Linkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. JPMorgan Seen … Read more
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How many days does it take a company to pay for and generate cash from the sales of its inventory? This is what the Cash Conversion Cycle or Net Operating Cycle tells us. It gives us an indication as to … Read more
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In the previous post about Bestinver Asset Management’s annual meeting this year, I spoke about its origins, investment style, and efforts to educate its clients so that they share the same set of principles when it comes to market timing … Read more
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“One cool judgment is worth a thousand hasty counsels. The thing to do is to supply light and not heat.” – Woodrow T. Wilson. “When you can’t make them see the light, make them feel the heat.” – Ronald Reagan … Read more
3 Comments Bestinver’s chief investment officer, Francisco García Paramés (labeled the European Warren Buffett), has become an icon for the Spanish investment and business community. Even though he is not yet a household name in Spain, as Buffett is in the United States, the financial media pay special attention to what he has to say. Bestinver’s flagship fund, Bestinfond, has yielded a 16.1% annualized return since its inception. Read more
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Timing the sale of a security is arguably the most important aspect of any successful investment strategy. The most common trigger point used by the industry today is the price target, which is an estimate of intrinsic value derived from … Read more
12 CommentsPundits have had a field day proclaiming that the days of long/short equity meeting the needs of investors are over. Measured against the market, long/short equity strategies have indeed had a worse five-year run than in the past.
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The shares of Cummins (CMI) have traded 17% higher (12% net) over the past three months, and our institutional clients are starting to ask what we think of the name. Stocks move for different reasons, but the fundamental driver is … Read more
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The bear case on Apple is well known and widely accepted today. As a reformed Apple short, I understand the thesis well. The company’s profits are largely driven by one or two products and its future success largely dependent upon … Read more
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