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Tag: investing

Old School Value Nugget Fest (Dec 12th Edition)

Old School Value Nugget Fest (Dec 19th Edition)

Hope you’re enjoying the start to winter so far. On the blog, we published a piece we worked on with one of our readers, Ney Torres, asking whether negative equity is bad. Depending on how much time you have, I highly recommend the piece by Aswath Damodaran and the interview with Vitaliy Katsenelson this week. […]

Black Edge

Black Edge

This post is taken from a section from Saber Investment Fund’s Q3 investor letter. To join Saber’s distribution list, please use the signup form on this page. I often get asked the question, “what is your edge”? The question comes up so often, and I feel like there is such a misunderstanding around what edge is and […]

Old School Value Nugget Fest (Dec 19th Edition)

Old School Value Nugget Fest (Dec 19th Edition)

As we head into the holidays, this will be the last nugget fest of the year. I hope you get to enjoy some time off for family and reflection. I know I will! Best,Mike Gurus Introduction to the Essays of Warren Buffett: Lessons for Corporate America by Lawrence A. Cunningham [SSRN] This is Professor Cunningham’s […]

Warren Buffett 1997 Email Exchange on Microsoft

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I recently came across an interesting email exchange from a time when email was still in its infancy. The exchange was between Warren Buffett and a 39-year old Jeff Raikes, a high-level Microsoft employee. The email references “Bill G”, and after some small talk, it gets into a pretty interesting outline of Microsoft’s business model, […]

Value Investing Lessons from Renaissance

Book cover about Renaissance Technologies, The Man Who Solved the Market

I recently finished reading “The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution,” by Gregory Zuckerman. It’s the most detailed public look at how Renaissance Technologies became the most successful hedge fund in history. (Yes, they blow Bridgewater and everyone else out of the water.) Renaissance’s flagship Medallion fund, which is […]

Saber Capital’s Q4 Investor Letter Highlights

Saber Capital’s Q4 Investor Letter Highlights

Below is partial content from Saber Investment Fund’s Q4 investor letter. To join Saber’s distribution list, please use the signup form on this page. Marv Levy, my favorite all-time football coach often said “When it’s too tough for them, it’s just right for us!” The Hall of Famer’s motivational saying didn’t get my beloved Buffalo Bills […]

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