Our complaint alleges a stunning fraud that appears to be of epic proportions. – Andrew Calamari (subscription required), Associate Director of Enforcement, SEC New York Office It’s all just one big lie…. basically, a giant Ponzi scheme. – Bernard Madoff allegedly…
How do you explain genius? Ken just sees things other don’t. – Douglass Pratt, a former mutual fund manager who worked with Heebner He saw something the rest of us didn’t. That’s Ken – that’s always been Ken. – John…
Bill Miller: The New York Times today did a feature article on Legg Mason’s Bill Miller, who beat the S&P 500 for 15 straight years from 1991-2005 before faltering the last few years: “Humbler, After A Streak of Magic”. On Bill…
Legendary investor Bill Miller, manager of the Legg Mason Value Trust which beat the S&P 500 for 15 straight years before underperforming in 2006 and again in 2007, appears to have called the bottom in his most recent quarterly letter…
Last week I wrote a post on John Paulson, the man of the moment on Wall Street for his massively profitable returns shorting subprime mortgage backed securities. Over the weekend, Barron’s wrote an article on top hedge fund performers including…
With stock indexes well off their highs and continuing to struggle, many investors, including some of the best value players in the game, are starting to see opportunities. I first suggested this was the case on January 20: “Some Investors…
Don’t buy it. For months now the debate has been over whether America will have a hard landing or soft landing, the answer hinging on how big 2007’s housing disaster turns out to be. Well, there won’t be any housing…
“… defaults of a different kind could be the big issue of 2008. If you want to mug up on jargon for the year ahead, then the business of insuring against bond defaults known as credit default swaps, or CDSs,…
Tech stocks have been performing extremely well at year end, with the Nasdaq up for the 6th consecutive day today – S&P Tech (XLK) is up 4.24% over the same period. I sense some window dressing here as portfolio managers dress…
Kirk this morning put up the interview Stocks & Commodities Magazine recently did with him. Lots of interesting stuff such as why he decided to become a full time independent trader, why he decided to get out of the newsletter…