Gustavo Ballvé on July 26th, 2013

Probably the most re-tweeted and linked-to article today, this piece by Jason Zweig called “Plenty to Blame for High-Pressure Hedge-Fund Culture” rings a major bell with me: the (ir)responsibility of investors. Apologizing for the spoiler, the main point is summarized in the last paragraph: ” ‘Sophisticated’ institutional investors still insist on believing in a Tooth Fairy that can somehow miraculously provide market-beating returns for everyone. Maybe that is the biggest crime of all.” Another point that should be made is: forget “blame”! “Blame” comes after something goes wrong while the process can be flawed even if it all goes according to “plan”. What I mean is that the search and analysis of irresponsible processes (not outcomes) should be an ongoing activity for investors of all sizes.

Read more about The other side of the blame game

Gustavo Ballvé on July 19th, 2013

I’ve thought about not writing to comment the latest bullish posts on “Brazil” by the otherwise interesting blog Reformed Broker. In one post, he argues that if he had a gun to his head to pick one market to be invested in for the next 10 years, with no option to get out before these 10 years are over, he would pick Brazil. In another post he shares “analysis” that shows how buying “Brazil” after 20% drops has had great “performance” in ages past. For the sake of foreigners seeking to know more about this, here are a few comments.

Read more about Gun-to-the-head decision on “buying Brazil”?

Gustavo Ballvé on July 4th, 2013

Joseph Calhoun of Alhambra Capital in the US reminds us of the basics of Value Investing, in a quick post with some funny moments. Worth the read if only for the laugh. The follow-up regards Zynga, profiled here on Dec. 31st 2009. After that initial post I’ve come back to discuss the company before and after its IPO. I’ve also done the same with Groupon after a larger, initial post. Zynga has just followed the path of Groupon and the founder CEO has left the post after a collapse in share prices.

Read more about A reminder and a follow-up

Gustavo Ballvé on July 1st, 2013

Pretty good book list by Dealbook editor Andrew Ross Sorkin. I’d also recommend his own book on the 2007-08 crisis called “Too Big To Fail”, “The Essays of Warren Buffett: Lessons from Corporate America”, “When Genius Failed” and “Fooled by Randomness” as other can’t-miss books – and I know I am leaving way too many great books unmentioned, so there are a few links inside to previous “reading list” posts in (and a bonus for those who click through).

Read more about Andrew Ross Sorkin’s book list

Back to top