Tuesday, April 15, 2014
Thursday, April 3, 2014
Jim Chanos was on CNBC today talking about the slow death of the PC industry. He is long the innovators like Apple and Samsung but is short HPQ, IBM, and the disk drive maker. He thinks they will lose out to the cloud movement - Google and Amazon even make their own servers. Over half of HPQ's cash flow is from factoring receivables which they only disclose in the footnotes and they changed management incentive to FCF. He is not short Microsoft since he thinks they are figuring out the cloud.
Tuesday, April 1, 2014
Michael Mauboussin gave the keynote address at the recent 17th annual Credit Suisse Asian Investment Conference. His talk was about his recent book and how to untangle skill and luck in the business context. Its good stuff. Enjoy:
Wednesday, March 19, 2014
Joel Greenblatt was on CNBC today. He surprisingly recommended buying a bucket of cheap tech stocks: AAPL, HPQ, etc. He thinks it comes down to valuing businesses and buying them at a discount. He thinks large caps have a much better valuation than small caps.
Monday, March 17, 2014
George Soros recently gave a talk at the LSE on the Tragedy of the European Union. Very shortly he is also releasing a book, which has the same title. Basically he thinks the EU is a mess and will eventually be broken apart. Enjoy: