Reflections on the Ten Attributes of Great Investors [notes]

Yesterday I read the report published by Michael Mauboussin called as this post title. Michael is Head of Global Strategy at Credit Suisse. I am fascinated with this report, all the common sense Michael share in it. Also, I would like to recommend the Alphaville podcast with the author. About teaching: Teaching imposes a disciplineContinue reading “Reflections on the Ten Attributes of Great Investors [notes]”

Seth Klarman 2016 year-end letter

I have access to the 2016 year-end letter that Seth Klarman has shared with Limited Partners and stuff. How important is Trump’s presidency that Seth divided the year between “Before” (44 weeks) and “After” Trump to share his view of the year. The first one was dominated by tepid economic growth, low-interest rate, rich valuationsContinue reading “Seth Klarman 2016 year-end letter”

2017: a value year?

Great interview by Estrategias de Inversión. If you understand Spanish you must watch this interview to María Dolores Solana, Fund Manager at Santander Asset Management. She has been managing the fund Santander Small Caps for more than 10 years. See below the performance (source). A few comments and quotes: “I am starting to change theContinue reading “2017: a value year?”

Brexit: a few links.

Brexit is coming. Yesterday, Theresa May took place in Downing Street. One of the first movement she took was to point out Boris Johson as foreign secretary. Mr. Johson has been a very active Brexit leader. In relation to the Brexit situation, the mother of all questions is: How Europe will be affected by theContinue reading “Brexit: a few links.”

Jim Collins Interviews Jorge Paulo Lemann

Must watch interview of Jorge Paulo Lemann, one of the owners of 3G Capital. Jorge Paulo Lemann is Brazil’s richest man thanks to his stake in Anheuser-Busch InBev, the world’s largest brewer, which he owns through private equity firm 3G Capital together with fellow billionaires and longtime partners Carlos Sicupira and Marcel Herrmann Telles. The trio alsoContinue reading “Jim Collins Interviews Jorge Paulo Lemann”

Notes: Health Care.

I have been reading for a few weeks the book called “The five rules for successful stock investing”. For those who do not know it, the author is Pat Dorsey. Former Director of Stock Analysis at Morningstar. Right now Pat is working in his own company called Dorsey Asset Management. From my point of view,Continue reading “Notes: Health Care.”