Looking For Funding In All The Wrong Places

Distressed-bond veteran Marty Fridson shares that you can reduce the risk of winding up on the wrong side of a trade by stepping back from the financial minutiae and the technical charts. Start by making certain the company is in a reasonably stable competitive environment.

Nobody Ever Believes Me

In today’s Daily Journal, Porter further explains the details of the portfolio he assembled called “Better Than Berkshire,” which mimics the holdings of Warren Buffett’s Berkshire Hathaway, but uses publicly traded companies as replacement for what Berkshire holds.

The Magic of OPM: Other People’s Money

Patrick didn’t set out to revolutionize an industry.

He just wanted to build houses.

During the roaring housing mania of 2005, the business he was building was a tiny fish swimming in a giant pond. He was trying to find empty lots to build new homes on. But land was scarce, and expensive. His competitors were multi-billion-dollar corporations, and they were scooping up property like marbles on the sidewalk.