Porter & Co.

Judd Arnold – founder of Lake Cornelia Research Management – shares the bullish case for offshore energy services firms, including Tidewater (TDW) (from the Value Hive Podcast on June 30)…

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Judd discusses why Tidewater is the best energy stock at the moment. He explores offshore opportunities, like VAL, RIG, and NE. Judd highlights the importance of liquidity and provides insights on finding post-bankruptcy ideas. He also mentions Pagaya (PGY) as an interesting company and shares additional investment ideas. [0:00] Why Tidewater is the best [10:00]

Research suggests the safest investment “asset” is probably not what you think. (from Cambria Investments in June 2023)…

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In 2012, Eike Batista had an estimated worth of more than $35 billion. The self-made Brazilian billionaire created an empire that stretched from mining to oil to public works. Many considered him the pride of Brazil. Barely two years later, he had lost all $35 billion…and owed another $1.2 billion to creditors. How does this

Legendary value investor Seth Klarman joins the great Jim Grant for a rare public conversation on investing and markets (from Grant’s Current Yield Podcast on July 12)…

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You can listen here or via YouTube using the linked timestamps below: Introduction: 0:00 Charity: 2:36 Why a seventh edition of “Security Analysis”: 3:20 Spirit of Gram and Dodd: 7:11 Margin of Safety: 14:56 Buying the Dip: 18:37 Market Efficiency: 23:06 Human Progress: 26:29 Social Media: 31:34 Blitzscaling: 36:45 Growth and Change: 39:08 Opportunity: 40:33

Billionaire investor Howard Marks on “taking the temperature” of the markets (from the Financial Times on July 10)…

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How can an investor make useful observations regarding the status of the markets? Most of the time, markets are near the middle ground — perhaps a little high or a little low, but not so extreme as to permit dependable conclusions. Investors’ records of success with calls in markets such as these are poor. Even

Berkshire Hathaway Chairman Warren Buffett’s classic explanation of his real estate investments should be required reading for every investor (from Finding Compounders via Twitter on July 8)…

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“Investment is most intelligent when it is most businesslike.” – Benjamin Graham, The Intelligent Investor It is fitting to have a Ben Graham quote open this essay because I owe so much of what I know about investing to him. I will talk more about Ben a bit later, and I will even sooner talk

This year’s huge rally in mega-cap tech just forced a “special rebalance” in the Nasdaq 100 index (from The Wall Street Journal on July 21)…

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The Nasdaq-100 is getting rebalanced after its biggest tech companies got too big. The move was triggered earlier this month when the companies in the index with weightings exceeding 4.5% saw their combined weighting surpass 48%, according to Cameron Lilja, global head of index product and operations at Nasdaq. The rebalance, which takes effect Monday,