Uber’s self driving cars don’t seem to make much progress
Deep thoughts on the Intel / Mobileye deal and value creation in different industries
Elon Musk’s recommened reading list (h/t marketfolly)
Fairfax 2016 letter and Markel 2016 letter to the shareholders
Prof. Damodaran revisits his (mostly broken) Valeant case
Popular stocks within stock forums perform really (really) badly
As I currently own a 5% poisiton in (special situation) Biotech company Actelion, I thought it makes sense trying to learn at least a little bit about Biotech.
By chance I came across the book “Genentech – The Beginnings of Biotech” which recounts the history of Genetech from the very early beginnings in the 1970s until the company went public in October 1980.
Langfrist hosts a new interesting fund: Rubicon Stock Picker fund with their first 2016 annual letter describing their 3 largest positions in some detail (Eurotech, Max21, Songa Bulk)
Good collection of 2016 year end fund letters (Reddit)
Is there a huge fashion retail bubble in the US ?
Rob Vinall has posted some interesting Videos from his investor day a few weeks ago on Youtube
Chris Hohn (TCI) tries to kill the Safran/Zodiac take-over (presentation slides)
How stock investing looked in the 1950s with an appearance of Benjamin Graham (h/t Valueinvestingworld)
Before ultimate world domination, right now Uber seems to be in some deep trouble.
A good collection of Mungerisms by the always excellent Farnam Street blog
An epic 2016 letter from Semper Augustus with very interesting thoughts on profit margin mean reversion (h/t valueinvestingworld)
An interesting historical comparison of ship brokers Clarkson and Braemar
Joel Greenblatt interview on Wealth Track” ((h/t valueinvestingworld)
Tyler Cowen’s new book “The Complacent Class” looks very interesting
The UK value investor has a look at Halfords Plc
Clark Street Value likes Actelion
An interesting 2016 book reading list
Deep thoughts on the power (and dangers) of Facebook
And, of course the 2016 annual report of Berkshire Hathaway
How to do “long term investing in the age of small attention spans“
Charlie Munger speaks at the AGM of the Daily Journal
The “Becoming Warren Buffett” documentary (h/t Monevator)
Current trends in China (h/t marketfolly)
Great annual letter from Longcast Advisors
A great collection of spin-off reading material (Greenblatt, Munger, Klarman)
Google’s self driving car team already cashed out and left. Still no self driving cars on the road but fatal accidents are rising. I guess car insurance will stay for some time. (h/t Abnormal Returns)
“A man for all markets” was a book I was eagerly waiting for. Although not as famous as other financial gurus like George Sorros or Warren Buffett, Ed Thorp in my opinion beats most of them when it comes to actual achievements. Among other things he
The complete Baupost 2016 letter (h/t qed1984, EDIT: link is gone…..)
Are GoPro and FitBit already interesting ?
The 2016 book list from Broyhill AM
A few ground rules for shorting stocks
Interesting profile of Short selling legend Mark Cohodes
Highly recommended: JMX capital annual letter 2016
Lunch with the FT: Quant “godfather” Ed Thorp
Dan Loeb’s (Third Point) annual letter 2016
What differentiates successful retail chains ? A focus on ROIC instead of EPS growth.
Long but very good read on the loss of manufacturing jobs, US vs. Germany and trade agreements
And of course: Charlie Rose interviews Bill Gates and Warren Buffett
David Einhorn’s Q4/2016 letter
Don’t miss: TVG Partners 2016 letter to shareholders from Mathias Saggau
David Merkel (Aleph blog) with a comment on the huge deal between AIG and Berkshire
A Bolloré “Video Pitch” from Greenwood Investors
Damodaran explains how to look at currencies within an equity valuation
