In this investor article, Guy Spier talks about a number of interesting topics – investing in Tesla versus BYD, geopolitical risk in China and learning from other great investors.
Aswath Damodaran, a professor at NY University, talks to Morningstar about a number of interesting topics, not least valuation, which is his specialty.
“Valuing a company is understanding the business. Understanding a business is not going through a financial statement and computing ratios. It’s figuring out what makes a business tick.”
Thomas Shrager and colleagues at Tweedy Browne provide their assessment of the current market in their 1st Quarter 2023 Commentary.
In the run-up to Berkshire’s annual meeting, Danish Stig Brodersen has a discussion with investor Mohnish Pabrai. Here, Pabrai shares his views on Alibaba, Constellation Software, Reysas Logistics and Shinoken
Professor Aswath Damodaran from NY University reviews his model for bank valuation, which in the wake of the banking crisis is all the more relevant for investors in US as well as Danish banks.
CNBC interview with Mario Gabelli, founder and CEO of GAMCO, who shares his current thoughts on the streaming industry, Berkshire’s annual meeting and the banking industry.
Founder and Chief Investment Officer at AQR, Cliff Asness, shares his views on international diversification. “International diversification has hurt US-based investors for over 30 years, but the long-run case for it remains relevant. We show that both financial theory and common sense favor international diversification, buttressed by empirical supportive evidence.”
Professor Aswath Damodaran gives his assessment of the current banking crisis in the US, including whether we can expect more dominoes to fall.
Portfolio Manager Matthew McLennan and First Eagle share their views on the current market:
In a keynote at Georgetown University’s McDonough School of Business, Howard Marks shares his views on the US economy and debt situation.
Ray Dalio, founder of Bridgewater Associates, reflects on a number of interesting topics in this interview: the threat of China, population growth, the geopolitical situation and advice for the younger generation.
Stanley Druckenmiller shares his thoughts on investing in the current geopolitical situation. Of particular interest to us in the Nordics, as he is attending the Norges Bank Investment Management Annual Investment Conference April 2023.
Interview with one of Berkshire Hathaway’s two Portfolio Managers, Todd Combs. Combs talks about the experience of joining Berkshire Hathaway and working with Buffett and Munger.
