Saber Capital: Common Denominator of Tencent, Facebook, Google
There are two types of companies in the investable universe: A: those that are [...]
Investing
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What constitutes a bubble? We define a bubble as a circumstance in which asset prices 1) offer little chance of any positive risk premium relative to bonds or cash, using any [...] -
So, what is investing again? Equities should give a risk premium over bonds and cash in the long run due to a combination of what they mean for the issuer and what they mean [...] -
The largest ETF in the energy field is the SPDR Energy Select Fund (XLE), with about $18.3bn in AUM For the 12 months ended 3/31/18, the return was -0.39% A year earlier, WTI [...]
Smart Money
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There are two types of companies in the investable universe: A: those that are growing their intrinsic value over time B: those that are shrinking their intrinsic value over [...] -
Offshore Oil Services One of the very few industries globally that is currently undergoing a recession, let alone one of historic severity. Fewer still are industries for [...] -
1Q18 return of -8.2% vs. S&P 500 of -0.8% United Technologies Corporation (UTX) UTX is a leading industrial holding company which owns a number of high-quality businesses [...]
Lessons
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Essays by Warren E. Buffett, Chairman and CEO of Berkshire Hathaway Inc. Table of Contents Corporate Governance Corporate Finance [...] -
Most people have no business investing in individual stocks on their own! Reread summary point number 1 But if you must… and you can [...] -
Excerpt of chapters 6 – 11 from PEI’s publication Understanding High Yield Bonds: A complete guide for investors, issuers, banks and [...]
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Job Interview
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Issuance of a mezzanine bond of $100 million with a 10% PIK interest Answer: When the bond is issued, $100 million of debt will be added to [...] -
Question: You’ve got a 10 x 10 x 10 cube made up of 1 x 1 x 1 smaller cubes. The outside of the larger cube is completely painted. On how [...] -
Suppose you’re on a game show and you’re given the choice of three doors. Behind one door is a car; behind the others, goats. The [...]
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People
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Charles Payson “Chase” Coleman III is the founder and managing director of Tiger Global Management, a global long/short [...] -
Israel Englander is the founder of Millennium Management, a global hedge fund founded in 1989. Israel Englander started his [...] -
Barry Rosenstein is the founder of JANA Partners, a New York-based hedge fund specializing in event-driven and activist investing [...]
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