Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.…
Continue ReadingVideo: June 2020 Economic and Financial Update
Here is a video of the economic outlook by Professor Schwarz and me.
Continue ReadingWhat do those calls to “defund the police” mean?
Calls to defund the police are growing after the death of George Floyd, a black man who was killed by…
Continue ReadingJune 9 COVID-19 Test Results: Disappointing Local News
First some local news (Orange County, CA) from CBS: Orange County Health Officer Nichole Quick Resigns After Facing Threats For…
Continue ReadingWhitney Tilson: The Following Stocks Are All Worth ZERO
Whitney Tilson’s email to investors discussing a liquidity-driven market; slowly taking profits; the bankruptcy bubble; Chesapeake Energy is a zero;…
Continue Reading1972 + 1974 = 2020
Dear fellow investors, The oddity of today’s stock market is exactly what any God-fearing value manager should pray for. There…
Continue ReadingPrivate Fund Structuring “101”
This memorandum describes the typical entity structures used when launching a new private fund. Although various factors influence the choice…
Continue ReadingLogica Capital May 2020 Commentary: While The City Sleeps
Logica Capital commentary for the month ended May 2020, titled, “While The City Sleeps.” Get The Full Seth Klarman Series…
Continue ReadingGold fundamentals support rising price
The gold price is back above $1,700 an ounce as fundamentals continue to support a bullish trend for the yellow…
Continue ReadingWeak JOLT Job Openings Estimate Adds Selling Pressure
In a note to investors, while commenting on the weak JOLT job openings estimate and trading at mid day, Gorilla…
Continue Reading