Introducing the CVI - Punch Card Portfolio Newsletter

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Friday, August 15, 2014

The Secrets of 84 Year Old George Soros

How has Soros managed to stay at the top for so long? What are the secrets to his success? Can investors learn from his methods? Or is Soros a one-off, a gifted speculator with an inimitable knack for timing?

Tuesday, August 5, 2014

Don Graham Is Keeping Busy Even After The Sale Of The Washington Post

When Donald E. Graham announced a year ago that he was selling The Washington Post to Jeff Bezos for $250 million, it was unclear what Mr. Graham, one of journalism’s most revered executives, would do next. The Post had been a Graham family jewel for 80 years and a giant in the field of journalism; but in a deal forged quickly last summer, it was suddenly under someone else’s control.
Mr. Graham, however, did not simply retire. Instead, he has remained immersed in his business enterprise, the newly named Graham Holdings, a consortium mostly comprising education, television and cable businesses. The company generated $3.48 billion in revenue in 2013 and on Friday reported largely flat revenue of $878.6 million for its most recent quarter.

Buffett's Cash Hoard Now Above $50 billion - An All Time High

Sheesh, it isn't like he hasn't been making huge acquisitions in recent years.  What an incredible cash generating company he has built.

Monday, July 21, 2014

Leon Cooperman - Alpha Addict

The hedge fund manager's stock-junkie lifestyle starts at 5:15 a.m. on weekdays, when he wakes up in the Short Hills, New Jersey, house he's lived in for 36 years. He then drives to the Manhattan offices of his $10.7 billion Omega Advisors, getting in by 6:30 a.m. (he took the ferry for 30 years before the firm recently moved from Wall Street to midtown). Cooperman then digs in to investing for 12 hours—including a working lunch in the office—bouncing between grilling corporate executives in person or on the phone, consulting with his 18-person research team and reading company reports. By 6:30 p.m., it's off to a business dinner with more CEOs or fellow investors like Mario Gabelli of Gamco Investors and Bill Priest of Epoch Investment Partners. Then it's a quick post-dinner shower and more time in front of a Bloomberg terminal checking international markets before bed at 11 p.m.