Archive for May, 2009
Notice that mutual fund flows are an inverse indicator for every major high and low in the stock market. No, the timing is not perfect every time. However at every major high and low, I bet that month the flows are inversely correlated in size.
-In May 2008, flows were strongly positive and the market peaked [...]
Paul Tudor Jones is simple THE man, my hero, and role-model. Watch and be inspired. Roberto’s testimony made me tear up.
Other Robin Hood Videos - Link
-16 gigabytes of flash memory
-no physical UMD drive, digital downloads only
-Memory Stick Micro slot
-3.8 inch screen
-Bluetooth support
-43% lighter than PSP-3000
-new PSP Gran Turismo, Jak & Daxter, Little Big Planet, and Metal Gear Solid titles on their way
-Old UMD PSPs will still be sold along-side
-release date is this Fall
Peter Thiel, Clarium Capital: fade recovery, commodity inflation, deflation of owned assets
Joseph Healey, HealthCor Partners: Long Valeant Pharmaceuticals (VRX), Long Hologic (HOLX), Long Life Technologies (LIFE)
Mark Kindgon, Kingdon Capital: Long Bank of America (BAC)
Steve Mandel, Lone Pine Capital: Long Strayer Education (STRA)
Jim Chanos, Kynikos Associates: Short for-profit education companies, Short high margin health-care companies like [...]
A year ago, famous portfolio managers presented their stock picks during the Ira Sohn charity event. The only one that did well was was David Einhorn of Greenlight Capital. Many value investors such as Michael Price, Rich Pzena, and Bill Miller got their heads handed to them to say the least.
These results prove that [...]
US VIDEO GAMES INDUSTRY - APRIL 2009
Software: $510.74M (-23%)
Hardware: $391.63M (-8%)
Accessories: $129.45M (-15%)
Total Games: $1.03B (-17%)
TOP-SELLING HARDWARE - APRIL 2009
Nintendo DS: 1.04M (+151%)
Wii: 340,000 (-52%)
Xbox 360: 175,000 (-7%)
PlayStation 2: 172,000 (+34%)
PlayStation 3: 127,000 (-32%)
PSP: 116,000 (-40%)
TOP-SELLING SOFTWARE SKUs - APRIL 2009
Title / Publisher / Units**
1 Wii Fit w/ Balance Board (Wii) / Nintendo / 471,000
2 [...]
Presented without further comment. Source
Uri Landesman, head of international equities at ING Investment Management, bought stocks in Russia and Brazil last week. Currently, his funds have about 30% of their assets invested in emerging markets — his largest proportion ever.
“I’m really stepping on the gas pedal,” he said.
-”Trust your Stuff” Investing Link
-Annie Duke Poker Tips that are Applicable to Trading Link
-Sun Tzu Art of Trading Link
-David Einhorn Investment Strategy Link
-Seth Klarman Baupost Group Notes Link
-Investment Advice from Charlie Munger Link
-Warren Buffett Interview Notes Link
-Alice Schroeder Q&A Notes, Buffett Biographer Link
-John Paulson 2008 Year End Report Notes Link
-Buffet’s Holy Grail of Investing Link
-Reminiscences [...]
-Looks for situations where mis-pricing is large and risk is small
-He wants to understand why it is cheap and misunderstood
-Buy it cheap and don’t worry about price targets
-If he decides he is wrong on something in terms of why he bought it, he exits. Period
-Never invent reasons to hold a position if original reasons are [...]
Warren Buffett didn’t really hit his stride until he met his investment partner Charlie Munger. He is famous for converting the best investor in history from last puff cigar butt value investing to buying great franchise businesses for the long-term. Here are some general investment tips from Charlie:
-Bet very seldom
-You have to figure out where [...]