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Bruce Berkowitz Consuelo Mack Interview
Always love the Consuelo Mack interviews as they give portfolio managers a chance to give a better analysis of some of their holdings as opposed to the quick 5 to 10 minute appearances they have on the major financial networks. This is the case in the latest Consuelo Mack interview with Bruce Berkowitz which aired [...]
Continue reading...Bill Ackman Betting Against BP’s Debt
1. September 2010
Through credit default swaps (CDS), Bill Ackman is betting against BP’s debt. Not to be confused with him shorting BP’s stock as I have seen several bloggers doing since the trade was announced. Ackman wrote to Bloomberg: The accident has (BP oil spill) “likely permanently impaired the ability of BP to operate effectively in the [...]
Continue reading...Bruce Berkowitz Establishes Position In MBIA
13. July 2010
Bruce Berkowitz, Morningstar’s Fund Manager Of The Decade, has established a position in MBIA, Inc. which provides financial guaranty insurance for municipal bonds and asset-backed securities in the United States and internationally. According to Gurufocus.com, Berkowitz purchased 22,736,200 shares at a cost around $5.61, which turns out to be around 11% of the company. If [...]
Continue reading...Bruce Berkiwitz Fairholme Buys Q1 2010
17. May 2010
These are the trades for Bruce Berkowitz and his Fairholme Fund according to Gurufocus.com New Purchases: AIG, BAC, Added Positions: C, CMCSK, RF, RRR, Reduced Positions: BRK.B, DJCO, Sold Out: BMY, FRX, KO, MI, PFE, PWE, URI, WLP, WTM It’s obvious where the portfolio is heading, financials. It’s a classic Bruce Berkowitz portfolio move and [...]
Continue reading...How to Determine A Company’s Stock Is Undervalued
1. May 2010
As value investors, we might have a value framework in mind where we finally understand that buying low, selling high is the best way to go. It’s the way Warren Buffett and other have done it for a long time and most importantly, have done it successfully. If you “get it” (value investing), you have [...]
Continue reading...Security Analysis Benjamin Graham
18. March 2010
I just ordered Benjamin Graham’s Security Analysis 6th Edition, which is the new and updated edition and includes some of today’s top value investors. Among them, Bruce Berkowitz, Seth Klarman, Gleen Greenberg, and a few others. At one point, I did own the 1951 edition but between a new job and school, it pretty much [...]
Continue reading...Fairholme Fund Transaction
2. February 2010
The trades are in and its time to take a look at Bruce Berkowitz recent moved in the Fairholme Fund. As explained in an earlier post, I follow Bruce Berkowiitz and every once in a while will follow him into a position. Anyway, these reports come around about every 3 quarters and some people follow [...]
Continue reading...Bruce Berkowitz
27. January 2010
As time goes on, most value investors will imitate someone else’s strategy and then work around that strategy to fit there needs. The obvious example is Warren Buffett, who is followed by thousands, if not millions of individuals around the globe. One a personal level, I originally started off as a strict low P/E guy. [...]
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1. September 2010
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