Sep 18, 2012

What I’m Reading

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What I’m Reading:

  • Steve Keen on Macroeconomic theory and post Keynesian, post Austrian, seemingly post everyone Economics. I still haven’t fully digested this presentation but i look forward to finishing it soon. [youtube=http://youtu.be/3g_eFf-n04o] [youtube=http://youtu.be/KQ9aNMMNTP8]
  • Insightful as ever, Gavyn Davies puts forward his hypothesis of how Bernanke’s evolving thought process has changed the Fed’s reaction function.
  • A great Interview with Amit Wadhwaney of the Third Avenue International Value fund. He really made me reconsider my notions of how one should think about taking exposure to equities of different countries. My only wish is that he would have talked about how they manage / think about currency exposure. My assumption is that when you invest as they do, with a large margin of safety, your expected return should more than offset any adverse currency fluctuation, within reason.
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Sep 9, 2012

No Mean Sum Book Review – The Dhandho Investor

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Dhandho! I recently stumbled upon a video of Monish Pabrai and Guy Spier speaking to students at UC Davis, and so enjoyed both the content and clarity of thought that, although I promised myself I wouldn’t read any more value investing books until I finished Security Analysis, one Sunday morning I picked up The Dhandho […]

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Aug 31, 2012

John Maynard Keynes – The Once and Future Value Investor

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Imagine if you will, that when you were 26 you quit your job at the Treasury to write a book predicting how the terms of peace would cause economic and social disaster, even war, and all of it came true. Then you sat down and wrote the book that more or less began the discipline […]

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Aug 16, 2012

ENGILITY (EGL): What About this Spinoff Makes a Baupost Alum Buy 11%?

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[youtube http://www.youtube.com/watch?v=01-2pNCZiNk&w=420&h=315] Overview: On July 28th 2011 L3 communications (LLL), a major military contractor announced its intention to spinoff a number of its business units into a new company, Engility Holdings Inc. (EGL). On July 17th 2012 the spinoff was completed and Engility and began trading as a separate entity. The company faces significant headwinds […]

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