Neo-Alpha

Third Point Capital - Q4 2014 Investor Letter

2015-02-10T06:56:00.000-08:00

Dan Loeb, the founder of Third Point, is out with his Q4'14 investor letter. In 2014 Third Point was up 5.7%. In the letter they talk about their long positions in Amgen, FANUC, and also shares their opinion on Greece. Good stuff as always. Enjoy:

Third Point Q4 2014

Latest Issue of Graham & Doddsville

2015-02-04T06:59:00.003-08:00

Columbia Business School is out with their latest issue of Graham & Doddsville. In this issue they interview Bill Ackman of Pershing Square Capital, Jay Petschek and Steve Major of Corsair Capital, and Andrew Wellington of Lyrical Asset Management. Plus there are some student pitches on: JBLU, FSLR, SCH:NO, CDK, SCTY, CATM, and BIN). Enjoy.

Graham Doddsville Winter 2015

Bill Ackman on Bloomberg

2015-01-24T11:55:00.001-08:00

Bill Ackman of Pershing Square Capital Management was on Bloomberg recently discussing how he considered investing in Tesco, his stake in Herblaife and other positions. Enjoy:

NYU Evaluation Newsletter

2014-12-20T13:00:00.002-08:00

The students at NYU Stern School of Business are out with their latest Evaluation Newsletter. This third issue focuses on a wide range of issues, including some investment recommendations. Enjoy:

NYU Stern Evaluation Dec 2014

Howard Marks on Oil

2014-12-20T12:59:00.001-08:00

Howard Marks, the founder and Chairman of Oaktree Capital, is out with his latest missive. This time he writes about the recent pull-back in oil. Enjoy:

Howard Marks Lessons of Oil

Pershing Square Q3 2014 Letter to Investors

2014-12-01T10:59:00.002-08:00

Bill Ackman's Pershing Square is out with their Q3 2014 letter to investors. Due to a well timed bet in Allergan they are up 35% net YTD. In the letter they talk about their position in Allergan (AGN), Canadian Pacific (CP), Air Products and Chemicals (ADP), etc. Enjoy.

Pershing Square Q3 14

Julian Robertson on Bloomberg TV Part 3

2014-11-03T20:02:00.002-08:00

Julian Robertson continues his segment on Bloomberg TV talking about the Bank of Japan's monetary policy and how he thinks that will impact global currency.

Julian Robertson on Bloomberg TV Part 2

2014-11-03T20:01:00.001-08:00

Julian Robertson continued his recent interview on Bloomberg TV talking about the state of the hedge fund business:

Julian Robertson on Bloomberg Part 1

2014-11-03T19:58:00.002-08:00

Julian Robertson was on Bloomberg recently talking about his belief that currency was a good area to be investing right now. He then touched on the large bond bubble that was brought on by the interest rate policies.

Graham & Doddsville Fall 2014

2014-10-27T15:31:00.002-07:00

Columbia Business School is out with their latest issue of Graham and Doddsville. In this issue they interview Wally Weitz, Guy Gottfried, and the team from Development Capital Partners. In addition there are two student write ups: a short on B&M European Value Retail SA (LON: BME) and a long on Countrywide, Plc. (LON: CWD). Enjoy:

Graham & Doddsville Fall 2014

Third Point Capital's Q3'14 Letter to Investors

2014-10-22T11:04:00.002-07:00

Dan Loeb's Third Point Capital is out with their Q3 2014 letter to investors. In the letter they discuss Amgen (which Loeb spoke at the Robin Hood Investor Conference about), EBAY, and Alibaba (BABA). They also exited Sony in the quarter. YTD Third Point is up 6%.

Third Point Q3 2014 Investor Letter TPOI

Nathaniel August - short WWE and long FIG

2014-10-21T20:26:00.002-07:00

Nathaniel August of Mangrove Partners was presenting at the Robin Hood Investor Conference where he shared his short pitch on Mesoblast (ASX:MSB) and then went on CNBC to talk about why he was short WWE and long FIG:

David Einhorn on CNBC - Short ATHN

2014-10-21T20:23:00.002-07:00

David Einhorn was presenting at the Robin Hood Conference this week. He made an appearance on CNBC to share his updated thoughts on Athena Health (ATHN) and bubbles overall.

David Einhorn on CNBC - Long SUNE

2014-10-21T20:22:00.001-07:00

David Einhorn presented at the Robin Hood investor conference where he discussed why he was long Sun Edison (SUNE). Enjoy:

David Einhorn on CNBC - Finding Opportunities in the Market

2014-10-21T20:21:00.001-07:00

David Einhorn was on CNBC as part of his appearance at the Robin Hood Conference where he talked about where he is finding opportunities in the market. Enjoy:

David Einhorn - Long Apple

2014-10-21T20:19:00.002-07:00

David Einhorn was on CNBC discussing why he was long Apple (AAPL)

Corvex Capital - Robin Hood Presentation

2014-10-21T20:16:00.000-07:00

Keith Meister of Corvex Capital presented at the Robin Hood Investor Conference today. He presented a long idea on Crown Castle International (CCI) and why he thought it could be worth 25% to 60% above the recent price. Presentation is below. Enjoy:

Corvex Management 2014 Robin Hood Investment Conference Presentation

Carson Block Presentation at Baruch

2014-10-09T09:37:00.001-07:00

Below please find a video recording of the presentation that Carson Block of Muddy Waters gave on shorting at Baruch College.

Kerrisdale Capital Presentation on GSAT

2014-10-06T09:18:00.002-07:00

Kerrisdale Capital today came out with their short thesis on Globalstar (GSAT) arguing that the spectrum is worthless and that the company is a zero. Enjoy:

Kerrisdale Capital - GSAT - 2014.10.06 (Presentation)

Bruce Berkowitz on WealthTrack

2014-10-02T14:16:00.002-07:00

Bruce Berkowitz of the Fairholme Capital Management recently came on to Consuela Mack's Wealth Track. He explains why nearly 80% of his portfolio is in four financial stocks shunned by most investors (AIG, FNMA, BAC, and FMCC). Quite enjoyable as always:

David Tepper on Bloomberg TV

2014-10-02T13:48:00.002-07:00

David Tepper was on Bloomberg TV today. He was talking about the bond bubble, how you can't fight Draghi, and how he finds certain stocks interesting. Enjoy.

Starboard's Darden Presentation

2014-09-17T08:41:00.001-07:00

Starboard released a tome of a presentation on Darden (DRI). They go into incredible depth arguing that breadsticks should be limited at Olive Garden and not using salt in pasta water would prolong the pots useful life. While I am not sure if length of presentation has any correlation with investment returns they are sure putting that to the test on this one. Enjoy:

Starboard Value Transforming Darden

Jeff Gundlach Presentation - Fixed Income Playbook

2014-09-09T19:50:00.001-07:00

The founder and CEO of DoubleLine Funds - Jeff Gundlach had a call today to share his thoughts on the fixed income market. As always he produced a lengthy presentation full of good macro stats. Enjoy:

Gundlach Fixed Income Playbook

Whitney Tilson's Presentation from the 2014 Fall Value Investing Congress

2014-09-09T19:46:00.000-07:00

Here is Whitney Tilson's presentation from the 2014 Fall Value Investing Congress. In the presentation he discusses his thoughts on shorting as well as two past short ideas: K12 (LRN) and Lumber Liquidators (LL) and his current favorite: Exact Sciences (EXAS). Enjoy.

My Favorite Idea WhitneyTilson ValueInvestingCongress 9-9-14

Howard Marks latest Memo - Risk Revisited

2014-09-04T15:01:00.001-07:00

Howard Marks is out with his latest memo - risk revisited. In the memo he discusses properly analyzing risk encapsulates a range of possibilities and how knowing probabilistic outcome doesnt yield knowing what will happen. While there are many possibilities there is only one eventual outcome. Good stuff - enjoy.

Howard Marks Risk Revisited by marketfolly.com