Happy New Year to all of our readers! 2018 is now officially history and it will be remembered as a year of increased volatility that ultimately left some portfolios quite damaged. That includes Mohnish Pabrai’s Spinoff Portfolio and its (backtested) historically S&P crushing results. Pabrai is a legendary fund manager and author of The Dhando Investor. In one of… Read More »
Lets follow up on some recent articles – A few weeks ago we highlighted a writeup from Yet Another Value Blog advocating for Liberty Braves (BATRK). Part (well, a small part) of the author’s thesis was the unique nature of sports team assets and how their valuations are often underreported. Somewhat buried amidst the tragedy of Hurricane Harvey came… Read More »
Another year has come and gone which means that we have all been inundated with a million ‘Look Back’ and ‘Best Of/Worst Of’ pieces for the past few weeks. I always found this to be an interesting and immensely boring phenomenon as we just lived through it. Should be pretty fresh in our memories. We are nothing but… Read More »
Normally, there is plenty of time to dig into spinoff opportunities. It often feels like the process goes on forever. There are a few occasions though where that luxury does not exist, such as when a company moves quickly or, more likely, when you simply just found out about the situation at a later date. That seems to… Read More »
‘$135,000!!! For one share! Soooo expensive!’ – a friend’s response to Berkshire Hathaway’s share price. To be sure, it is a lot of money and intimidating when pulling up a ticker. Expensive though? Not enough information there to determine whether or not that is the case. This reaction is typical though and is one reason I have always… Read More »