value and opportunity

David Einhorn’s Q2 letter. Interestingly he partcipated in the recap of some Greek banks.

Good Howard Marks Interview

Michael J. Mauboussin’s updated “meassuring the moat” paper (via CSinvesting)

A kind of “small cap manifesto” from Nate at Oddball

Did value investing work during the long Japanese depression ?

Another Caterpillar short thesis