Archive for December, 2011

Weekend reading

December 30, 2011 Leave a comment

Munger recommended books: Good place to find books for reading during the holidays

Maximizing Shareholder Value: Good management should many things to focus on besides stock price of a company

Categories: Reading

Weekend reading

December 23, 2011 1 comment

Root problem of India’s high inflation: A reallocation of wealth from increased productivity to lower productivity leads to high inflation. But politicians don’t look at it this way, they look at the votes

Frank Wren – The Atlanta Braves GM: Much can be learned about investing from the trades and approach of these baseball GMs.

The Problem with Financial Incentives: Non-financial incentives might be much better in getting most out of individuals

Categories: Reading

Weekend reading

December 16, 2011 2 comments

Bank of America considers rental program for foreclosure properties: Looks like the big banks are finally coming around to this idea. Last week I believe there was some press around Wells Fargo, maybe Citi, looking at similar program

Downward Spiral: Great piece by PIMCO’s Co-CEO Mohamed El-Erian

Buying a $1 for 50-cents: An investor discusses his investment in Aberdeen International

Black Friday isn’t the best day to buy: A computer scientist does research on the deals offered on Black Friday

Google gets patent on Driverless Car: Hopefully this will get rid of the bad drivers who drive 60 and sit in the fast lane

Bill Gates talk on technology: Great to hear his thoughts on what is coming up next in tech

Categories: Reading

HEK: Buyout candidate

December 13, 2011 1 comment

All the talk about fracking creating problems for drinking water has led media to discuss how NatGas should be banned. Although the more interesting talk should be about companies that can work on solving these problems. Heckmann is one of those few companies that gains from more regulation. Finally it seems that Heckmann is starting to get some press due to its business model. Buyout rumors are just that, rumors. Although it is good to see media finally discussing these business models as ones that will benefit from more regulation.

Bloomberg discusses how oil service companies might be eyeing Heckmann as a buyout candidate. I have always seen Heckmann as a company that will likely get bought out. Although it is too early for that to happen. I think you want Heckmann to still execute and show how its business model is superior to other companies. I think 2012 will be the big year for this. Also, at current prices it is unlikely Richard Heckmann sells. Remember he is 68 and this is likely his last major ‘masterpiece’.

Categories: Updates

Pershing Square Challenge videos

December 12, 2011 Leave a comment

The Columbia University’s Pershing Square Challenge is a value investor challenge for MBA students to present their ideas to Bill Ackmann and other hedge fund managers. The videos of these presentation is great viewing for investors. Great to see how Ackmann and other managers try to rip the ideas apart.

Categories: Reading

Weekend reading

December 9, 2011 Leave a comment

Losing Ground: A report on the cost of higher education and how US is losing ground to foreign countries

The Economist Innovation Awards: Narayana Hrudayalaya Hospital in Bangalore performs more heart operations at a lower cost and a lower mortality rate than leading American hospitals.

North Dakota sets oil production record: Amazing growth in production even with poor government support

Categories: Reading

Weekend reading

December 2, 2011 Leave a comment

Poland’s FM’s letter to Germany: Germany has much to lose from a Eurozone breakup, but I’m not that courageous to bet on it

Clarke and Dawe – European Debt Crisis: Hilarious

Barton Biggs is Bullish, No Bearish, No Bullish: Good he is not running for an elected office. In 2011 I’ve seen him change the long equity position in a range of 40 – 80% in 2011. Goes to show how difficult 2011 has been.

Hedge Fund holdings: You never know what you might find by looking at others’ investments

Categories: Reading