Weekly links
Via Stableman: Soros lecture on bubbles
50 minutes interview with Howard Marks. Maybe the best counter cyclical investors of our time.
Variant Perceptions on the difficulty of retail turnaround
Via Alea: A very good description of the Target2 system
Damodaran nails it why companies make bad M&A deals
Red corner has published an UK portfolio with 7 stocks which, according to the comment, should outperfom the UK index by 20% next year. Bold claim, let’s watch this……
Very good analysis of Delticom from Stephan at SimpleValue. No buy yet…For Delticom, it is also worthwile reading the wallstreet online thread, especially Joschka Schroeder’s comments.
value and opportunity 