Even though it’s clear that income and wealth inequality have increased in the US, it’s hard to pin down the extent of the change. There are conceptual differences about... Read More

Relax, Mr Piketty, Inequality Will Be Reversed Big Time by Marathon Asset Management, dated Aug 2014. This is discussed in their new book Capital Returns: Investing Through the Capital Cycle:... Read More

We may soon see ads from hedge fund(s) once again, if you were waiting for that. The SEC is meeting next week on July 10, to hold a vote... Read More

North Korea has been in the news a lot already this year after the country claimed to have successfully detonated a hydrogen bomb at the beginning of January. The reclusive nation is... Read More

Turtle Creek manager's commentary for the fourth quarter ended December 31, 2015. The net asset value of Turtle Creek Equity Fund increased 7.0%1 in the fourth quarter, significantly better than... Read More

“Capitalism is the unequal distribution of wealth – but socialism is the equal distribution of poverty.” – Unknown Q3 hedge fund letters, conference, scoops etc Dear friends, This is my last post... Read More

Eric Heyman, portfolio manager of the Olstein Strategic Opportunities Fund, screens for companies whose financial resources and management heft can help them overcome strategic challenges and short-term problems reflected... Read More

Buffett recently gave an interview discussing how if he would have invested the first money he had $114.75 in 1942 in the S&P 500 and reinvested the dividends, he... Read More

On April 27, Wells Fargo & Company (NYSE:WFC) announced its entry into the prime brokerage business through the acquisition of Merlin Securities. It was a step in a new direction... Read More

The headline’s from yesterday’s Elliott Management investor letter centered on Paul Singer’s call for an end to “financial lawlessness.” The twenty-five page letter, however, included additional insight regarding the activist... Read More