Friday File: VIC Impressions, Altius, Seadrill and “How to make Netflix pay YOU ‘Internet Royalties’ for EVERY movie it rents”

I always get a lot of food for thought when I go to the Value Investing Congress, so I’ve got a teaser solution and some updates for your Friday File enjoyment but I thought I’d start with some musing about the Congress ideas that percolated to the top for me on the train ride home… […]

What are Sid Riggs’ “Mega Spark” Energy Stocks?

During the last few days when I was traveling to and reporting from the Value Investing Congress for the Irregulars (some great presentations, by the way, my notes from day one and day two are up now and I’m hoping to get some more thinking time in regarding these ideas soon), the most-requested teaser for […]

John Lewis, Osmium Partners — “Compounding and Engagement” and value creation

These are my notes and instant reactions from a presentation at the Value Investing Congress, the notes below might contain errors, paraphrases, incorrect quotes, or misinterpretations. Osmium focuses on small stocks ($100 million to $1 billion) and on long-term holdings (2-4 years, which gives you an advantage in learning more about the company). They have […]

“Ignore the Noise — Focus on Priorities” — Cliff Remily, Northwest Priority Capital

These are my notes and instant reactions from a presentation at the Value Investing Congress, the notes below might contain errors, paraphrases, incorrect quotes, or misinterpretations. Remily was one of the folks who built up the equity business at PIMCO, and he now has his own business called Northwest Priority Capital as a long biased […]

Short Selling Pitfalls and Ideas from Whitney Tilson

These are my notes and instant reactions from a presentation at the Value Investing Congress, the notes below might contain errors, paraphrases, incorrect quotes, or misinterpretations. Whitney Tilson is one of the founders of the Value Investing Congress and he speaks at all of them — and I wrote quite a bit about the ideas […]

“Education of a Value Investor” (Guy Spier, Aquamarine)

These are my notes and instant reactions from a presentation at the Value Investing Congress, the notes below might contain errors, paraphrases, incorrect quotes, or misinterpretations. Guy Spier just released a book today called “Education of a Value Investor” which sounds interesting — he’s a British hedge fund guy who started out trying to follow […]

Jeffrey Smith, Starboard Value, “Using Board Dynamics to Enhance Shareholder Returns”

These are my notes and instant reactions from a presentation at the Value Investing Congress, the notes below might contain errors, paraphrases, incorrect quotes, or misinterpretations. He says they have an average return after their 13D filing (when they file as an activist shareholder for a company) of about 20%. Historical examples where they’ve already […]

“The Myth of Zulia” (Citron)

These are my notes and instant reactions from a presentation at the Value Investing Congress, the notes below might contain errors, paraphrases, incorrect quotes, or misinterpretations. Citron Research is a well known and aggressive short selling/research group run by Andrew Left — his firm is about 13 years old, used to focus on fraud. “Being […]

Tim Eriksen, Eriksen Capital Management “Add a Little Ick to the Mix”

These are my notes and instant reactions from a presentation at the Value Investing Congress, the notes below might contain errors, paraphrases, incorrect quotes, or misinterpretations. Eriksen had some interesting thoughts about small cap investing in the pre-conference workshop, and has a very solid record with his small fund… the last two ideas he has […]