June 2023
A unique strategy to earn “equity-like returns with debt-like risk” in volatile emerging markets, that could be useful in the years ahead (from Verdad Research’s Emerging Markets Crisis Investing)…
Over the past 30 years, buy-and-hold investors in emerging markets (EM) have endured high volatility for disappointing returns. $100 invested in the S&P 500 in 1989 would have been worth $1,900t today, after experiencing a 15% standard deviation throughout this period. The same $100 invested in EM would have been worth $1,340, having experienced a
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Warren Buffett’s Berkshire Hathaway continues to buy shares of Occidental Petroleum (OXY), and now owns roughly 25% of shares outstanding. Here’s a look at what the legendary investor may see in the company today (from Kingswell on May 23)…
Occidental Petroleum is fast becoming one of the linchpins of Berkshire’s portfolio. And, as such, it’s a company that all Berkshire followers (myself included) should become better acquainted with. So I spent the weekend digging up more information on Oxy, its history with Berkshire Hathaway, what Warren Buffett sees in it today — and where
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A powerful case for energy as the “fat pitch” investment today (from Trader Ferg on June 10)…
Over the last decade of abundant energy, low inflation, and easy money, anything that could provide growth was priced to perfection hallucination. But then again, what did we expect handing out free money to a generation getting their financial advice from TickTok. My bet is the decade ahead will be the polar opposite, with scarce
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A look at why Berkshire Hathaway is now investing in Japan (from Capital Flows and Assets on June 20)…
As discussed in recent posts, I don’t believe the mega trend has been a US or tech focused trend for the last 10 years. It has been a “private equitization” of the stock market trade – or share buy back trade. And the two best markets have been the markets that have embraced that trend
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