In this series, we've asked Covestor managers: "What is the single most important lesson you've learned about being a successful investor, and how do you try to apply that today?" Author: Brendan Ruchert-Dixon Covestor model: Alpha Trapper Investing has never been my full-time profession, but …
Sorry, I don't speak Finglish
We've been harping on the importance of plain language in investment product fee statements, which we believe in strongly. But as Brett Arends explains in a recent WSJ column, it's not just fees that suffer from obfuscation. Financial advisors need to speak to clients in …
Greenlight Capital's investment thesis for Yahoo
Dealbreaker posted the 1Q11 letter to shareholders from David Einhorn's Greenlight Capital. The hedge fund went long Yahoo last quarter - here's why: The Partnerships established a new position in Yahoo! (YHOO) at an average cost of $16.93 per share. The company developed an extraordinary …
Here's why Greenlight Capital bought Best Buy
Dealbreaker posted the 1Q11 letter to shareholders from David Einhorn's Greenlight Capital. The hedge fund went long Best Buy (NYSE: BBY) last quarter - here's why: Best Buy Inc. (BBY) operates consumer electronics stores in the U.S., Canada, Mexico, Europe and China. The market is …
The dollar's collapse - what it means
A lot of good material has come out recently to illustrate the U.S. dollar's decline and what it might mean for investors. Here are a few particularly worthwhile pieces. - First, some perspective. David Singer's annotated long-term chart of the USD Index shows that while …
Carter LeCraw on values-based investing in 'American Heroes' [radio interview]
Covestor model manager Carter LeCraw was recently a guest on News@7. In the interview embedded below (hit the play button to listen), Carter discusses his firm's values-based investing approach, which seeks exemplary companies demonstrating values of "integrity, humility, diligence, and caring." Carter's firm American Values …
World's largest copper producers (FCX, BHP, SCCO)
Author: Mark Holder Covestor Model: Opportunistic Arbitrage Disclosure: Long FCX In the financial world these days, information is loosely passed around as fact whether correct or not. That makes the following table interesting, because a lot of people talk about copper and investing in the …
Fight of the century: Keynes vs. Hayek round two
From Econstories.tv, here's the much awaited sequel to 2010's Fear the Boom and Bust, a Hayek vs. Keynes Rap Anthem. With the market riding high following massive government spending, but U.S. unemployment still around 9%, it's time for round two: Background from the creators: According …
Understanding leveraged ETFs
A number of Covestor models use leveraged ETFs as part of their investment strategy. SymmetricInfo has a two-part post illustrating the mechanics of leveraged ETFs that work on a daily return basis, and the potential pitfalls in these securities that not all investors are aware …
Who is the sovereign for whom sovereign wealth funds invest?
Author: Vivian Lewis Covestor model: International Yield As North Koreans starve while their regime totters on, as Bashir Al-Assad shoots people in areas of Syria opposed to his dynasty, a question springs to mind: Who exactly is the sovereign for whom sovereign wealth funds invest? …