Find out What Four Legendary Investors Think of Market Valuations Today

Art Samberg, Mario Gabelli, Leon Cooperman and Russell Carson share their thoughts on today’s market valuations and the economy at the Columbia Business School’s 2017 Reunion Weekend.

Assessing Durable Competitive Advantage in Businesses

Successful investors know that finding a business with a high barrier to entry, a moat in Buffett parlance, is the key to creating long-term wealth.  Identifying businesses that have a competitive advantage that is sustainable and durable, will deliver the greatest rewards to the owners. Continue reading

Edward Altman: The Benign Credit Cycle Is in Extra Innings

Edward Altman says the benign credit cycle is in “extra innings,” but the metaphorical relief pitchers — central bankers — are running out of gas.

 

Source: Edward Altman: The Benign Credit Cycle Is in Extra Innings

Day to Day Noise in the Markets – Brexit Edition

“It is easy to confuse day-to-day noise with actual and significant signals. If you are merely reacting to the latest market action, then what you have is not a plan — you have an instinctual, fear-driven reaction, and it’s the makings of a disaster.”

Source: The Big Picture – Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

I’ll Pay You to Hold My Money Part II – Get Paid to Borrow

European Central Bank policy is having unforeseen consequences and this one is a real head scratcher, getting paid by the bank to borrow money.  How long do you think this can last?

But it isn’t all bad. Some Danes with floating-rate mortgages are discovering that their banks are paying them every month to borrow, instead of charging interest on their home loans.

Source: Less Than Zero: Living With Negative Interest Rates – WSJ