January 25, 2021

On Avoiding Expensive Mistakes…


Let me throw this out there; the investing game is mind-numbingly easy. You buy good businesses for less than fair value. Sure, we can all argue about fair value. There are always surprises in the future trajectory of a business. This game has some wrinkles and drama, but at the most basic level, it’s easy. In fact, done correctly, it only involves a handful ... Read More
Categories: Comments On Events
Positions Mentioned: GME
January 15, 2021

On Getting Stolen From…


Last night, a buddy texted me. (I’m going to paraphrase a bit as this is a family site) FRIEND: Kuppy, you won’t believe what those assholes did!! ME: Wait!! What?? Who?? FRIEND: They robbed us!! ME: Who?? FRIEND: Read that press release from AT… ME: Holy Shit!! Who else do we know that owns this?? FRIEND: Dunno… You wanna rally the troops and get ... Read More
Categories: Investments
Positions Mentioned: AT
January 12, 2021

KEDM.COM


Dear Friends, Over the years, I have frequently traded Event-Driven situations, dozens of which I have profitably profiled on this site. As value investing has stopped “working,” I have spent an increasing amount of my time focused on these situations, especially as the influx of retail day-traders and the growth of passive investing has led these situations to work surprisingly well. Along the way, ... Read More
Categories: General
Positions Mentioned:
January 7, 2021

Everyone Back In The Pool…


Yesterday, January the 6th, a motley band of MAGA, Antifa and what appears to be a Minotaur, entered Congress uninvited. They had no plan, no leadership, few allies and no clear agenda. They were united by anger and a desire to fix something that was obviously broken—yet impossible to fix without the buy-in of entrenched special interests. After spending a few hours pissing off ... Read More
Positions Mentioned:
January 6, 2021

What The QS???


Over the past few quarters, I have written about various Event-Driven set-ups. This is because mismatches between buyers and sellers cluster around these events and drive share prices. If you’re waiting for fundamentals to matter, you may eventually be proven right, but you had better be willing to wait. Event-Driven situations are immediate. Why have Event-Driven moves become so much more accentuated lately? I ... Read More
Positions Mentioned: QS
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