I just returned (tired and a bit bruised but otherwise happy) from a week long mountain bike trip from Telluride, CO to Moab, UT. A few pics from the iPhone below. As I play catch up, here are some of the things I’m reading and thinking about this week.
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Klarman just had another stock get bought out yesterday (ADCT). His top 10 holdings clone on AlphaClone is beating the market by 17% YTD.
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Mauldin had a new book coming out next month – Eavesdropping on Millionaires: Secrets of the World’s Wealthiest Investors. Also on the nightstand are Top Hedge Fund Investors: Stories, Strategies, and Advice and More Money Than God: Hedge Funds and the Making of a New Elite.
Tilson also has a new book coming out – Value Investing Course: Essential Strategies for Market-beating Return.
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In Politics, Sometimes the Facts Don’t Matter
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How Tax Efficient are Passive Equity Styles?
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Sovereign Defaults (and part 1 here)
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Front porch view in Telluride…
Somewhere in the La Sal Mtns…
…and the finish line in Moab/Slickrock!
