Introducing the CVI - Punch Card Portfolio Newsletter

I write a weekly investment newsletter. This newsletter involves the development of a focused portfolio of undervalued securities. The subscription price is $20 per month (cancel any time). Every investment idea I recommend will be one I purchase for my own portfolio. If you have questions prior to subscribing shoot me an e-mail (Swizzledxxx@gmail.com)

Please note I'm running a low-tech operation and that the newsletter is sent by me via e-mail. There will be a delay between when you pay and when you receive your first e-mail (usually a couple of hours).

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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.

http://www.cnbc.com/id/101823194

Monday, June 30, 2014

Inside The Mind of Fairholme's Bruce Berkowitz

Bruce Berkowitz doesn’t worry about going against the flow — at least not in the short term. He is a concentrated value investor who bets on only a handful of stocks, so it comes with the territory.

http://www.institutionalinvestor.com/Article.aspx?ArticleId=3350989

Tuesday, June 10, 2014

Ray Dalio - The Soul of a Hedge Fund Machine

How do you build the world's largest hedge fund? Bridgewater Associates founder Ray Dalio says he did it by creating a culture of "radical truth and radical transparency." Mr. Dalio's perhaps radical belief is that "everything is a machine"—including organizations and even the individual people within them. At his firm's Westport, Conn., headquarters, we are discussing the human machines at Bridgewater and the equally fascinating machine known as the U.S. economy.

Read here: http://online.wsj.com/articles/james-freeman-the-soul-of-a-hedge-fund-machine-1402094722

Wednesday, June 4, 2014

Bill Nygren's 9 Favorite Stocks

While many investors think U.S. stocks are fully valued, Bill Nygren of Oakmark Funds sees plenty of opportunity, particularly among financials. Moreover, Nygren says many of America's best companies can be bought at a market multiple.

Continue reading: http://online.barrons.com/news/articles/SB50001424053111904125704579594493262894338?mod=BOL_hp_popview

Tuesday, June 3, 2014

Hedge Fund World's One Man Wealth Machine

In the Back Bay neighborhood of Boston, one man is building a moneymaking machine that rivals some of the hedge-fund industry's biggest names.
Calls to his office go unreturned even from those eager to fork over eight-figure sums, potential investors say. One industry veteran referred to him as "a unicorn," as few people have ever seen him.

Notes From The 2014 London Value Investing Conference

http://www.marketfolly.com/2014/05/london-value-investor-conference-notes.html?m=1

Tuesday, May 27, 2014

Kyle Bass - The Looming Crisis In Asia

For the last several years, nobody has been more outspokenly bearish on Japan than Kyle Bass. In a recent talk, Bass reiterated his doubts about Japan’s chances of averting a debt crisis. What’s more, he also said China’s economy will fall below expectations.
Bass changed one aspect of his outlook on Japan. Instead of predicting a collapse of the Japanese bond market, he focused on a severe weakening of the yen – without predicting when that might happen.
His predictions for China were equally distressing. He said that its banks will be saddled with non-performing loans and that its economy is actually contracting.
“I don’t think the markets are discounting what’s really happening in China,” he said.