Bridgewater’s three CIOs discuss why the economic expansion is likely to stay durable even as it slows, why a sustained expansion with central bank easing isn’t as good for assets as it might seem, and the opportunities they see.
In this letter to shareholders, the team at Polen Capital shares their thoughts on AI. Despite all the hype, the Polen team has a constructive long-term outlook on AI’s transformative potential but advocates a patient, globally diversified, and active investment approach focused on quality companies, while being mindful of uncertainty and volatility along the way.
In this Q2 2024 update to investors, Bill Nygren and the team at Oakmark Fund give their perspective on the current growth stock dominated market environment.
Kurt Kara and the team behind Maj Invest Value Aktier provide their quarterly portfolio update in their second quarter 2024 letter to shareholders.
In this interview with Bloomberg, Howard Marks shares his views on the US economy, the opportunities he sees in China, and the debt woes in the country’s real estate market.
Mohnish Pabrai’s recently visited The University of Nebraska, where they discuss a number of interesting topics including advice for young investors, how to evaluating a management team, and his specific investment thesis of CONSOL Energy vs. IPSCO.
In this Bloomberg interviews, AQR co-founder Cliff Asness discuss the unpredictability of financial markets since 2002. He highlighted how extreme events, like the tech bubble and COVID-19, challenge assumptions. Asness emphasize how investors need to understand not only investment pain, but also the severity and duration.
In this keynote address at the 2024 Value Investing Conference, Jason Zweig, tenured investing columnist for The Wall Street Journal, discussed the continued relevance of Benjamin Graham’s principles of value investing, 75 years after the publication of Graham’s classic “The Intelligent Investor”.
In this episode of Capital Allocators, Michael Mauboussin explores one of his most recent pieces on “Pattern recognition”. Examining when it is effective and when it falls short. It then transitions to discussing the evolving nature of public markets, inspired by another of Mauboussin’s recent research reports titled “Birth, Death, and Wealth Creation.”
In this interview with the Wall Street Journal, Ray Dalio, Bridgewater Associates founder, discuss what can history tell us about the current-day economy. Ray explains how it helped him form principles that guided him in business and daily life, the changing world order and diversification in investing.
Are you ready for the next market downturn? François Rochon certainly is. As founder of Giverny Capital, he has spent decades studying and investing in the stock market. His approach is grounded in thorough research and a long-term perspective, allowing him to weather even the most turbulent market conditions. In this interview, Rochon shares his insights on how investors can prepare for market downturns and come out ahead.
In their latest article, Michael J. Mauboussin and Dan Callahan explore the question of stock market concentration.
During his recent presentation at the Value Investor Conference, Rob Vinall explored the concept of economic moats in both static and dynamic economies.
In this interview on the ‘In Good Company’ podcast, Howard Marks outlines his six key principles for successful investing and a cover a number of other subjects.
In this interview with CNBN, Stanley Druckenmiller discuss the impact of AI technology, US government policy, why Druckenmiller cut his Nvidia stake and his take on the latest market trends.
In this interview Nassim Taleb provides five key investing lessons where he advocates for a cautious, informed approach to investing, emphasizing the importance of understanding one’s own limitations and avoiding unnecessary risks.
During his recent interview with The Investor’s Podcast, Mohnish Pabrai discusses how to use the Buffett system to grade people, the principles Mohnish lives by and why Buffett and Mohnish (do not) take notes.
Karen Karniol-Tambour shares her thoughts on the 2024 macro outlook, touching on where to find geographic diversification, how we’re approaching geopolitical risk, the impact of AI on inflation, and more.
Cliff Asness discusses his struggle with emotional responses to market fluctuations despite his long-term investment philosophy.
In his latest memo, Howard Marks explains that debt is used to increase capital efficiency because debt is generally cheaper than equity, allowing greater asset ownership and potential profits when conditions are favorable.
In this fireside chat at USB, Bill Ackman discusses the value of understanding the predictable nature of businesses, akin to bonds with varying coupons and no fixed maturity, emphasizing the higher worth of early years in a discounted cash flow analysis.
Tom Gayner and his Markel colleagues had over 2,500 people attending (large brunch!) discussing the Markel business and investment philosophy.
Todd Combs from Berkshire Hathaway’ pay tribute to Charlie Munger. Todd shares personal anecdotes and insights into Munger’s profound influence on the investment world and his unique approach to life and business.
Guy Spier hosts the VALUEx conference ‘Berkshire edition’ – An opportunity to hear from people who have been life-long students of Warren, Charlie, and the Berkshire Hathaway system.
In this interview with MIT’s Brass Rat Investments, Mohnish Pabrai explains why young people have a distinct advantage in identifying emerging trends and investment opportunities due to their proximity to cultural and technological shifts.
