Jean-Marie Eveillard “started his career in 1962 with Societe Generale until relocating to the United States in 1968. Two years later, Mr. Eveillard began as an analyst with the SoGen International Fund. In 1979, he was appointed as the portfolio manager of the Fund, later named the First Eagle Global Fund. He then went on to manage the First Eagle Overseas and First Eagle Gold Funds at their inception in […]
1. “Smart idea, grounded on exhaustive research, followed by a big bet.” “Hear a story, analyze and buy aggressively if it feels right.” A colleague of Robertson once said: “When he is convinced that he is right, Julian bets the farm” George Soros and Stanley Druckenmiller are similar. Big mispriced bets don’t appear very often and when they do people like Julian Robertson bet big. This is not what he […]
Irving Kahn was the chairman of the investment firm Kahn Brothers Group. He was born in 1905 and prior to his recent death was one of the oldest active professional investors. The New York Times in its obituary of Irving Kahn wrote: “A disciple and later partner of Benjamin Graham, the contrarian advocate of value investing, Mr. Kahn would go on to work at Abraham & Company and Lehman Brothers, […]
Roelof Botha is a partner at the venture capital firm Sequoia Capital. He has been involved in many businesses. He also writes: “Some democratize technology access (Square, Eventbrite, Unity); some create global user communities (YouTube, Tumblr, Instagram, Whisper, QuizUp); and others disrupt markets through innovative business models (Evernote, Weebly, Xoom).” In 2000, prior to his graduation from Stanford Graduate School of Business, he was a director of corporate development for […]
Ben Carlson is one of my favorite finance writers. He is a CFA and has been managing institutional investment portfolios since 2005. He is both a writer and a teacher. His book on investing entitled A Wealth of Common Sense is out soon (you should pre-order it). What I like best about Ben Carlson is that he is young and very savvy about not only investing but the tools of social and other forms of modern media […]
“Stan may be the greatest moneymaking machine in history. He has Jim Roger’s analytical ability, George Soros’s trading ability, and the stomach of a riverboat gambler when it comes to placing his bets. His lack of volatility is unbelievable. I think he’s had something like five down quarters in 25 years and never a down year. The Quantum record from 1989 to 2000 is really his. The assets grew from […]
“Warren Buffett, in Berkshire’s annual letter to shareholders for 2004, devoted a section to [Lou] Simpson titled “Portrait of a Disciplined Investor,” saying Lou’s picks had produced an annual average return of 20 percent since 1980, compared with 14 percent for the Standard & Poor’s 500 Index.” – Bloomberg “I pondered for eight years what makes Lou knock the cover off the ball,” Byrne said. “Lou is very bright, with […]
There has been a lot of speculation about the identity of Startup L. Jackson. One theory is that “he” is actually composed of machine learning algorithms and a database of the insight of a few well-known venture capitalists. Evidence will be presented below that Startup L. Jackson’s views suspiciously track the consistently expressed views of specific highly successful venture capitalists. This evidence points toward a vast conspiracy, probably orchestrated by […]
“Dan Levitan cofounded consumer-only venture firm Maveron in 1998 with friend Howard Schultz, the famed Starbucks CEO, whom he met as Starbucks’ investment banker for its 1992 IPO. Levitan was a seed and Series A investor for Maveron in e-commerce company Zulily.” “Dan currently serves on the boards of Trupanion, Pinkberry, PayNearMe, Peach, Potbelly and Earnest.” 1. “Get the team right. Startups to me are about: people, people, people.” “We’re […]
1. “’I don’t know’ are three of the most underused words in investing.” “What’s really interesting about finance – and I think this is true for a lot of fields whether you’re in physics, math, chemistry, history, or whatever it is – the more you learn, the you more you realize how little you know.” There is nothing more fundamental to investing than understanding that risk comes from not knowing […]