Stanphyl Capital’s letter to investors for the month ended November 30, 2023.
Friends and Fellow Investors:
For November 2023 the fund was down approximately 11.5%* net of all fees and expenses.... Read More
Night Market Research's report on Mondee Holdings Inc (NASDAQ:MOND), a $500m OTA/travel services company.
Mondee, an airfare consolidator, trades at sector leading multiples despite mediocre growth, extreme leverage, and... Read More
Legendary investor and businessman Charlie Munger passed on November 28, 2023, at the age of 99.
Poor Charlie's Almanack is a compendium of eleven of Charlie's iconic talks on investing, life,... Read More
As the investment world mourns the passing of Charlie Munger, Burgundy’s Co-Founder Richard Rooney pays tribute to the business titan.
The portrait featured of Charlie Munger and Warren Buffett can... Read More
In his 1996 Berkshire Hathaway Annual Letter, Warren Buffett says to be successful at investing, you don’t need to understand complex concepts like beta, efficient markets, modern portfolio theory,... Read More
Arnott Opportunities (Cayman) Fund commentary for the month ended October 31, 2023.
The fund returned negative -2.72% for the month of October 2023. Net exposure averaged 40% long, while gross... Read More
Investment banks and hedge funds are both financial entities. But, the similarities end there. They exist for different purposes, and their business models are not similar. More factors set... Read More
For many decades, Sears was the leading department store in America.
Q4 2019 hedge fund letters, conferences and more
If you’re looking for value stocks, and exclusive access to value-focused hedge... Read More
In his 1993 Berkshire Hathaway Annual Letter, Warren Buffett explained why an investor’s primary concern should be whether their investment will provide enough purchasing power over time to compensate... Read More