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 $12 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)

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Monday, September 15, 2014

Profile of ValueAct's Jeffrey Ubben

“My goal is to have a brand where companies invite you onto the board because they want your expertise rather than you having to huff and puff,” Ubben, 53, says at a July breakfast overlooking New York’s Central Park, a coast away from his company’s San Francisco headquarters.

http://www.bloomberg.com/news/2014-09-10/inversion-pioneer-ubben-delivers-17-as-quiet-activist.html

Hess CEO - It Is Time To Repeal The Crude Oil Export Ban

http://video.cnbc.com/gallery/?video=3000310564

Friday, September 12, 2014

An Interview With Charlie Munger


On how he sank tens of millions of dollars into banks stocks in 2009:
We just put the money in. It didn’t take any novel thought. It was a once-in-40-year opportunity. You have to strike the right balance between competency or knowledge on the one hand and gumption on the other. Too much competency and no gumption is no good. And if you don’t know your circle of competence, then too much gumption will get you killed. But the more you know the limits to your knowledge, the more valuable gumption is. For most professional money managers, if you’ve got four children to put through college and you’re earning $400,000 or $1 million or whatever, the last thing in the world you would want to be worried about is having gumption. You care about survival, and the way you survive is just not doing anything that might make you stand out.


http://www.gurufocus.com/news/278472/charlie-munger-interview-/affid/81000

Thursday, September 11, 2014

Wilbur Ross - Deflation, Not Inflation Is What We Should Be Worried About

Wilbur Ross Jr. is worried about deflation.
While the financier, who heads up WL Ross & Co., thinks the Federal Reserve is likely to raise interest rates in the middle of 2015 – and rightly so, he said–Mr. Ross thinks the developed world has structural headwinds that make inflation concerns a thing of the past.
Speaking at the Japan Society in New York Wednesday, Mr. Ross surveyed the economic, investment and monetary landscape in the U.S., Japan and Europe. If there was a common denominator, it’s that central banks are doing what they can but the experience of quantitative easing is that “financial markets are much easier to move than economies.”
continue reading: http://blogs.wsj.com/moneybeat/2014/09/11/wilbur-ross-deflation-not-inflation-is-the-bigger-concern/?mod=WSJBlog

Friday, August 15, 2014

The Secrets of 84 Year Old George Soros

How has Soros managed to stay at the top for so long? What are the secrets to his success? Can investors learn from his methods? Or is Soros a one-off, a gifted speculator with an inimitable knack for timing?

http://www.irishtimes.com/business/personal-finance/buy-bubbles-bet-big-and-backache-soros-s-secrets-1.1893639

Tuesday, August 5, 2014

Don Graham Is Keeping Busy Even After The Sale Of The Washington Post

When Donald E. Graham announced a year ago that he was selling The Washington Post to Jeff Bezos for $250 million, it was unclear what Mr. Graham, one of journalism’s most revered executives, would do next. The Post had been a Graham family jewel for 80 years and a giant in the field of journalism; but in a deal forged quickly last summer, it was suddenly under someone else’s control.
Mr. Graham, however, did not simply retire. Instead, he has remained immersed in his business enterprise, the newly named Graham Holdings, a consortium mostly comprising education, television and cable businesses. The company generated $3.48 billion in revenue in 2013 and on Friday reported largely flat revenue of $878.6 million for its most recent quarter.
http://www.nytimes.com/2014/08/05/business/media/graham-not-slowing-down-after-sale-of-the-post.html?partner=yahoofinance&_r=3

Buffett's Cash Hoard Now Above $50 billion - An All Time High

Sheesh, it isn't like he hasn't been making huge acquisitions in recent years.  What an incredible cash generating company he has built.

http://www.bloomberg.com/news/2014-08-04/buffett-waits-on-fat-pitch-as-cash-hoard-tops-50-billion.html